Financial close for Georgetown University energy system PPP project in USA

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Georgetown Energy Partners (GEP), an entity owned by ENGIE and Axium Infrastructure, has achieved financial close with Georgetown University through a long-term comprehensive energy management partnership in the USA.

For a period of 50 years, GEP will be responsible for the operation, maintenance and modernization of the current university's utility system, which includes steam, chilled water, power and domestic water for both main campus and downtown law center facilities. The aim of this long-term agreement is to help accelerate and actualize the sustainability goals of the Georgetown University to reduce overall energy use intensity by 35%  and to achieve carbon-neutral status by 2030. The GEP will apply innovative energy solutions and modernize the existing utility infrastructure. 

Société Générale S.A, acted as Financial Advisor and Lead Arranger, while Allen & Overy LLP acted as lead counsel for ENGIE. For Georgetown University, Barclays acted as financial advisor, Jones Day acted as legal advisor and Arup acted as technical advisor.

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