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$45 million each year
- The university will pay ENGIE-Axium a fixed fee of $45 million each year, with a 1.5 percent increase to cover inflation; an operating fee starting around $9.2 million to cover the cost of maintenance; and a variable fee tied to unknown capital investments.
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Sep 8, 2021 · In addition to this project, the partnership also supports grants, scholarships and internships at Ohio State. Financing: In exchange for operating services and the implementation of energy efficiency measures, Ohio State pays OSEP an annual utility fee. This fee includes three elements: an operating fee to cover costs (starting at $9.2 million ...
Ohio State's fee structure. Ohio State will pay OSEP a fee each year that is made up of three components: A fixed fee that will start at $45 million a year and escalate by 1.5 percent per year to cover inflation
Apr 10, 2017 · ENGIE (50%) and Axium Infrastructure US (50%) have won a 50-year concession valued at $1.165 billion USD to address The Ohio State University’s energy sustainability goals for its 485-building campus in Columbus, Ohio, one of the largest university campuses in the United States.
In return, Ohio State pays fees starting at around $55 million per year to Ohio State Energy Partners, a private company made up of the French energy company ENGIE and Canadian investment firm Axium Infrastructure.
ENGIE (50%) and Axium Infrastructure US (50%) have won a 50-year concession valued at $1.165 billion USD to address The Ohio State University’s energy sustainability goals for its 485-building campus in Columbus, Ohio, one of the largest university campuses in the United States.
ENGIE-Axium's proposal would pay Ohio State $1.165 billion, including an $1.015 billion upfront payment and a $150 million commitment to support academics in specific areas requested by students, faculty and staff during the bidding process.
What Ohio State would get: In return for a 50-year lease, ENGIE-Axium would pay Ohio State $1.015 billion upfront as well as an additional $150 million (primarily upfront) in direct academic collaboration support. In addition, ENGIE-Axium would put up the capital funds for and install energy conservation measures
