California State University in the USA has selected a Meridiam-led consortium for a 33-year Public-Private Partnership (P3) contract to modernize and maintain Fresno State’s energy utility system. The consortium comprises Meridiam and NORESCO.

The contract — valued at about US$ 170 million — will address the campus hot- and chilled-water generation and distribution piping network providing more than 25,000 students, faculty, and staff with energy-efficient and reliable heating and cooling. In addition to the construction of a new central utility plant, the project includes photovoltaic solar panels that will be built over existing campus parking lots to generate clean energy and energy conservation measures within buildings to reduce campus energy usage and carbon footprint.