Green Infrastructure

Sector: Green Infrastructure

Green infrastructure projects support Canada’s ongoing transition to a clean growth economy. Energy efficiency building retrofits are significant opportunity to have a material long-term impact on Canada’s green infrastructure and related outcomes.

The CIB is currently engaged in discussions with a variety of public sector (particularly provincial and large municipal entities) and private sector partners.

The CIB will provide accessible debt financing for solutions across Canada and expects to lead to GHG reductions over the projected life of equipment financed and create employment.

Public Building Retrofits Initiative

Public Building Retrofits Initiative

Overview

The CIB Public Retrofits Initiative (PRI) provides financing for energy retrofits projects on infrastructure portfolios owned and/or managed by the public sector. The CIB will work with the public sector to review their asset portfolios from a holistic perspective and develop bundles of energy retrofit projects to support the achievement of ambitious portfolio-scale GHG reduction goals without using public funds for upfront investment or ongoing subsidies, where possible. The Bank aims to create a model for investment and procurement for energy performance projects that can be self-perpetuating as the market normalizes and accelerates towards net zero targets in 2050.


Eligible Partners

  • The public sector under the PRI includes all levels of government, Indigenous communities, schools, hospitals, and universities. The types of assets include all types of buildings, such as administrative offices, courthouses, jails, hospitals, campus buildings, student resident buildings and other infrastructure assets such as parking facilities, transit stations, transit yards and transit hubs, streets and highways lighting, etc.
  • To achieve significant levels of GHG reduction with reasonable financial returns, cost-effective bundling of multiple measures are likely to be required. As a result, potential partners may have to include all levels of energy efficient projects from operational upgrade to deep/deeper retrofits and fuel switching projects.

Resources:

For more information on the initiative please follow the links below to download the following documents:

To inquire about eligibility or obtain additional information please email public.retrofit@cib-bic.ca.

Commercial Building Retrofits Initiative

Commercial Building Retrofits Initiative

Overview

The CIB Commercial Building Retrofits Initiative provides financing for decarbonization retrofits in privately-owned commercial, industrial and multi-unit residential buildings in Canada. The Initiative is part of the CIB $10 billion Growth Plan that aims to stimulate jobs for Canadians and strengthen Canada’s economy through new infrastructure investments.


Eligible Partners

The application must consist of an investment opportunity for CIB of a minimum of $25 million and the Initiative is open to two kinds of applicants:

  1. Building owners may apply for financing to retrofit one or more of their buildings
  2. Third-party retrofit aggregators, including:
  • Existing Energy Service Companies (ESCO) that form a dedicated Special Purpose Vehicle (SPV) to originate and develop retrofit projects, or
  • Super ESCO models that are SPVs functioning as an intermediary between building owners and multiple ESCO providers, or
  • New entrants to the energy services market that have capabilities and capacity to either work on buildings or invest in retrofit projects, or
  • C-PACE program administrators.

To inquire about eligibility or obtain additional information please email retrofit.commercial@cib-bic.ca.

Documentations:

For more information on the initiative please follow the links below to download the following documents:

Applicants may submit questions or applications by email to retrofit.commercial@cib-bic.ca.

Learn about the Broadband sector.