(Under construction)
New clean energy projects in the City of Markham
The investment will support Markham District Energy (MDE) with expanding its service area, ensuring more buildings can connect to its low-carbon district energy systems. By alleviating the need for separate heating and cooling systems, district energy effectively reduces building greenhouse gas emissions.
Fast facts
We are investing $135 million to expedite the large-scale expansion of clean energy projects in the City of Markham. The loan allows the company to expand its district energy system and support future development in Markham. The district energy systems will provide the City with low-carbon energy sources which will provide heating and cooling to connected buildings in the municipality. The expansion will result in the reduction of 33,700 tonnes of greenhouse gas emissions annually.
Benefits of CIB Involvement
The CIB worked with Markham District Energy to attract a $135 million co-investment from CIBC. With the support of both CIB and CIBC, MDE can deliver on its 10-year growth plan, expand its urban district energy offerings and shape a greener community.
Learn more
- Markham District Energy - Opens in a new tab
- CIBC - Opens in a new tab
Disclaimer: Canada Infrastructure Bank, in its sole and absolute discretion, may choose to make available amendments, revisions, modifications or replacements to this website. This page will remain open for further revision, modification, replacement or cancellation by Canada Infrastructure Bank at any time and in no event shall Canada Infrastructure Bank be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on the content of this website. Pictures courtesy of Markham District Energy.
