Enwave District Energy

Project Name: Enwave District Energy

Lulu-Project-Image

Partner(s): Enwave Energy Corporation

Location: Toronto and Mississauga (Ontario)

Sector: Clean Power

Participation: $600 million (financial close)

Description: Enwave is expanding and enhancing the efficiency of its existing district energy system in central Toronto and developing new services in western and eastern Toronto and in Mississauga.

District energy expansion into new areas will allow connected buildings the opportunity to reduce their electricity consumption by up to 80 percent and carbon emissions by up to 60 percent. The district energy systems will be an efficient, reliable source of heating and cooling and reduce facility owners’ operating costs. It is expected 67,780 tonnes greenhouse gas emissions will be reduced annually.

Enwave currently provides district energy services to health care facilities, government and university buildings and commercial and residential towers, within the Toronto’s downtown.

Benefits of the CIB Involvement

The investment allows for the build out of the district energy systems on a larger scale and more expedited basis. Innovative financing terms consider user adoption of the system. The project also combines both public and institutional investment.

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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 Enwave Energy Corp.