Building retrofits to reduce carbon footprints and energy use
Fast facts
We have reached financial close on an agreement with Ameresco Canada Inc. (Ameresco) which sees the CIB committing to fund up to $100 million towards energy efficient building upgrade projects.
Ameresco, a leading cleantech integrator and project developer, owner and operator, will identify and manage the upgrade projects. Examples of retrofits include LED lighting conversion, high efficiency electrified HVAC, onsite solar plus battery storage, and other GHG reducing technologies.
The investment is part of our Building Retrofits Initiative (BRI), which provides long-term investment solutions focused on upgrades which modernize and improve the energy performance of existing assets.
Benefits of CIB’s Involvement
The CIB tailors financing solutions to organizations, municipalities and businesses looking to advance their green projects and meet their sustainability targets. We are transforming the retrofits market by leading the way for private financing.
Our investment will help finance upfront capital costs of retrofits, which will be repaid through the sharing of energy savings over a period of several years.
Learn more
- Ameresco - Opens in a new tab
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