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Ameresco Retrofits

Green Infrastructure
Across Canada
Up to $100 million (financial close)
Ameresco Canada Inc.

Building retrofits to reduce carbon footprints and energy use

The investment supports a turnkey solution to decarbonize commercial and industrial buildings across Canada.

Fast facts

Reducing 33,000 tonnes of greenhouse gas emissions annually
Increases the energy efficiency of buildings
Investment repaid through energy savings generated by the retrofits

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

Trees in front of building
Solar panels on flat roof
Aerial view of an industrial building with solar panels
Government of Canada

Improving the energy efficiency of existing commercial and industrial buildings across the country is good for Canadian businesses and essential to achieving our goal of net-zero by 2050. This $100 million investment will play an important role in reducing emissions in this sector over the long-term.

Hon. Dominic LeBlanc
Ameresco Canada

We are thrilled that our agreement with the CIB will increase the availability of low-cost committed capital for Ameresco’s project work in Canada. We are grateful that the Canada Infrastructure Bank shares our vision for a more sustainable future for our customers through innovative financing solutions such as energy as a service.

Bob McCullough, President