Efficiency Capital – Commercial Building Retrofits

Sector(s)
Green Infrastructure
Location(s)
Across Canada
Participation
Up to $50 million
Partner(s)
Efficiency Capital

Retrofits to optimize energy performance and reduce carbon footprints

The investment will provide a turnkey solution for building owners to develop and implement retrofit projects.

Fast facts

Reduce greenhouse gas emissions by 11,100 tonnes/year
No upfront investment or internal resources required from building owners
Investment repaid through energy savings generated by the retrofits
Investments support the transition to a net zero economy

Our $50 million investment commitment with Efficiency Capital will provide building owners with access to technical and financial resources to develop and implement retrofits which will optimize energy performance and reduce their properties’ carbon footprint, without requiring upfront investment or internal resources.

The project aligns with the CIB’s Commercial Building Retrofits Initiative (CBRI) in targeting a minimum GHG emissions reduction of 30 per cent across the portfolio of buildings.

Benefits of CIB Involvement

Our team works with large private sector real estate owners and retrofit aggregators on customized plans to modernize and improve the energy efficiency of existing buildings. 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. Once the repayment is complete, companies benefit from 100% of the long-term savings achieved through the retrofits.

Learn more

Efficiency Capital

Canadian businesses and building owners are starting to make serious commitments to reduce their GHG emissions but often struggle with the allocation of sufficient capital to implement their projects at scale or across multiple sites. EC brings specialized capital and diverse expert teams to deliver projects that otherwise would fail to meet the internal hurdle rates of our clients.

Chandra Ramadura, CEO, Efficiency Capital