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Efficiency Capital Retrofits

Green Infrastructure
Across Canada
$50 million (financial close)
Efficiency Capital

Building retrofits to upgrade and modernize small- to medium-sized buildings

CIB $50 million loan supports a turnkey solution to decarbonize buildings across Canada.

Fast facts

Reducing greenhouse gas emissions in retrofitted buildings by a minimum of 30%
Increasing the energy efficiency of small- to medium-sized buildings
Investment repaid through energy savings generated by the retrofits

We are partnering with Efficiency Capital to help small and medium-sized building owners across Canada decarbonize their facilities.

Efficiency Capital is an Energy-as-a-Service (EaaS) company, partnering with owners to deliver fully funded deep retrofit solutions which reduce energy use and GHG emissions, generating environmental, social, and economic results.

Examples of building upgrades include lighting, roof insulation, heating-ventilation-air conditioning, heat pumps, automation systems, EV charging and renewable energy sources such as solar PV and geothermal. 

Efficiency Capital is an ‘aggregator’ under our Building Retrofits Initiative (BRI), which provides long-term investments for building retrofits to modernize and improve the energy efficiency of existing buildings.

Benefits of CIB involvement

Our Building Retrofits Initiative helps to address one of Canada’s largest sources of greenhouse gas emissions.

Buildings account for 18 per cent of Canada’s greenhouse gas emissions, so retrofitting these assets is critical to meeting the country’s climate change goals.

Learn more

President of Efficiency Capital Matt Zipchen, CEO of Efficiency Capital, Chandra Ramadurai, MP Julie Dabrusin and CIB’s Senior Director Investments, Gregory Balycky at the Canada Green Building Council conference
CIB's Senior Director of investments, Efficiency Capital and Avenue Living on a panel at the Canada Green Building conference
Side of grey student Housing building with air conditioners in Sackville, New Brunswick
Front of red Student Housing in Sackville, New Brunswick with blue sky and green grass
Side of grey student Housing building in Sackville, New Brunswick with blue sky
Efficiency Capital

Over the past year, EC has announced multiple partnerships to deliver its offerings across Canada. Our financial partnership with the CIB has given us the tools to make significant reductions in GHG emissions in buildings across Canada. Leveraging the CIB’s investment, we’re thrilled to expand our projects to improve efficiency, increase asset value and create cleaner, brighter spaces for tenants across Canada.

Chandra Ramadurai, Chief Executive Officer
Government of Canada

Reducing greenhouse gas emissions in buildings across the country will contribute significantly to the reduction of Canada’s carbon footprint. With the Canada Infrastructure Bank’s $50 million investment, Efficiency Capital will provide turnkey retrofits to decarbonize commercial, industrial and multi-residential buildings. The Canada Infrastructure Bank’s Building Retrofits Initiative will help Canada reach its goal of net-zero by 2050.

Julie Dabrusin, Parliamentary Secretary to the Minister of Environment and Climate Change and to the Minister of Energy and Natural Resources and Member of Parliament for Toronto—Danforth