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Enbridge Sustain-Blackstone Retrofits

Sector(s)
Green Infrastructure
Location(s)
Ontario
Participation
$200 million (Investment Commitment)
Partner(s)
Enbridge Sustain, Blackstone Energy Services

Enbridge Sustain and Blackstone Energy Services to retrofit and upgrade customer’s buildings

The investment supports Enbridge Sustain’s efforts with partner Blackstone Energy to help large Ontario customers conduct deep energy retrofits.

Fast facts

Upgrades to buildings include on-site geothermal, solar and other renewables, coupled with battery storage.
Universities, colleges and hospitals are among the customers to cut emissions by at least 30 per cent.

We are investing $200 million in the CIB’s largest retrofit opportunity to accelerate the deep energy efficiency retrofits of Enbridge Sustain customer’s buildings in Ontario. To date, the CIB has committed approximately $1.2 billion towards sustainable building retrofits. Buildings are one of the largest sources of GHGs in Canada, accounting for around 18 per cent of total emissions.

Benefits of CIB’s Involvement

The CIB’s Building Retrofits Initiative targets deep energy-efficient upgrade projects which are typically characterized by higher costs and longer payback periods that private capital markets have historically been unwilling to support.

Learn more

Government of Canada

This investment by the Canada Infrastructure Bank to retrofit large buildings in Ontario will help cut emissions and reduce pollution. The work that comes with these deep retrofits will create good jobs in the skilled trades and help reduce energy use – proving that building a clean economy is both good for workers and the environment.

Hon. Sean Fraser
Enbridge Gas Inc.

We are excited to announce our collaboration with the Canada Infrastructure Bank (CIB) and Blackstone Energy Services to launch an initiative that offers a practical and affordable solution to large energy users such as universities, hospitals, municipalities, and multi-unit residential properties. This initiative aims to implement deep energy building retrofits that are expected to result in a minimum of 30% emissions reduction. Our collective efforts towards decarbonization are designed to contribute to a greener future for generations to come.

Mark Irvine, Vice President, Unregulated Business
Blackstone Energy Services

The Blackstone team is thankful for our new partnership, as it will aid in providing necessary capital to support our clients in their energy transition. With over 75 million square feet of decarbonization studies and action plans completed, many of our clients are poised to move forward implementing their green infrastructure projects. The CIB and Enbridge Sustain capital structure is truly unique, and their commitment to long-term energy-as-a-service agreements offer one of the best client solutions in the market.

Ryan Duffy, Chief Executive Officer