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Reducing energy consumption and carbon emissions with turnkey retrofit services
Investment from the CIB will facilitate more opportunities for building owners and operators to retrofit aging infrastructure.
Fast facts
Our $100 million loan to GDI Integrated Facility Services Inc. (GDI) will support deep energy retrofits in commercial, institutional and multi-residential buildings across Canada.
GDI and their subsidiaries, Ainsworth and Énergère will provide prospective clients with turnkey carbon reduction services like fuel switching, HVAC upgrades, transitioning to clean and renewable power sources like solar generation and electrical vehicle charging stations and energy storage facilities.
Once the retrofits are complete, it is expected there will be an annual reduction of approximately 44,000 tonnes of greenhouse gas emissions across the project portfolio.
Benefits of CIB involvement
Our Building Retrofits Initiative helps to address one of Canada’s largest sources of greenhouse gas emissions (GHGs). Buildings account for 18 per cent of Canada’s GHGs, so retrofitting these assets is critical to meeting the country’s climate change goals.
The CIB low-cost loan helps close the high upfront cost associated with deep energy retrofit projects that are often not economically viable with traditional sources of capital.
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
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