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Deep energy retrofits on U of T’s St. George Campus
Fast facts
We are investing $50 million in energy efficient retrofit projects across U of T’s St. George Campus in downtown Toronto.
U of T has aging infrastructure, including a 120-year-old district energy system. With the St. George campus expected to grow significantly, upgrading existing and aged utility and building infrastructure will ensure future performance and build resilient low carbon systems for students now and into the future.
Decarbonization efforts include fuel switching by replacing natural gas-fueled sources with electricity (for example: gas-fired boiler replacement with electric boilers), energy optimization by installing industrial high-temperature heat pumps and upgrading building automation systems. Upgrades also include ventilation optimization and various measures to reduce U of T’s thermal heating and electrical loads including electrical demand, such as repurposing a gas turbine cogeneration unit and energy recovery from building exhausts.
The projects financed through the CIB’s investment will accelerate U of T’s emission reduction efforts towards becoming climate positive by 2050.
Benefits of CIB Involvement
We tailor financing solutions of projects developed by organizations looking to advance their sustainability goals. This is investment falls under our Building Retrofits Initiative which seeks to modernize and improve the energy efficiency of existing buildings.
Our financing was required to bridge the project’s commercial and economic gap which allowed it to move forward.
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