Green Infrastructure

Toronto Western Hospital Retrofit
Green infrastructure investment supports Canada’s ongoing transition to a clean growth economy. Energy efficient building retrofits can have a material long-term impact on Canada’s green infrastructure and related outcomes.

Our Investment and Advisory teams are in discussions with a variety of public sector (particularly provincial and large municipal entities) and private sector partners.

Investment in large-scale projects crowd in private capital where investment from the private sector has traditionally been limited due to the uncertain nature of expected cost savings. Our experts are creating a mainstream, broadly marketed debt product to attract new market participants.

We provide accessible debt financing for infrastructure to reduce GHGs over the projected life of financed equipment. These investments also create employment opportunities.

Building Retrofits Initiative

Our Building Retrofits Initiative (BRI) provides financing for energy retrofits projects. The Initiative invests in the decarbonization of building and provides attractive financing to reduce investment barriers and drive carbon savings. Our team of experts works with the public and private sector as well as other market participants to modernize and improve the energy efficiency of existing buildings.

Eligible Buildings

The public sector under the BRI includes all levels of government, Indigenous communities, schools, hospitals, and universities. The eligible assets include all types of buildings, such as administrative offices, courthouses, correctional facilities, hospitals, campus buildings, student resident buildings. It also includes infrastructure such as parking facilities, transit stations, transit yards and transit hubs, streets and highways lighting, etc.

The private sector includes privately owned commercial, industrial, and multi-unit residential buildings. Eligible assets include real estate investment trusts (REITs), investment trusts, retail chains, corporations, etc.

The Initiative is open to applicants through three different approaches:

1. Direct investment loans to owners of single or multiple buildings,

2. Participation and agency agreement with first ranking mortgage lenders,

3. Privately-owned special purpose vehicles (SPV) created for parties such as:

  • Existing Energy Service Companies (ESCO) and contractors, or
  • Property management firms, or
  • Third-party investors, or
  • Commercial property assessed clean energy (C-PACE) and on-bill financing program administrators, or
  • Public (Provinces and Municipalities) and municipalities, universities school boards, and hospitals (MUSH) sector.

For more information on the Building Retrofits Initiative please refer to the adjoining documents or email us.

Zero-Emission Vehicle Infrastructure Initiative

For Canada to have a strong, resilient economy in the future, we must consider the impacts of climate change now. As part of the 2030 Emission Reduction Plan issued in March 2022, the CIB will support the federal government’s objective of adding 50,000 zero-emission vehicle (ZEV) charging infrastructure to Canada’s network. The goal is to help make the transition to electric vehicles easier for Canadians. The initiative commits $500 million to ZEV charging and refuelling infrastructure.