Infrastructure Bank commits up to $100M toward building retrofit projects
May 2, 2023 | By HPAC Magazine
The funding is intended to support energy retrofits to decarbonize commercial and industrial buildings across Canada being led by Ameresco Canada.
The Canada Infrastructure Bank (CIB) and Ameresco Canada Inc. have reached financial close on an agreement which sees the CIB committing to fund up to $100 million towards energy efficient building upgrade projects.
The CIB’s funding is intended to support Ameresco-led energy retrofits to decarbonize commercial and industrial buildings across Canada.
Ameresco, a clean technology integrator and project developer, will identify and manage the upgrade projects.
Examples of retrofits will include high efficiency electrified HVAC, onsite solar plus battery storage, and other greenhouse gas reducing technologies.
This investment is part of the CIB’s Building Retrofits Initiative (BRI), which provides long-term investments for building retrofits to modernize and improve the energy efficiency of existing buildings.
