HPAC Magazine

Canada Infrastructure Bank Kicks in $56M for U of T Building Retrofits

Among the projects being financed will be switching one of four gas boilers to electric in the central heating plant.

July 20, 2022   By HPAC Magazine

The Canada Infrastructure Bank (CIB) has signed an agreement with the University of Toronto (U of T) that has the CIB committing up to $56 million toward deep energy retrofit projects.

Among the projects being financed will be switching one of four gas boilers to electric and installing a supplemental steam turbine in the central heating plant. Other projects will include deep energy retrofits of six academic buildings, establishing a local low-carbon energy source (maybe solar panels) which will supply renewable energy, and implementing green-technology solutions such as carbon capture, energy storage and waste-to-fuel.

The investment falls under the CIB’s Building Retrofits Initiative, which drives energy savings from infrastructure owned and/or managed by the public sector.

The financing will help the university’s downtown Toronto campus become climate positive by 2050 and reduce greenhouse gas emissions by approximately 50% or 45,000 tonnes carbon dioxide equivalent annually.

cib-bic.ca

 

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