Ameresco-led energy retrofits supported by $100 million from CIB
May 31, 2023 By Anthony Capkun
“Through our Building Retrofit Initiative, we’re investing in decarbonizing buildings across Canada […],” said Ehren Cory, CEO, CIB. “Our $100-million funding commitment and its long-term impact will result in resilient, energy-efficient Canadian infrastructure […].”
Ameresco will identify and manage the upgrade projects. The types of retrofits could include LED lighting conversion, high-efficiency electrified HVAC, onsite solar plus battery storage, and other GHG-reducing technologies.
When complete, CIB’s support is expected to contribute to annual GHG emission reductions by 33,000 tonnes.
CIB’s Building Retrofits Initiative provides long-term investments for building retrofits to modernize and improve the energy efficiency of existing buildings.
“We are thrilled that our agreement with the CIB will increase the availability of low-cost committed capital for Ameresco’s project work in Canada,” said Bob McCullough, president, Ameresco Canada. “We are grateful that the Canada Infrastructure Bank shares our vision for a more sustainable future for our customers through innovative financing solutions such as energy-as-a-service.”
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