Forward thinking Sustainability minded organizations have been taking advantage of funding mechanisms through the Canada Infrastructure Bank to Retrofit their Buildings

Please note these are projects not delivered by Simply Energy

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CAPREIT conducting Deep Energy Retrofits of 60 of their buildings using financing mechanisms through the CIB

Fast Facts:

  • Retrofits to reduce CAPREITs overall carbon emissions reduction by 40%

  • Measures to include high efficiency electric heat pumps, BAS, lighting retrofits and sub-metering

CAPREIT Retrofits | Canada Infrastructure Bank (CIB) (cib-bic.ca)

May 2024

Dream conducting Deep Energy Retrofits at 19 of their buildings across Ontario and Saskatchewan

Fast Facts:

  • Retrofits to reduce Dreams carbon emissions at these buildings by 40%

  • Measures to include a focus on mechanical and electrical upgrades, new windows and roofs, electric vehicle chargers and rooftop solar

Dream Retrofits C | Canada Infrastructure Bank (CIB) (cib-bic.ca)

May 2022

Fairmont Royal York Hotel to Decarbonize

Fast Facts:

  • Significant carbon emissions reductions with the goal of reducing the hotels emissions by 80%

  • A focus on mechanical and electrical upgrades, switching the building over from its old steam heating systems

Fairmont Royal York Hotel Retrofits | Canada Infrastructure Bank (CIB) (cib-bic.ca)

October 2022

Avenue Living is accessing funding through the CIB to deep energy retrofit 240 of their buildings

Fast Facts:

  • Retrofits to reduce the carbon emissions of Avenue Living by an estimated 50%

  • A focus on mechanical and electrical upgrades, new windows and doors, roof insulation and rooftop solar

CIB invests $120M in the Avenue Living project | Canada Infrastructure Bank (CIB) (cib-bic.ca)

June 2022

SOFIAC loans enable cash flow positive projects from Day 1 of the Project, loans are off balance sheet for the end customer and project costs are paid out from a percentage of the energy savings

Fast Facts:

  • Building owners with a combined annual energy spend of $1,000,000 can qualify for these loans

  • Projects must see a combined energy reduction of 25-40%

SOFIAC Retrofits | Canada Infrastructure Bank (CIB) (cib-bic.ca)

October 2021

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