TORONTO — The Canada Infrastructure Bank (CIB) has announced it has reached financial close on a $100-million investment with GDI Integrated Facility Services Inc. (GDI).
The financing supports deep energy retrofits of inefficient buildings across Canada through a new division of GDI, stated a July 2 release.
GDI’s new special purpose vehicle (SPV) will supplement the CIB’s investment with an equity investment by GDI and third parties. GDI’s subsidiary Ainsworth and its subsidiary, Énergère will source energy projects and provide turnkey design/build services.
The companies will offer initial energy audits, energy modelling, system design, installation, commissioning, measurement and ongoing energy management, data analytics and energy optimization.
Each building is expected to reduce greenhouse gas emissions by a minimum of 30 per cent annually, for an average of 37 per cent across the project portfolio. The program is expected to support approximately 500 jobs in the trades sector.
Ainsworth is GDI’s technical services business segment and Énergère operates as an energy services company.
Carbon reduction measures could include fuel switching, HVAC upgrades, transitioning to clean and renewable power sources like solar generation, electrical vehicle charging and energy storage facilities.
“These investments will enable our clients to reduce their overall greenhouse gas emissions and will contribute to the mitigation of climate change effects in Canada and the world,” stated GDI CEO Claude Bigras in a statement. “We will be performing turnkey solutions for clients’ buildings to reduce the carbon footprint while enhancing overall energy efficiency.”
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