CIB to help finance Noventa retrofit projects in Ontario - constructconnect.com - Daily Commercial News

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.cib_en and NoventaEnergy have announced they have reached financial close on deal for retrofit projects in Ontario.

April 21, 2023

Under the terms of the agreement, the CIB has committed a $100-million loan for upgrades to heating and cooling systems performed by Noventa using an energy-as-a-service delivery model. Additional funding will be provided by Ancala Partners through Noventa. Noventa’s initial feasibility reports have targeted retrofits of hospitals, universities and large commercial redevelopments across Ontario.

 

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