McConnell Year in Review 2021
Efficiency Capital Included in McConnell Foundation Year in Review
April 28, 2022

NEW INVESTMENT PARTNERSHIP WITH EFFICIENCY CAPITAL TO DELIVER LOW-CARBON SOLUTIONS TO BUSINESSES AND BUILDING OWNERS ACROSS CANADA

TORONTO, June 15, 2022 - Paving the way towards Canada's net-zero future, the Canada Infrastructure Bank (CIB) today announces its commitment to invest up to $50 million into Efficiency Capital's (EC) $62.5M asset management platform for the purpose of developing, funding, and delivering private sector energy efficiency and low-carbon retrofits.

Through a wholly-owned special purpose vehicle, EC will become a "Retrofit Aggregator" under the CBRI program, whereby CIB financing will cover up to 80 per cent of the capital costs on eligible projects with EC's impact investors contributing the remaining capital as equity through EC's platform.

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