Canada Infrastructure Bank provides financing for wastewater energy transfer project

On September 23, 2021, Noventa Energy Partners presented a new system to develop wastewater energy transfer project at the Toronto Western Hospital and the Krembil Research Institute in Toronto, Ontario.

The project represents the world's largest raw wastewater energy transfer project which will generate enough thermal energy using raw municipal wastewater from a sewer to supply 90% of the hospital's heating and cooling requirements, reducing its carbon emissions by a quarter of a million tonnes. The system will supply 1.8 billion kilowatt-hours of low-carbon energy from raw wastewater to the hospital over the next 30 years. 

Vancity Community Investment Bank (VCIB) and Canada Infrastructure Bank (CIB) provided financing of $15.3 million and $19.3 million, respectively, and the Government of Canada invested $3.3 million from its Low Carbon Economy Fund. This project is the first project under the CIB's Public Building Retrofits Initiative, which seeks to achieve significant energy savings from infrastructure owned and/or managed by the public sector.

Gowling WLG acted as lead counsel to CIB on this financing with a team comprised of Myron Dzulynsky, Lindsay Wong, Christopher Alam and Braden Sheps.