Noventa entered into Thermal Energy Services Agreement with UHN and obtained financing from VanCity and Canada Infrastructure Bank
September 23, 2021
42.90 Million CAD
On September 23, 2021, Noventa-Toronto Western L.P. entered into a thermal energy services agreement with the University Health Network to provide the Toronto Western Hospital and Krembil Discovery Tower with the world’s largest raw wastewater energy transfer system which will reduce the site’s carbon emissions by a quarter of a million tonnes over the next 30 years. This is expected to be the template for future wastewater energy transfer systems and financings in Ontario.
This 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.
Noventa Energy Partners is a renewable energy company that provides Reimagining EnergyTM services through fully engineered technology solutions and the development of renewable energy projects that demonstrate the capacity of our exclusively licensed and proprietary technologies to significantly reduce carbon emissions and manage energy costs.
McCarthy Tétrault assisted Noventa Energy Partners with a team led by David Lever that included Suzanne Murphy, Christopher Langdon, Scott Chalmers, Kerri Lui, Zachary Masoud, Karen Luu and Vivian Sy (Business).