Canada Infrastructure Bank and Johnson Controls Commit CAD 125 million to Building Decarbonization Retrofits

The Canada Infrastructure Bank (CIB) and Johnson Controls (NYSE: JCI) have signed an agreement that commits more than CAD 125 million to accelerate private sector decarbonization retrofit projects across Canada.
 
The agreement sees the CIB investing up to CAD 100 million toward commercial, industrial, manufacturing and multi-residential buildings leveraged through Johnson Controls OpenBlue Net Zero Buildings as a Service offering. The CIB's financing represents 80 percent of the overall capital cost of projects. An equity investment representing no less than 20 percent of the capital cost will be provided by Johnson Controls and its affiliate, Johnson Controls Capital Canada Inc.