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.
Vancity Community Investment Bank (VCIB) and Canada Infrastructure Bank (CIB) provided financing for $15.3 million and $19.3 million, respectively, and the Government of Canada invested $3.3 million from its Low Carbon Economy Fund.
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 percent 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.
This project is also 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.
McCarthy Tétrault LLP acted as counsel to Noventa with a team led by David A.N. Lever and supported by Suzanne Murphy, Christopher Langdon, Scott Chalmers, Kerri Lui, Zachary Masoud, Karen Luu and Vivian Sy.
McMillan LLP acted as lead counsel to VCIB with a team consisting of Ahsan Mirza, Alex Ricchetti, Christina Kim, Mike Richmond, Kailey Sutton.
Gowling WLG acted as lead counsel to CIB with a team consisting of Myron B. Dzulynsky, Lindsay J. Wong, Christopher N. Alam, and Braden Sheps.
Torys LLP acted as lead counsel to Enbridge Gas Inc.
Borden Ladner Gervais LLP acted as lead counsel to University Hospital Network.