Green Products and Services
Renewable Energy and Cleantech Financing
Our Wholesale Banking team is at the forefront of financing new and innovative projects that contribute to cleaner, alternative or renewable energy supplies, including biogas, biomass, district energy systems, hydroelectric, solar and wind.
In the last three years, CIBC has led, co-led or participated in financings totaling over $6 billion for renewable energy projects, including hydro, wind, solar, geothermal, biomass and biogas.
In 2013 alone, CIBC lent $350 million towards $2.7 billion of financing for renewable power projects, including wind, solar and geothermal.. CIBC has retained its position as a top 10 lead arranger for financing renewable power projects in North America. To focus our efforts in the Clean Tech segment, CIBC is emphasizing four specific areas: energy-efficiency, waste-to-energy, green chemistry and water. In 2010, CIBC co-led the largest Clean Tech initial public offering on the Toronto Stock Exchange, and is active in performing private placements.
CIBC supports TransAlta Corporation in $200 Million Initial Public Offering to launch TransAlta Renewables Inc.
“As lead IPO bookrunner, CIBC was instrumental in helping us create TransAlta Renewables. This platform is highly strategic to TransAlta’s pursuit and funding of growth opportunities in the renewable power generation sector,” said Dawn Farrell, President and Chief Executive Officer of TransAlta Corporation.
TransAlta’s New Richmond, Quebec wind facility, a recent addition to TransAlta’s 1,200 MW wind power portfolio.
CIBC offers our clients paperless record keeping and banking methods such as pre-authorized bill payments, online transfers, direct deposit programs and telephone and online banking.
The eAdvantage Savings Account™ is designed for CIBC clients looking to access and manage all aspects of their savings account online, including record keeping. Paperless recording keeping is the only option available with this account.