Direct Investing - Projects
Through the Alberta Ecotrust Climate Innovation Fund, we identify, invest in and help scale up solutions by supporting projects, organizations, and enterprises that align with Calgary and Edmonton's climate action plans.
We invest in stand-alone assets and discrete initiatives with clearly defined outcomes and measurable impact. Structures include:
Limited partnership: Projects with defined lifecycles that combine the growth potential of equity participation with the stability characteristics of debt financing
Project debt: Targeted financing for specific initiatives with clearly defined environmental outcomes, measurable timelines, and structured repayment terms that align with project cash flows.
What we look for
Alberta Ecotrust invest in projects that lower emissions and are ready for implementation in Calgary, Edmonton and surrounding communities. We prioritize building retrofits, carbon-capture/ removal solutions, high-efficiency prefab construction and low-carbon mobility with clear baselines, measurements and community benefits. Projects must demonstrate material GHG reductions, align with municipal climate plans and meet our return thresholds.
Our project investments
Status: Active
Focus: Specializing in the revitalization of neglected multi-family buildings by performing strategic building envelope improvements and heat pump electrification. This transforms undervalued properties into energy-efficient assets.
Impact: Reducing GHG emissions by 50-90 percent across their building portfolio
Investment amount: $500,000
Astra Group - Place 800
Status: Active
Focus: Reducing building operational emissions and preserving embodied carbon through adaptive reuse of a vacant office to residential conversion project in the west end of downtown Calgary.
Impact: The project is targeting 25 percent GHG emission reductions and 40 percent of the rental units will be below market rental rates.
Investment amount: $900,000
Read full announcementAstra Group - Impact MFT
Status: Active
Focus: A financing vehicle that delivers fast, short‑term bridge financing to Astra Group so it can acquire and retrofit underused downtown Calgary office towers into high‑performance, mixed‑use buildings. The fund’s structure replaces one‑off bridge loans and shortens acquisition timelines, while diversifying risk across multiple assets.
Impact: Cuts operational emissions of acquired and retrofitted buildings by ≥ 25 percent, preserves embodied carbon, and scales CMHC‑defined affordable rental supply.
Investment amount: $1,000,000
Read full announcement
About the Climate Innovation Fund
Our investments are made possible with funding from Alberta Ecotrust's Climate Innovation Fund. The Climate Innovation Fund targets the major urban greenhouse gas emissions sources in Calgary and Edmonton.
Curious about our other investments?
Read more about our latest investments and our portfolio.