Deep retrofit supports climate and asset value

Residential and commercial tenants at Yellowknife’s Denendeh Manor can look forward to improved comfort once a pending deep retrofit enhances energy performance and ends the building’s reliance on heating oil. The work will be undertaken with a newly announced $2.3 million grant from the Indigenous leadership stream of the Canadian government’s Low Carbon Economy Fund.

“Every year, for the life of our building, this investment will eliminate our dependence on 30,000 litres of heating oil, reduce our carbon footprint by 85 tonnes of greenhouse gases and save us over $40,000 in energy costs for heat and electricity,” advises Darrell Beaulieu, chief executive officer of Denendeh Manor GP Ltd..

Denendeh Manor is wholly owned by Denendeh Investments Limited Partnership (DILP), the investment arm of Denendeh Development Corporation. The upgrades at the four-storey apartment buildings will include: a new wood pellet biomass heating system; a rooftop solar array coupled with sewage heat recovery to preheat hot water; energy-efficient windows and doors; fire-smart cladding; air sealing and insulation improvements; and LED lighting.

The Indigenous leadership fund has an allocation of up to $180 million for climate action projects and was co-developed with three national Indigenous organizations, First Nations, Inuit and Metis governments and Indigenous clean energy experts. To qualify, projects must be Indigenous owned and led, and deliver climate, social and economic outcomes that support self-determination.

“Whether it’s wildfires, rising temperatures or extreme weather, the North faces the harsh realities of climate change every day,” acknowledges Rebecca Alty, Canada’s Minister of Crown-Indigenous Relations.

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