Subterra Renewables

Project highlights




Up to C$250 million

In May 2019, Forum committed up to C$250 million to a district energy partnership between Forum and Subterra Renewables, a leading low-carbon district energy platform based in Toronto.

The partnership develops and operates low-carbon heating and cooling systems for new large-scale commercial and residential real estate developments across North America.


Forum’s partnership with Subterra extends its commitment to socially responsible investments, and strengthens the Strategic Investments portfolio.

From applying structured finance to real-estate, and public-private partnerships to renewable energy — Our portfolio reflects our approach to targeting niche market opportunities.