The purpose of the WoodGreen Community Services retrofit project was to address a significant portion of the infrastructure renewal needs identified by leveraging the monetization potential of operating-cost savings from improved energy and water efficiency. By applying an efficiency lens to asset management decisions that have traditionally been planned on the basis of end-of-life replacement, the project capitalizes the net present value of projected future energy and water savings to fund as much immediate capital improvement as possible. This strategy enables the offsetting of high-return upgrades of energy and water consuming systems against lesser ones to optimize short and long-term energy and water related renewal.
With a limited capital operating budget, building system conditions, from a lifecycle equipment replacement point of view, were causing multiple maintenance issues with high repair costs and tenant comfort problems.