Skyline Apartment REIT & Skyline Energy Launch EV Project
May 25, 2023 News
[Guelph, Ontario – May 25, 2023]
Skyline Apartment REIT, a private real estate investment trust comprised of 251 apartment properties across Canada, is investing in the installation of hundreds of Level 2 EV chargers at its buildings, in collaboration with Natural Resources Canada (NRCan).
Skyline has mobilized more than 155 properties to date and has installed more than 575 EV chargers at those properties.
The remainder of the installations will take place between May 2023 and March 2024. This project will ultimately see Skyline Apartment REIT install 900+ chargers at more than 219 of its properties, which are located across British Columbia, Alberta, Manitoba, Ontario, Quebec, New Brunswick, and Nova Scotia.
NRCan is providing funding for 852 chargers within the project through its Zero Emission Vehicle Infrastructure Program (ZEVIP). To date, this is the largest EV infrastructure project in which NRCan has invested.
Skyline Energy, a clean energy asset acquisition, management, and innovation firm, will be managing the portfolio and the deployment of this project. Skyline Energy has selected Anvil Crawler Development Corp. and EV charging solution provider SWTCH Energy as its preferred vendors.
Skyline Apartment REIT and Skyline Energy both belong to Skyline Group of Companies, based in Guelph, Ontario.
The chosen EV chargers are Level 2 overnight models capable of charging up to 40KWh.
“Skyline Apartment REIT is proud to be partnering with NRCan on this project which will make EV infrastructure more readily accessible for our tenants in our communities,” said Matthew Organ, President, Skyline Apartment REIT.
“Electric vehicles are rapidly becoming mainstream, and we are committed to providing a clean energy solution at our properties to facilitate the growing demand. Our tenants are incredibly supportive of all environmental initiatives and the addition of these charging stations is something we can all be proud of. The installations will be future-proofed, meaning we can continue to add more charging infrastructure at properties in the future as required. In doing so, we’re aiming to fulfill both current and future needs of our apartment tenants.”
“Skyline Energy is excited to be managing this project and to be further contributing to the development of Canada’s clean energy sector,” added Rob Stein, President, Skyline Energy.
“The chargers deliver a one-two punch: they present an added benefit for the building’s tenants and they will make a meaningful positive impact toward achieving Skyline’s environmental sustainability objectives.”
“Clean energy is an important component of our environmental sustainability initiatives at Skyline,” commented R. Jason Ashdown, Co-Founder & Chief Sustainability Officer, Skyline Group of Companies.
“Tenants want to live in a building that makes it easy and convenient to make choices with environmental sustainability in mind. We’re proud to be literally putting the infrastructure in place to allow them to choose a greener method of transportation.”
“SWTCH is honored to be selected by Skyline Energy to deploy EV charging infrastructure at Skyline Apartment REIT’s buildings across Canada,” said Carter Li, CEO, SWTCH.
“We’re integrating EV chargers with solar and energy storage when possible, fulfilling the increasing power needs of each site using existing grid infrastructure. EVs are part of the built environment and we’re using cutting-edge technology to ensure EVs benefit the grid and building owners with ambitious sustainability goals.”
“Canadians are making the switch to electric vehicles, which is why the Government of Canada is working with partners like Skyline to deploy EV chargers across Canada,” said Lloyd Longfield, Member of Parliament for Guelph.
“From manufacturing EVs with Volkswagen in St. Thomas, Ontario to charging them here in Guelph, the EV economy is unlocking opportunities across Canada. This is how we build a strong and clean economy together.”
“We’re making electric vehicles more affordable and charging more accessible where Canadians live, work and play,” said the Honourable Jonathan Wilkinson, Minister of Natural Resources.
“Investing in more EV chargers, like the ones announced in Ontario and across Canada, will put more Canadians in the driver’s seat on the road to a net-zero future and help achieve our climate goals.”
About Skyline Apartment REIT
Skyline Apartment REIT (the “REIT”) is a privately owned and managed portfolio of primarily multi-residential properties, focused on acquiring both established and newly developed properties in secondary and tertiary communities across Canada.
Skyline Apartment REIT is distributed as an alternative investment product through Skyline Wealth Management Inc. (“Skyline Wealth Management”), the preferred Exempt Market Dealer for the REIT. It is also available on Fundserv (Code: SKY2006).
Skyline Apartment REIT is committed to providing best in class apartment suites and service to its residential tenants, while surfacing value with a goal to deliver stable returns to its investors.
To learn more about Skyline Apartment REIT, please visit SkylineApartmentREIT.ca.
To learn about additional alternative investment products offered through Skyline Wealth Management, please visit SkylineWealth.ca.
Skyline Apartment REIT is operated and managed by Skyline Group of Companies.
About Skyline Energy
Skyline Energy is a clean energy asset acquisition, management, and innovation firm.
Servicing Skyline Clean Energy Fund (SCEF), a privately owned and managed portfolio of clean energy assets, Skyline Energy purchases, manages, monitors, and optimizes all assets within SCEF, in order to surface exceptional value for SCEF’s investors.
Skyline Energy believes that by investing in sustainable and renewable energy, we are investing in a brighter future for the planet, and for generations to come.
To learn more about Skyline Energy and its role for Skyline Clean Energy Fund, please visit SkylineEnergy.ca.
Skyline Energy is part of Skyline Group Of Companies.
For media inquiries, please contact:
Vice President, Corporate Marketing & Communications, Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8