In a bid to enhance energy efficiency and reduce its carbon footprint, the Montreal Port Authority (MPA) has entered into a partnership with SOFIAC, an investment fund specializing in decarbonization.
SOFIAC will support the Canadian port in a comprehensive energy efficiency project that can potentially reduce greenhouse gas emissions from its operational buildings by over 60%.
With a multi-million dollar investment from SOFIAC, the MPA will benefit from deep retrofit without needing to invest its own capital. SOFIAC’s innovative model allows the investment to be repaid from the energy savings generated by the project. In line with its comprehensive support approach, SOFIAC will oversee the entire implementation process with its technical partners, particularly Siemens, the energy services company selected for this significant mandate.
The project will target the MPA’s three main buildings:
- Cité du Havre building
- MPA’s headquarters
- Grand Quai of the Port of Montreal
The project will also target the building housing infrastructure management, mechanical workshops, and rail operations located at 3400 Notre-Dame East.
“This project marks a crucial step in our sustainability efforts and brings us closer to our goal of carbon neutrality,” said Benoit Viens, Senior Director of Environment and Real Estate at the MPA. “Thanks to SOFIAC’s expertise and support, we will transform our infrastructure to make it more energy-efficient while significantly reducing our carbon footprint.”
Michel Methot, Senior Vice President at SOFIAC, added: “This partnership with the Montreal Port Authority reflects our commitment to provide customized, sustainable solutions, allowing our clients to achieve energy savings with no financial risk. We are proud to contribute to this ambitious carbon neutrality vision.”