The Montreal Port Authority (MPA) has partnered with SOFIAC, an investment fund specialising in decarbonisation, for a comprehensive energy efficiency project.
The project reportedly has the potential to reduce greenhouse gas emissions from MPA’s operational buildings by over 60 per cent.
With an investment from SOFIAC that could reach several million dollars, the MPA will benefit from deep retrofit without needing to invest its own capital. SOFIAC’s model allows the investment to be repaid from the energy savings generated by the project.
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: the Cité du Havre building, the MPA’s headquarters; the Grand Quai of the Port of Montreal, an iconic location for Montrealers situated in the Old Port; and the building housing the 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.”
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Michel Methot, Senior Vice President at SOFIAC, added: “This partnership with the Montreal Port Authority reflects our commitment to provide customised, sustainable solutions, allowing our clients to achieve energy savings with no financial risk.
“We are proud to contribute to this ambitious carbon neutrality vision.”
Earlier this summer, the MPA completed its extensive project to optimise rail capacity, which aims to improve the performance and fluidity of its logistics services.
