New decarbonization milestone in sight for the Montreal Port Authority

The Montreal Port Authority (MPA) has announced a strategic partnership with SOFIAC, an investment fund specializing in decarbonization, to enhance the energy efficiency of the Port of Montreal infrastructure and reduce its carbon footprint.

The ambitious project aims to cut greenhouse gas emissions from MPA-operated buildings by more than 60% through an innovative financing model. SOFIAC will invest several million dollars in eco-energy upgrades, allowing the MPA to avoid upfront capital expenditure, with repayments made through the energy savings generated.

The project will cover three main buildings: the Cité du Havre headquarters, the Grand Quay in Old Montreal, and the technical workshops on Notre-Dame Street East. In collaboration with technical partner Siemens, SOFIAC will oversee all implementation phases.

MPA’s collaboration with SOFIAC marks a significant step forward in its progress towards achieving carbon neutrality.