SOFIAC announces the expansion of its service offer to all of Canada and the introduction of Desjardins as part of its capital.
ENPNewswire-July 13, 2022--SOFIAC announces the expansion of its service offer to all of Canada and the introduction of Desjardins as part of its capital
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Release date- 12072022 - SOFIAC announces the expansion of its service offer to all of Canada and the introduction of Desjardins as part of its capital.
SOFIAC will now be able to offer its turnkey solution for energy efficiency retrofits from coast to coast
SOFIAC is proud to announce that it is deploying its activities throughout Canada. Within the framework of this expansion, a consortium, headed by Desjardins Global Asset Management (DGAM) and comprising the Desjardins Group Pension Plan, Desjardins Financial Security and DGAM Global Private Infrastructure Fund II L.P., is joining SOFIAC's investors.
All over Canada, owners of buildings with overall annual energy expenditures of their portfolio totalling over $500,000 will now be able to realize their large-scale energy efficiency projects thanks to SOFIAC's turnkey solution.
Already the largest energy efficiency initiative in Canada, SOFIAC helps the owners of commercial, industrial, and multi-residential buildings modernize their buildings, decrease their greenhouse gas (GHG) emissions and, as a result, significantly reduce their energy expenditures and improve their profitability. As the implementation mechanism does not require the beneficiary to make any initial investment, it has the net benefit of freeing up significant and immediate liquid assets for building owners, in addition to enabling access to available subsidy programs and other tax benefits related to asset improvement.
A major contribution to Quebec's and Canada's energy transition
Launched in January 2021 at the initiative of Econoler and Fondaction, with the support of the Energy and Natural Resources Department (MERN), SOFIAC was created thanks to a $ 150-million financing package for Quebec comprising a significant contribution from the Canada Infrastructure Bank (CIB), Fiera Private Debt and Fondaction. The new consortium will enable deployment in the rest of Canada and provide SOFIAC with $185 million in capital to support energy transition and building decarbonization projects in both Quebec and Canada.
Contributing substantially to the transition toward a low-carbon future, SOFIAC, with its portfolio of projects, aims to reduce overall greenhouse gas emissions by 50% and achieve the complete decarbonization...
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