SOFIAC, which specialises in enabling the development, financing and implementation of energy efficient projects, has teamed up with ADM Aéroports de Montréal to develop a large-scale energy efficient and greenhouse gas (GHG) emission reduction project, that will cover all infrastructure at both YUL Montreal-Trudeau International Airport and YMX International Aerocity of Mirabel locations.
Philippe Rainville, President and CEO at ADM Aéroports de Montréal commented on how the partnership will enable ADM to accelerate efforts to achieve carbon neutrality. “Our organisation is firmly committed to changing how we do things and being more proactive in the fight against climate change. Although the YUL air terminal emits the least GHG emissions compared to other Canadian airport terminals, we firmly believe that the innovative SOFIAC approach will help us further reduce emissions,” he said.
The construction project will be rolled out over the next two years and is a precursor to a long series of SOFIAC projects that will generate local economic benefits amounting to tens of millions of dollars. The SOFIAC intermediary mechanism eliminates barriers to the implementation of energy efficiency infrastructure projects and successfully aligns the needs of clients with those of key stakeholders in the energy efficiency market, including entrepreneurs, equipment suppliers and consultants.
Michel Methot, CEO at SOFIAC, explained: “We are starting the procurement phase of this infrastructure investment based on properly established benchmarks thanks to invaluable months of collaboration. This project will be reimbursed over a 15-year period solely by using a portion of the energy savings generated and will greatly contribute to our local green economy.”
