SOFIAC Retrofits

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Inefficient energy use in large buildings is a major source of greenhouse gas (GHGs) emissions. Retrofits can significantly reduce GHGs and owner operating expenses, contributing to Canada’s transition to a low-carbon future. Our investment takes the form of a long-term, fully repayable loan. It allows building owners with minimum annual energy expenses of $1 million to see potential energy savings of 25% to 40%. They can leverage SOFIAC’s technical and financial resources to develop and implement retrofit projects. The goals are to optimize building energy performance and reduce carbon footprints, without requiring upfront investment or internal resources. Benefits of CIB InvolvementOur Commercial Building Retrofits Initiative enables large private sector real estate owners and aggregators to modernize and improve the energy efficiency of existing buildings.Our investment finances upfront capital costs of retrofits, which will be repaid through the sharing of energy savings over a period of several years. Once the repayment is complete, the companies that benefited from the initiative will benefit from 100% of the savings achieved through the retrofits.

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