Sofiac - Risk-free energy transition

• No upfront financial contribution required from the client; all project costs are covered initially.
• Project costs are reimbursed exclusively through a portion of the energy savings generated after project implementation.
• The client benefits from positive cash flow as of project start and retains a portion of demonstrated savings.
• Full asset ownership is transferred to the client on day one, allowing for fiscal amortization throughout the asset's lifetime.

• The applicant must be a business operating in the commercial, industrial, or multi-residential sector.
• The business must be located in Canada.
• The total annual energy costs for the business (for a portfolio of buildings) must exceed $750,000.

Who is eligible?

• Commercial sector businesses in Canada
• Industrial sector businesses in Canada
• Multi-residential sector businesses in Canada

Eligible expenses

• Costs related to project preparation, including financial and technical feasibility studies.
• Detailed engineering and design services for approved energy transition and decarbonization initiatives.
• Procurement, installation, and commissioning of equipment dedicated to energy efficiency or GHG reduction.
• Consulting fees from mandated energy service companies (ESCO) for project development and implementation.
• Measurement and verification of achieved energy savings as per project agreement.

Eligible geographic areas

• Canada

• Confirmation that the project meets SOFIAC's investment criteria.
• Agreement on all the criteria that will allow the development of the project's financial model.

• SOFIAC manages all phases of the project, assuming full financial and technical risks.
• Asset ownership is transferred to the client from the first day, enabling fiscal amortization throughout asset lifetime.
• SOFIAC optimizes available subsidies to reduce the total amount to be reimbursed by the client.
• The arrangement is structured to preserve the client’s borrowing capacity and financial profile.