Energy Efficiency Innovation financing
Our Energy Efficiency Innovation Financing supports Nova Scotia seafood businesses with the adoption of energy-efficient technologies to reduce electricity consumption and greenhouse gas emissions. Eligible projects for seafood operations include those adopting upgrades for electrification, operational efficiency or renewable energy and alternative fuel projects.
Offered by Fisheries and Aquaculture Loan Board
Amount
0.50% interest-rate reduction for projects that have been given approval for grants, program funding or rebates for energy efficiency
Quick eligibility check
Who can apply
Eligible projects for seafood operations include those adopting upgrades for electrification, operational efficiency or renewable energy and alternative fuel projects.
Grants or rebates from provincial or federal programs can be assigned directly to FALB or paid upfront as a deposit/down payment.
Specifically, recipients of funding through the Fisheries and Aquaculture Energy Efficiency Innovation Fund administered by Efficiency NS are eligible to apply.
Eligible for FALB financing and satisfying all other lending criteria.
Applications will be considered from active fishers, aquaculturists, seafood processors, and boat builders as well as those looking to get into or get back into the industry.
About the funding
Applicants are eligible for a 0.50% interest-rate reduction for projects that have been given approval for grants, program funding or rebates for energy efficiency.
Electrification:
Supporting the transition to use of electric vessels and support vehicles, charging infrastructure, and energy storage capacity.
Operational Efficiency
Show all funding details
: Energy efficient technology adoption and exploration of energy monitoring and cost of production management projects.
Renewable Energy and Alternative Fuel:
Supporting adoption of tidal, solar, wind, geothermal, biofuel, and carbon capture projects.
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