EverWind Fuels plans over C$10 billion for Nova Scotia AI data center and wind build
The Point Tupper project comes with a 20-year lease from an unnamed frontier AI developer and promises to keep power costs off local bills
EverWind Fuels plans to spend more than C$10 billion on a data center campus and wind infrastructure in Nova Scotia. That is roughly $7.1 billion USD, aimed at a province better known for lobster and lighthouses than for AI compute.
The plan was revealed on October 16, 2026. It is being billed as the largest privately funded investment in Nova Scotia’s history.
Where the money goes
The investment centers on EverWind’s Point Tupper site. Over C$8 billion is earmarked for developing, building, owning, and financing the data center campus.
The remaining C$2 billion goes toward expanding the company’s onshore wind portfolio.
The anchor of the deal is a 20-year lease signed with what EverWind describes as a “leading frontier AI developer.” The tenant has not been named.
The buildout is planned in stages. Phase 1 is a 95 MW data center expected to come online by late 2027.
AI, tech, and the markets they move—in one daily briefing.
Daily. Free. Join 34,000+ readers across crypto, finance, and policy.
A follow-on expansion aims to bring total capacity to 420 MW by 2028.
The ratepayer question
The project is designed so that the associated electricity infrastructure costs do not land on local ratepayers.
Battery storage is also being built into the plan to improve efficiency.
The economic projections are hefty. The project is expected to create around 2,000 construction jobs and 215 permanent positions.
Forecasts suggest the build could add approximately C$2 billion to provincial GDP during construction. Once fully operational, it is projected to generate around C$137 million annually.
On the tax side, corporate income tax over the first 20 years is anticipated to come in at approximately C$1.5 billion.