EverWind announced on 16 October 2026 plans for more than $10 billion in private investment in a data-centre campus at its Point Tupper industrial site in Nova Scotia, plus new onshore wind. The release splits that as more than $8 billion to develop, construct, own and finance the campus, alongside $2 billion to advance EverWind’s Nova Scotia wind portfolio. The release does not state the currency; do not convert the figures.
Capacity and phasing
The campus is planned to begin with an initial 95 MW phase in late 2027, followed by a 325 MW expansion targeted for 2028, subject to applicable commercial, technical and regulatory conditions — 420 MW at full development.
EverWind says it has reached a long-term lease agreement with a leading frontier AI developer for the initial phase. The customer is unnamed. CBC News reported the lease term is at least 20 years.
Wind, batteries and ratepayer framing
The $2 billion wind investment covers four projects in EverWind’s existing portfolio: Bear Lake, Windy Ridge, Kmtnuk and Upper Afton. The campus investment also includes several hundred MWh of battery storage. EverWind says it will fully fund all connection, network upgrade and other electricity-system costs attributable to the development so those costs are not passed to Nova Scotia ratepayers, and that the campus can reduce or stop drawing from the grid when needed.
The release says the planned expansion will not be connected until required system studies and approvals are complete. CBC reported that Nova Scotia’s Independent Energy System Operator studies all new projects before connection and did not specifically confirm capacity for this campus.
EverWind says its green hydrogen and ammonia plans at Point Tupper remain unchanged.
Water and jobs — design assumptions and projections
Under current design assumptions, EverWind expects closed-loop water–glycol cooling to use about 100,000 litres per day in phase one and about 500,000 litres per day at the 420 MW full build-out.
The company expects about 2,000 construction positions across the staged build-out and 215 permanent operating positions across the campus and wind portfolio. GDP and tax figures in the release — including about $2 billion provincial GDP during construction and about $137 million annually at full operation — are projections performed by Davis Pier; credit them as such.
EverWind also says negotiations are underway with a First Nations consortium led by Membertou Development Corporation for an ownership stake, subject to agreements. CBC separately reported a Membertou-fronted Mi’kmaw consortium negotiating a nine per cent equity stake.
Why it matters
A 420 MW AI campus with developer-funded grid upgrades and paired wind is Nova Scotia’s bid to host frontier compute without (on paper) dumping attributable network costs onto existing ratepayers. The unnamed tenant and pending system studies are the live risks: until both are public and approved, the megawatts and dollars remain a plan.
For other AI power deals structured around ratepayer protection, see NiSource’s 20-year Microsoft Indiana agreement. For earlier Canadian AI infrastructure colour, see TSN’s AI infrastructure check including Bell’s Regina plans.
What’s still unknown
- Named AI tenant and final lease terms
- Currency of the $10bn+ package
- Outcome of provincial system studies and any Membertou ownership close
What this means
- >$10bn private plan: >$8bn campus + $2bn wind (EverWind; currency unstated).
- 95 MW late 2027 → 325 MW 2028 target → 420 MW total, subject to conditions.
- Lease with unnamed frontier AI developer; CBC: ≥20 years.
- Jobs/GDP: Davis Pier projections; grid connection pending studies.
Sources
- EverWind via GlobeNewswire, “EverWind Announces $10 billion Investment in Point Tupper Data Centre Campus…”, 16 October 2026
- CBC News / Taryn Grant, “Nova Scotia to host massive data centre to power artificial intelligence”, 16 October 2026
Related stories
- NiSource Signs 20-Year Microsoft Deal for ~1,100 MW in Northwest Indiana
- AI Infrastructure Check: CoreWeave India, Bell Regina and More
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