EverWind Announces $10 billion Investment in Point Tupper Data Centre Campus and Renewable Energy Portfolio Across Nova Scotia

Privately financed development represents largest investment in Nova Scotia’s history and will create good local jobs, support community benefits while protecting electricity ratepayers and water resources

Point Tupper, Nova Scotia, Oct. 16, 2026 (GLOBE NEWSWIRE) — EverWind today announced plans for more than $10 billion in private investment in a data centre campus at its existing Point Tupper industrial site and new wind power generation in Nova Scotia. The planned investment includes more than $8 billion to develop, construct, own, and finance the campus, alongside $2 billion to advance EverWind’s Nova Scotia onshore wind portfolio.

The combined project portfolio represents the largest privately funded investment in Nova Scotia history and is expected to support approximately 2,000 construction positions across the staged build-out and 215 permanent operating positions across the data centre campus and wind portfolio.

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According to projections performed by Davis Pier, the full data centre development is expected to generate approximately $2 billion in provincial GDP during construction, including approximately $2.4 billion in direct construction spending in Nova Scotia. At full operation, the campus is expected to generate approximately $137 million in provincial GDP annually. Provincial corporate income tax is projected at approximately $1.5 billion over the initial 20-year term.

EverWind has reached a long-term lease agreement with a leading frontier AI developer for the initial phase of the Point Tupper campus.

The development is advancing with commitments to protect existing electricity ratepayers, safeguard local water resources, and deliver lasting community benefits. EverWind will fund the electricity infrastructure costs attributable to the project and work with all partners to establish a community benefit program worth tens of millions of dollars.

As of today, EverWind is pleased to join other project partners as a signatory to the Government of Canada’s Responsible Data Centre Development Principles. EverWind also fully endorses the conditions established by the Province of Nova Scotia and is committed to meeting — and where possible, exceeding — those expectations as the project advances.

“Point Tupper has supported industry in the Strait Region for more than 50 years. Today’s announcement represents major new investment in Nova Scotia’s digital and energy infrastructure and highlights the role Nova Scotians can play in driving Canada’s renewed economic ambitions, marking a new chapter for the site and creating opportunities for rural Nova Scotia,” said Trent Vichie, Founder and CEO of EverWind.

“For decades, Nova Scotians have helped build major projects across Canada, often leaving home to find well-paying work. With this investment, we’re creating more opportunities for people to find jobs and build their careers at home in rural Nova Scotia.”

“Responsible development means protecting ratepayers, safeguarding local water resources and delivering lasting benefits for communities,” Vichie added.