EverWind has announced a $175 million (CAD$240 million) strategic investment from Nuveen Energy Infrastructure Credit, the infrastructure credit investing business that is part of Nuveen, a global asset manager with $1.4 trillion in assets under management. The investment will advance construction of EverWind’s 650+ megawatt onshore wind portfolio and support delivery of the Point Tupper Green Fuels Project, positioning Nova Scotia as a major clean energy producer and exporter. The investment by Nuveen’s Energy Infrastructure Credit was made through its Energy Power Infrastructure Credit II (EPIC II) fund, which is anchored by several leading Canadian pension plans and insurance companies underscoring strong Canadian institutional support alongside global capital in financing EverWind’s development.

The transaction represents one of the largest private clean energy investments in Atlantic Canada and marks a pivotal transition from development to construction for one of Canada’s most advanced integrated renewable energy platforms. EverWind’s first phase of onshore wind, totaling more than 650 megawatts, represents over $2 billion of total capital investment in Nova Scotia. The transaction validates EverWind’s execution readiness while establishing a foundation to support the scaled development of several gigawatts of future renewable energy infrastructure across subsequent phases.

The funding follows extensive technical, commercial, and financial diligence, including technical diligence conducted by DNV, a leading independent energy advisor, and builds on years of investment in engineering, permitting, development, and partnerships.

Transaction Highlights:

• $175 million strategic (CAD$240 million) investment from Nuveen Energy Infrastructure Credit, marking one of the largest clean energy financings in Atlantic Canadian history and among the largest institutional renewables investments in Canada in 2026
• Over 650 MW of permitted, shovel-ready onshore wind generation across multiple Nova Scotia sites, sufficient to power approximately 200,000 homes annually
• Construction planned to commence 2026 with commercial operations targeted for 2028
• Hundreds of construction jobs and permanent operations positions created at construction start, with significant local procurement and supply chain development in Nova Scotia
• Indigenous consortium led by Membertou First Nation holds majority ownership in Phase 1 wind projects, representing one of Canada’s largest Indigenous equity stakes in renewable energy infrastructure
• Integrated platform with multi-gigawatt development portfolio connecting wind generation to Point Tupper, creating long-term clean power demand and enabling green hydrogen and ammonia exports to international markets

EverWind is advancing its projects through a carefully sequenced, phased development strategy that manages investment and execution risk while building toward a fully integrated clean energy platform. This approach sequences wind generation, grid infrastructure, and green fuels production as interconnected but independently viable stages, with each phase building on demonstrated operational success.

Phase 1 encompasses over 650 megawatts of new onshore wind generation across multiple Nova Scotia project sites. These grid-connected projects will deliver renewable power through Nova Scotia Power’s transmission system to the Point Tupper facility, expanding low-cost clean electricity supply for the province.  

The Point Tupper Green Fuels Project, North America’s most advanced green hydrogen facility will anchor significant long-term industrial power demand in Nova Scotia, enabling continued expansion of the province’s renewable generation base while establishing Nova Scotia as a globally competitive clean energy supplier and exporter. This will enable future gigawatt scale renewable energy and industrial developments across the province including at EverWind’s site in Point Tupper.