EverWind Nova Scotia Data Centre: $10B Campus Plans 95 MW by 2027

EverWind announced plans for a data centre campus in Point Tupper, Nova Scotia, that a long term lease with a frontier AI developer backs, in a $10 billion private investment the company calls the largest in the province's history. The October 16 announcement pairs an $8 billion build out of the campus with $2 billion for new onshore wind, and sizes the site at 420 megawatts at full development. For investors tracking where AI compute is actually being placed, this is a dated, dollar figure about power and capacity, not a product road map.

The initial phase draws 95 megawatts and is targeted for late 2027, with a 325 megawatt expansion aimed at 2028, subject to commercial, technical and regulatory conditions, according to EverWind's October 16 GlobeNewswire release. EverWind said it has reached a long term lease agreement with a leading frontier AI developer for that first phase, without naming it. The campus would expand Canada's domestic computing capacity at a moment when hyperscaler demand is outrunning grid and cooling supply across North America.

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The deal clears the threshold that makes this worth tracking: more than $1 billion in committed infrastructure and more than 300 megawatts of contracted capacity, both in a single named project. The financing is private, EverWind stresses, with the company owning and financing the build rather than offloading it to debt markets at a moment when AI infrastructure financing has repriced. That distinction matters because the cost of capital for data centres is the single biggest swing factor in the sector's economics right now.

The power picture is the crux. EverWind allocates $2 billion of the total to four onshore wind projects in its existing Nova Scotia portfolio: Bear Lake, Windy Ridge, Kmtnuk and Upper Afton. The campus also plans several hundred megawatt hours of battery storage and the ability to cut its grid draw to protect reliability. The company says the wind will serve the campus alongside existing industrial demand, positioning the development to help meet growing electricity load from AI.

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This is the part that bears watching. The initial 95 megawatt phase is targeted for late 2027 and the 325 megawatt expansion for 2028, but both remain subject to commercial, technical and regulatory conditions. EverWind is explicit that the expansion phase will not connect to the grid until required system studies and approvals are complete, with electricity system impacts still being assessed through provincial system planning. EverWind says it will fund the electricity connection and network upgrade costs the project causes so they are not passed to Nova Scotia ratepayers.

The economics the company projects are significant. Davis Pier projections cited by EverWind put provincial GDP contribution at about $2 billion during construction, with roughly $2.4 billion in direct construction spending; at full operation the campus would add about $137 million a year to provincial GDP, and provincial corporate income tax is projected near $1.5 billion over the initial 20 year term. Municipal tax revenue across the project lives is projected above $400 million.

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Two structural details place this inside the broader data centre build out. Membertou Development Corporation is in negotiations for an ownership stake in the campus, a structure that echoes the equity partnerships Indigenous communities have taken in renewable projects. And EverWind said it has joined the Government of Canada's Responsible Data Centre Development Principles as a signatory, an early test of how those principles translate into permitting for a project of this scale.

The build is expected to support roughly 2,000 construction positions across the staged phases and 215 permanent operating roles, the company said. The campus will also use a closed loop cooling system, with water use of about 100,000 litres a day in the first phase, rising to roughly 500,000 litres a day at full build, a figure EverWind frames as well under the safe yield of nearby Landrie Lake.

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What is dated next matters more than the renderings. The first 95 megawatt phase targets late 2027, meaning final investment decision and at-risk capital decisions land in the next 12 months. The 325 megawatt expansion, if it clears grid studies, roughly triples the campus in 2028. Both dates are conditional, and they will be repriced every quarter as construction, permitting and interconnection milestones hit or slip.

For readers who track AI infrastructure as a deployment curve rather than a narrative, the Point Tupper campus is one concrete data point: 420 megawatts of compute capacity, tied to a frontier lease and its own wind. The number that will decide whether this is a real build or a leasing exercise is the capacity factor of that wind portfolio and the price of capital over the next two years. Those are checkable, dated figures, and they are what this desk will follow.

Sources

EverWind, "EverWind Announces $10 billion Investment in Point Tupper Data Centre Campus and Renewable Energy Portfolio Across Nova Scotia," GlobeNewswire, October 16, 2026, globenewswire.com.

CBC News, "Nova Scotia to host massive data centre to power artificial intelligence," October 16, 2026, cbc.ca.

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