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EverWind Fuels to receive funding from Canadian government

Published by , Editorial Assistant
Global Hydrogen Review,

The Honourable Sean Fraser, Canada's Minister of Housing, Infrastructure and Communities, has announced, on behalf of the Honourable Mary Ng, Minister of Export Promotion, International Trade and Economic Development, federal government support for the green energy hub that EverWind Fuels is developing in Nova Scotia. EverWind and Export Development Canada have reached an agreement in principle on terms for a $125 million debt facility to support the project, pending final due diligence.

This loan will support clean power generation and clean hydrogen production that will be able to be exported to markets in Germany and around the world, as well as for domestic consumption.

Mike Kelloway, Member of Parliament for Cape Breton-Canso and Parliamentary Secretary to the Minister of Fisheries, Oceans, and the Canadian Coast Guard, said: “Nova Scotia is positioned to become a leader in the emerging green energy economy — and that bright future is beginning in places like Cape Breton-Canso. The sustainable job opportunities created by projects such as EverWind will have generational impacts within my riding. With that, our government is proud to be supporting green economic developments in our rural communities.”

Sean Fraser, Minister of Housing, Infrastructure and Communities, said: “Sustainability is about creating opportunities that are both environmentally and economically sustainable. This funding will help to launch EverWind's green energy hub, which through international partnerships, its world-class deep-water terminal in Point Tupper, and incredible wind power, represents an opportunity to create affordable green hydrogen for exports and for domestic decarbonisation.”

Mary Ng, Minister of Export Promotion, International Trade and Economic Development, added: “Today's investment in EverWind Fuels will ensure that Canada is a leading supplier of clean energy and technology to our international partners. It also supports Canada in continuing to make good on our commitments under the Canada-Germany Hydrogen Alliance, announced last year in Stephenville. I congratulate EverWind and all first nations and local partners involved in this project and look forward to continuing to maintain and increase Canada's competitiveness in the global clean economy.”

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