Canada to Loan C$125 M to EverWind Project

Export Development Canada on Nov. 17 announced that it has reached an agreement in principle to provide C$125 million in financing for EverWind Fuels Co., Halifax, Nova Scotia, which is planning a major wind-powered green hydrogen/ammonia project for Port Hawkesbury, Nova Scotia. The product will be used both domestically and for export.

EverWind is hoping for its first green ammonia production as early as 2025. The first two phases of the project will produce a combined 1 million mt/y of green ammonia (GM Dec. 9, 2022).

German energy companies E.ON and Uniper have each signed a Memorandum of Understanding (MOU) to purchase 500,000 mt/y of green ammonia from the project (GM Aug. 26, 2022). Future phases would enable production of more than 10 million mt/y.

EverWind announced in September that it has also been awarded the exclusive right to pursue the development of a green fuels project on the Burin Pennisula of Newfoundland and Labrador.