Ottawa – Sean Fraser, Canada’s Minister of Housing, Infrastructure and Communities, has announced on behalf of Mary Ng, Minister of Export Promotion, International Trade and Economic Development, an agreement to support a clean energy hub that EverWind Fuels is developing in Nova Scotia.
EverWind and Export Development Canada on behalf of the Government of Canada reached an agreement in principle on terms for a $125-million debt facility to support the project, pending final due diligence. The project will help put Atlantic Canada on the global stage as a leader in clean energy.
Hydrogen is expected to play a key role in meeting Canada’s net-zero goals. Under the Government of Canada’s plan to build Canada’s clean economy, more than 90 clean-growth projects with a total value exceeding $40 billion, including private investment, began over the past 3 years or will soon move forward into construction across Canada.
“With the global demand for hydrogen increasing, there is an opportunity for Canada to be a top supplier of hydrogen in a net-zero emissions world. The EverWind project will create good middle-class jobs and opportunities that are both environmentally and economically sustainable.”– Mary Ng, Minister of Export Promotion, International Trade and Economic Development