The Canadian government has pledged its support for the green hydrogen and ammonia project led by EverWind Fuels, announcing an agreement in principle with Export Development Canada for a CAD 125 million debt facility.
The financial support is intended to facilitate clean power generation and hydrogen production, catering to both domestic and international markets, including Germany.
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The announcement was made by Sean Fraser, Canada's Minister of Housing, Infrastructure, and Communities, in Port Hawkesbury, Nova Scotia. The agreement underscores Canada's commitment to emerging clean energy technologies and aligns with the goals outlined in the Canada-Germany Hydrogen Alliance, established in Stephenville last year.
Today's $125 Million investment in the Everwind Fuels green hydrogen project will help create thousands of good paying jobs here in Nova Scotia and provide clean energy to our communities at home and to our partners around the world. pic.twitter.com/NT0CXXavZT
— Sean Fraser (@SeanFraserMP) November 17, 2023
Minister of Energy and Natural Resources, Jonathan Wilkinson, emphasized the significance of the CAD 125 million investment in EverWind Fuels, positioning Canada as a leading supplier of clean energy and technology globally.
The project aims to produce 200,000 tonnes of ammonia annually from its Point Tupper site by 2025. EverWind Fuels is concurrently developing three wind farms to power the initial phase of the project, with committed offtake agreements from E.on and Uniper.
