New York-based Nuveen Energy Infrastructure Credit provided the financing. The money will go toward building wind turbines to power a hydrogen ammonia plant in Richmond County, Nova Scotia. (The Logic)

Talking point: A group of local First Nations led by Membertou own a 51 per cent stake in phase one of the project. EverWind says the turbines at its four planned wind farms will generate more than 650 megawatts of electricity. The company will use that to produce hydrogen power and turn it into ammonia, which is easier to ship. Europe has been looking to Canada for sources of renewable hydrogen and its derivatives. In January, the European Union committed €200 million to help produce the energy, with the expectation that the Canadian government would match its funding. Many hydrogen projects have struggled to get off the ground, however. Last month, the Newfoundland and Labrador government said it wouldn’t renew land reserves for EverWind and two other wind-powered hydrogen operators in the province, after they failed to pay more than $34 million in combined fees to the government.