Anthropic has signed a 20-year lease with EverWind Fuels for a campus in Nova Scotia, a project valued at about C$10 billion. Phase one brings 95 MW online by late 2027, rising to 420 MW by 2028, with roughly 2,000 construction jobs during the build.
Read it in megawatts, not dollars
The dollar figure is the one that makes headlines; the megawatts are the one that explains the decision. 420 MW is a substantial fraction of a small province's generating capacity, and the reason a frontier lab signs a twenty-year lease in Nova Scotia rather than somewhere closer to its engineers is that the binding constraint on AI buildout is now electricity.
EverWind Fuels is a green hydrogen and renewables developer, which is the rest of the explanation. The site comes with a power story attached, and that is increasingly what gets a data centre approved at all.
Twenty years is the part to notice
A twenty-year commitment on infrastructure for an industry that re-architects its hardware every eighteen months is a bet that power is the durable asset, whatever runs on it. The GB200s in that building will be obsolete long before the lease is up. The grid connection will not be.
It also lands the same week San Francisco signed a 45-day data centre moratorium that could extend toward two years. Capacity is moving to where it is welcome, and jurisdictions are discovering they have a say in that only once.
Sources: The Star