Deals Counterparts

Ontario Power Generation and Port Hope partner for new nuclear generation at Wesleyville site

Partnership Nuclear announced Port Hope, Canada Feb 17, 2026
CAD235B
Deal Value
10 GW
Capacity
development
Stage
Wesleyville nuclear project
Project

Ontario Power Generation has signed a partnership agreement with the city of Port Hope focused on bringing large-scale new nuclear generation to the utility’s Wesleyville location, with the potential to generate as much as 10 GW of electricity.

Source Intelligence

KEY DETAILS

OPG submitted its initial project description to the Impact Assessment Agency of Canada for approval in January. Quote: OPG submitted its initial project description to the Impact Assessment Agency of Canada for approval in January. OPG has provided more than C$4 million (almost $3 million) in “growth readiness funding” to Port Hope. Quote: OPG has provided more than C$4 million (almost $3 million) in “growth readiness funding” to Port Hope to help the community prepare for the workload of the impact assessment process and the beginning stages of the project, as well as C$500,000 ($365,700) for staffing requirements related to the project work.

Deal Size
will contribute an estimated C$235 billion (nearly $172 billion) to Ontario’s gross domestic product over the power plant’s projected 78-year lifespan
Capacity
this site has the potential to generate as much as 10 GW of electricity
Location
Agreement signed to bring “world’s largest nuclear station” to Port Hope, Ontario
Announcement
February 17, 2026, 9:58AM
PARTIES MENTIONED IN SOURCE
O
Ontario Power Generation developer

"Ontario Power Generation has signed a partnership agreement with the city of Port Hope focused on bringing “large-scale new nuclear generation” to the utility’s Wesleyville location"

P
Port Hope developer

"Ontario Power Generation has signed a partnership agreement with the city of Port Hope focused on bringing “large-scale new nuclear generation” to the utility’s Wesleyville location"

high quality Enriched Feb 19, 2026

Timeline

Announced
Feb 17, 2026
Signed
Closed

Market Context

This deal is part of the Nuclear sector in Canada.
64
Nuclear deals
78
deals in Canada
1 of 63 Nuclear deals tracked this month · Updated daily

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