A European energy giant Octopus Energy Generation Ltd. will spend as much as $6 billion to build and operate a renewable energy park in Nova Scotia. Octopus plans to use biomass …from forest-based industries to produce sustainable aviation fuel (SAF) it will sell to European customers. The processing for Nova Sustainable Fuels, as the Canadian subsidiary is known, will be done at a to-be-constructed renewable energy park in Goldboro, N.S. The site, estimated to cost between $4 billion and $6 billion, is expected to take about three years to build and have a 50-year lifespan. …With airlines seeking to decarbonize, the World Economic Forum reported in 2025 that the global demand for SAF is projected to grow exponentially, reaching 17 million tonnes annually by 2030. That represents four to five per cent of total jet fuel consumption. Parsons said the foundation of the project is based on supplying SAF to European markets.