Swedish company Seabased has signed a three-party memorandum of understanding (MoU) with the Government of Grenada and SIDS DOCK to establish Grenada’s first utility-scale wave energy park. This landmark agreement marks a significant step towards harnessing renewable energy resources in the Caribbean.
Project Overview
The agreement outlines a phased project that will commence with a 2 MW pilot to demonstrate the viability of wave energy in enhancing economic and environmental resilience in Small Island Developing States (SIDS). The long-term objective is to scale up the pilot to a minimum of 10 MW, creating a sustainable model for island economies seeking dependable, clean energy alternatives to fossil fuels.
Commitment to Climate Resilience
This MoU aligns with Grenada’s ongoing commitment to climate resilience and sustainable development. The Government of Grenada aims to leverage its abundant ocean resources to meet and exceed the island’s energy demands.
Alan Barry, Director of Seabased, emphasized the significance of the agreement, stating, “Today’s MoU represents much more than an agreement—it embodies a shared commitment to harness the power of our oceans and transform that potential into tangible, sustainable benefits for island communities.”
Strategic Vision for Energy Security
Kerryne James, Minister of Climate Resilience, the Environment, and Renewable Energy for the Government of Grenada, highlighted the transformative potential of the MoU: “This MoU signing between the Government of Grenada, SIDS DOCK, and Seabased represents a transformative step in our strategic pursuit of one of the key pillars under Grenada’s Vision 75. Wave energy, as an innovative and scalable renewable energy source, embodies our commitment to climate resilience, energy security, and low-carbon economic growth.”
James further added, “Grenada stands committed to this endeavor, fully aware that our actions today will serve as a testament to the world that small island nations are powerful agents of change in the global energy landscape.”
Conclusion
The partnership between Seabased, the Government of Grenada, and SIDS DOCK marks a pivotal moment in Grenada’s energy strategy. By investing in wave energy, Grenada is taking significant steps towards a sustainable future, showcasing the potential of small island nations to lead in renewable energy initiatives.
