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Swedish wave energy company Seabased has signed a memorandum of understanding (MoU) with the Government of Grenada and SIDS DOCK to establish Grenada’s first utility-scale wave energy park.
Unveiled on November 15 in Baku, the project will kick off with a 2 MW pilot phase, with plans to scale up to a minimum of 10 MW.
According to Seabased, the agreement aims to showcase how wave energy can bolster economic and environmental resilience in small island developing states (SIDS), helping Grenada transition away from fossil fuel dependency.
“This Memorandum of Understanding 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,” said Alan Barry, Director of Seabased.
Wave energy at the core of Grenada’s climate strategy
Grenada’s government is positioning the project as an important part of its broader climate resilience and sustainable energy strategy, Seabased noted.
“This Memorandum of Understanding signing between the Government of Grenada, SIDS DOCK, and Seabased Ltd. represents a transformative step in our strategic pursuit of one of the key pillars under Grenada’s Vision 75 – Energy, wave energy, as an innovative and scalable renewable energy source, embodies our commitment to climate resilience, energy security, and low-carbon economic growth,” said Kerryne James, Grenada’s Minister of Climate Resilience, the Environment, and Renewable Energy.
“This partnership underscores Grenada’s role as a global leader among Small Island Developing States in pioneering integrated energy solutions that address our unique challenges while creating opportunities for future generations. 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.”
Towards energy independence
Laurent Albert, Seabased’s CEO, said: “Our long-term vision is to transform Grenada from an energy importer to an energy exporter, using the abundance of its surrounding waters to drive economic opportunity and sustainability.”
According to Seabased, the project is expected to cut Grenada’s reliance on imported fossil fuels while paving the way for green hydrogen production and seawater desalination opportunities.
SIDS DOCK collaboration
SIDS DOCK’s involvement is said to ensure alignment with global sustainability goals, strengthening the project’s potential impact. SIDS DOCK, or the Small Island Developing States (SIDS) Sustainable Energy and Climate Resilience Organization, is a United Nations-recognized association representing small island developing states.
“Together, we are taking an important step to help Grenada—and island nations around the world—achieve a more secure, sustainable, and resilient energy future,” said Barry.
With this MoU, Seabased, Grenada, and SIDS DOCK aim to create a blueprint for wave energy projects that can be replicated across other SIDS, driving sustainable development and energy independence in the face of climate challenges.
Seabased is a renewable ocean energy company specializing in wave energy solutions. The company is also developing grid-connected wave energy parks in Barbados, Bermuda, and Martinique.
In June, Seabased Group and the Barbados Investment and Development Corporation (BIDC) signed a MoU to build a wave power park. One of the main reasons for building this wave power park is to support Barbados’ green hydrogen research and development since Barbados aims to lead the Caribbean in the green hydrogen transition. In March 2023, Seabased signed a MoU for the development of a 10 MW wave energy power plant offshore the Polynesian country and archipelagic state of Tonga. The plant is expected to provide half of Tonga’s energy needs and cut emissions by 20%. |
