Seabased, a leader in renewable ocean energy solutions, 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. The landmark agreement, announced on Friday 15 November at COP 29, outlines a phased project that will begin with a 2MW pilot to showcase the potential of wave energy in driving economic and environmental resilience in Small Island Developing States (SIDS).
Seabased Director Alan Barry emphasized the broader significance of the collaboration, stating: "Today's 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." The project's long-term goal is to scale up the pilot to a minimum of 10MW, creating a model for island economies seeking reliable, clean energy alternatives to fossil fuels.
A Blueprint for Resilient Energy Solutions in Island Nations
This MoU comes as part of Grenada's ongoing commitment to climate resilience and sustainable development, with the Government of Grenada seeking to leverage its abundant ocean resources to meet and exceed the island's energy demands.
The Hon. Kerryne James, Minister of Climate Resilience, the Environment, and Renewable Energy of the Government of Grenada, 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. 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."
Seabased CEO Laurent Albert outlined the company's vision for Grenada: "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." The project is designed to generate clean, predictable wave energy, reducing Grenada's dependency on imported fossil fuels while providing potential pathways for green hydrogen production and seawater desalination.
Catalyzing Island-Led Solutions with Global Impact
The cooperation with SIDS DOCK, an intergovernmental organization dedicated to helping SIDS harness renewable energy, strengthens the MoU's impact by ensuring alignment with global sustainability goals.
Mr. Barry closed by emphasizing the company's commitment to Grenada's energy future: "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."
The MoU marks a significant milestone in sustainable ocean energy, promising not only to transform Grenada's energy landscape but also to serve as a model for SIDS globally. With support from SIDS DOCK, this cooperation showcases how island-driven, innovative solutions can meet the urgent challenges posed by climate change, strengthening energy independence and resilience for generations to come.
