The Government of Grenada has signed a pivotal Memorandum of Understanding (MoU) to develop a wave energy pilot project in collaboration with Seabased Ltd. and SIDS DOCK.
This initiative underscores Grenada’s commitment to diversifying its energy portfolio and enhancing climate resilience through innovative renewable energy solutions. The signing ceremony, which took place during COP29, marks a significant milestone in Grenada’s journey toward sustainable energy independence.
Leadership in Renewable Energy
Since she was appointed Minister for Climate Resilience, the Environment, and Renewable Energy in 2022, Hon. Kerryne Z James has been instrumental in championing a diversified energy strategy for Grenada. Her leadership has been pivotal in integrating various renewable energy sources, including solar, geothermal, and wave energy, into the nation’s energy framework. Minister James stated, “Embracing a mixed energy portfolio is essential for Grenada’s sustainable development. By harnessing the power of our oceans through wave energy, we are taking a bold step toward reducing our carbon footprint and building a resilient energy future.”
Strategic Partnerships
Seabased Ltd., a leader in wave energy technology, brings extensive experience to this partnership. The company has previously collaborated with nations such as Barbados and Bermuda to develop wave power projects aimed at fueling green hydrogen production and enhancing energy security. SIDS DOCK, representing Small Island Developing States, plays a crucial role in facilitating sustainable energy projects that address the unique challenges faced by island nations. Their involvement ensures this initiative aligns with broader regional efforts to combat climate change and promote renewable energy adoption.
A Vision for the Future
Ambassador Jerry Enoe, Special Envoy for Oceans for the Government of Grenada, expressed his dedication to this project, stating, “We have been pursuing this project for over a year. Reaching the stage of the MoU signing is both gratifying and a testament to our commitment to harnessing ocean-based renewable energy as a key driver of climate resilience and emission reduction. By pioneering wave energy technology, Grenada and our partners are making bold strides toward a sustainable, low-carbon future for island nations.”
Global Context
Grenada joins a growing list of countries investing in wave energy technology. For instance, Eco Wave Power has signed agreements to develop wave energy projects in Taiwan, aiming to establish the nation’s first onshore wave energy power station. Similarly, Bermuda has partnered with Seabased Ltd. to develop a 40 MW wave energy power park, projected to supply approximately 10% of the island’s energy needs.
About Seabased Ltd.
Seabased Ltd. is a global leader in wave energy technology, specialising in developing wave power parks. The company’s proprietary technology generates stable and predictable power, enabling grid operators to increase the integration of renewable energy sources. Seabased has completed full-scale, grid-connected, multi-generator test parks on multiple continents and is preparing to launch commercial utility-scale wave-to-grid solutions.
About SIDS DOCK
SIDS DOCK is an initiative of the Alliance of Small Island States (AOSIS) designed to help Small Island Developing States transform their energy sectors into catalysts for sustainable economic development. It provides a platform for SIDS to collaborate on renewable energy projects, share best practices, and access financial and technical resources.
Looking Ahead
This MoU signifies a transformative step in Grenada’s energy landscape, reflecting a commitment to innovation, sustainability, and resilience. The collaboration between the Government of Grenada, Seabased Ltd., and SIDS DOCK sets a precedent for other island nations to explore and invest in wave energy as a viable component of their renewable energy strategies.
Office of the Prime Minister
