Emissions & Environment, Energy Efficiency, Marine, Renewables, Strategic Development, Wind, World Regions

SIDS and Naval Energies sign MoU to promote blue-economy

The UN-recognized Small Island Developing States (SIDS) Sustainable Energy and Climate Resilience Organization, together with Naval Energies, have signed a Memorandum of Understanding to support development of Ocean Thermal Energy Conversion (OTEC) deep-sea conversion plants and offshore floating wind projects.

The collaboration is based on the recognition that the ocean is the largest renewable resource for SIDS and that renewable energy is vital to combat climate change and promote sustainable economic development for small island nations.

Deep-sea conversion plants will be used to produce electricity through an OTEC system. Offshore floating wind turbines will be powered by near-shore wind that will feed the islands’ grids with a reliable, sustainable and renewable new source of electricity, without land-related challenges.

Through this partnership, both SIDS DOCK and Naval Energies will closely cooperate with regional organizations, the small island countries and renewable energy stakeholders to promote the development marine renewable projects.

They will also gather experts and mobilize resources to perform site and feasibility studies in order to attract sponsors and investors to develop projects and help the SIDS transition to a Blue Economy.

The agreement was signed at the UN Economic and Social Council (ECOSOC) Chamber, held alongside the 74th UN General Assembly in New York City.

The Memorandum was signed by HE Ronald J. Jumeau, chair, Executive Council of SIDS DOCK and Laurent Schneider-Maunoury, CEO of Naval Energies. His Excellency Dr The Right Honourable Keith C. Mitchell, prime minister of Grenada and president of the SIDS DOCK and Dr Albert Binger secretary-general of SIDS DOCK were also present.

His excellency Dr The Right Honourable Keith C. Mitchell, Prime Minister of Grenada and President of the SIDS DOCK: “As the designated country with lead responsibility for promoting the Blue Economy in the Caribbean region, Grenada takes its responsibility seriously, and has already begun planning for the first OTEC facility in SIDS, and we believe that Naval Energies is the partner that can assist us with meeting this goal, and we look forward to the partnership”.

Mr. Laurent Schneider-Maunoury, CEO of Naval Energies said, “We are very pleased to sign this partnership with SIDS DOCK and look forward to a fruitful collaboration to develop marine renewable energies projects in small islands in the Caribbean, Pacific and Atlantic and Indian Oceans. The OTEC Deep-Sea Conversion onshore plants will highly contribute to supply islands with a unique combination of renewable electricity, air-conditioning, fresh water and aquaculture and will help address the energy-water-waste nexus. The generation of renewable electricity with floating offshore wind turbine shall also power the islands closed grid with a reliable new source of renewable energy with no land pressure”.