The wave energy development coincides with a surge in utility-scale solar and battery storage projects across the region. In the Bahamas, the Ministry of Energy has opened a prequalification process for developers to build solar PV systems paired with battery energy storage systems. The tender is split into two lots covering several islands: Mayaguana and Inagua, and Acklins, Crooked and Long Cay. Combined, the packages include 6.4 MWp of solar, 18 MWh of storage and backup gensets, and are expected to be completed within 18 months as part of a $80 million IDB-financed energy reconstruction and resilience program.

Entry Points for Investors

The Barbados wave pilot and the Bahamas solar-storage tender illustrate two complementary investment fronts in Caribbean clean energy. Solar + storage projects provide short- to medium-term grid stabilization with immediate cost savings and reliability, while marine renewables deliver long-term baseload capacity, offering predictable power and a blueprint for future expansion.

Caribbean Energy Week (CEW), scheduled for March 30–April 1, 2026, in Paramaribo, will provide a strategic platform to showcase these projects, connect investors and developers, and accelerate capital deployment. A highlighted panel, “Decarbonizing the Caribbean Power System,” will explore how geothermal, offshore wind, hydrogen and solar can integrate to achieve energy independence. By bringing together governments, investors and technology providers, CEW 2026 aims to turn pilots and tenders into operational successes, foster regional collaboration and demonstrate the viability of scalable renewable energy across island grids.

Barbados’ wave energy pilot and the Bahamas’ solar-storage projects show that Caribbean renewable energy is moving from planning to concrete, investible projects. Together, they offer a clear path to reducing diesel dependency, lowering costs and attracting international capital, signaling a new era of energy innovation and opportunity in the region.

Join us in shaping the future of Caribbean energy. To participate in this landmark event, please contact sales@energycapitalpower.com.