Barbados has taken a major step toward sustainable energy with the signing of a Memorandum of Understanding (MoU) between the Barbados Investment & Development Corporation (BIDC) and climate tech firm Global OTEC.

The agreement, signed at the UN Ocean Conference in France, supports clean energy development in the island’s industrial estates and explores ocean thermal energy as an export commodity.

The Caribbean has long struggled with alternatives to fossil fuels. More than 90% of its electricity is generated by diesel, creating high costs and energy insecurity.

With limited land for solar and wind and frequent tropical storms, many Caribbean countries find themselves trapped in a costly and volatile energy system.

OTEC, which uses the temperature difference between warm surface water and cold deep water to generate power 24/7, offers a region-specific solution.

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