Marwynn Holdings has signed a non-binding memorandum of understanding (MoU) with Grenada National Resort to assess the development of a solar-powered AI data centre campus in Grenada, targeting an indicative investment scale of nearly $500m.
Under the agreement, Marwynn’s wholly-owned subsidiary, NexaCore Technologies will direct technical planning, implementation, and day-to-day operations for the proposed NexaCore AI & Renewable Energy Infrastructure Campus.
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Formed by Marwynn in April 2026 to build computing infrastructure, NexaCore Technologies will examine pairing high-density graphics processing unit clusters with co-located photovoltaic generation and battery storage facilities.
The proposed data centre facility is designed to provide high-performance computing, AI training, inference capacity, and managed cloud hosting to regional and overseas clients.
Dedicated energy storage systems are planned to balance solar output with computational power loads, with surplus generation potentially sold through commercial offtake arrangements.
The campus plan also encompasses specialised cooling infrastructure, telecommunications links, and cybersecurity systems.
Marwynn Holdings CEO Yin Yan said: “Power supply is the hardest constraint in AI infrastructure. In Grenada, we have a land partner and a site where we can evaluate building generation and computing capacity together, sized to each other from the start.
“The MOU gives us 24 months of exclusivity to test that model through land, grid, and connectivity studies before we commit capital.”
The agreement establishes a 24-month exclusivity window, preventing Grenada National Resort from entering talks with third parties regarding competing data centre or energy schemes.
Grenada National Resort, a government-supported tourism and investment project, intends to provide land and assist in coordinating with local utilities and regulatory bodies.
The preliminary pact does not create a binding commitment on the Government of Grenada.
Marwynn Holdings noted that the $500m figure serves as a preliminary planning estimate rather than a capital commitment, with final expenditure dependent on technical results and capital sourcing.
NexaCore Technologies will now conduct environmental, connectivity, grid, and financial feasibility assessments.
Either organisation may exit the agreement upon 30 days of written notice, with binding obligations contingent on definitive legal agreements.
