Marwynn Signs MoU for $500m AI Data Center and Solar Farm in Grenada

Marwynn Holdings has signed a non-binding Memorandum of Understanding with Grenada National Resort to explore the development of a solar plant and AI data center in Grenada, a project that would pair renewable generation directly with computing infrastructure in a region where power supply remains a critical constraint for AI deployment.

The proposed NexaCore AI & Renewable Energy Infrastructure Campus would be developed by Marwynn subsidiary NexaCore Technologies, which was formed in April 2026 specifically to develop AI data centers. The project would be completed in partnership with Grenada National Resort, a large-scale luxury tourism and real estate development located in Levera on Grenada's northern coast. HSG International, the international spin-off of Sequoia Capital China, is building and managing the resort development.

Under the envisioned configuration, solar generation and battery storage would supply the AI data center directly, with surplus power sold onto the grid where commercially viable. The companies estimated the project would cost approximately $500 million across the solar and data center components, with no fixed split between them. Marwynn cautioned that this figure is a planning estimate rather than a commitment, and that actual investment could be lower or structured differently. No power capacity has been disclosed, with final capacity, site configuration, and commercial structure to be determined following feasibility studies.

The resort intends to contribute or otherwise make land available for the project, though the size and value of the land have not been determined. The MoU establishes a 24-month term during which the resort will not negotiate with third parties on a similar project without Marwynn's consent. Either party may terminate on 30 days' notice, and Marwynn can end the agreement immediately if it determines the project is not feasible. Any government approval or incentive remains subject to Grenadian law, and grid interconnection would be coordinated with local utilities and require their approval.

"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," said Yin Yan, CEO of Marwynn Holdings. "The MoU gives us 24 months of exclusivity to test that model through land, grid, and connectivity studies before we commit capital."

Marwynn said it may source GPUs directly or through NexaCore from unnamed technology providers. Financing could come from project equity, strategic and institutional investors, infrastructure funds, project and equipment financing, and capital markets transactions. Following the agreement, NexaCore plans to commence technical, environmental, land and title, energy, connectivity, and financial evaluations.

The initiative reflects a growing industry trend of co-locating power generation with AI computing infrastructure, particularly in island and remote markets where grid capacity is limited and energy costs are high. By sizing generation and computing capacity together from the outset, the project aims to avoid the interconnection delays and power procurement challenges that have become a bottleneck for data center development globally. Marwynn, a diversified holding company incorporated in 2024 and headquartered in Irvine, California, is positioning the Grenada project as a test case for an integrated energy-and-compute model that could be replicated in other power-constrained regions.