Marwynn Holdings Signs Non-Binding MOU with Grenada National Resort to Evaluate Solar-Powered AI Data Center Campus
Key Highlights
- ➤US$500 million indicative scale spans proposed solar and AI data center components
- ➤24-month exclusivity gives NexaCore time to evaluate Grenada site feasibility
- ➤Non-binding MOU carries no investment commitment; definitive agreements are not assured
- ➤Marwynn plans phased development, subject to feasibility, financing, demand, and land availability
- ➤NexaCore will pair solar generation, battery storage, and GPU-based computing capacity
Expert Statements
Yin Yan, CEO of Marwynn Holdings, Inc.
“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.”
Yin Yan, CEO of Marwynn Holdings, Inc.
“The MOU gives us 24 months of exclusivity to test that model through land, grid, and connectivity studies before we commit capital.”
Yin Yan, CEO of Marwynn Holdings, Inc.
“When we formed NexaCore in April, we described it as a measured step that would grow with the capital and equipment available to us.”
Yin Yan, CEO of Marwynn Holdings, Inc.
“Grenada is the first site where we can put that plan to work. We intend to develop the campus in phases, size each phase according to feasibility studies and financing support, and use it to serve AI customers in regional and international markets.”
IRVINE, Calif., Oct. 28, 2026 (GLOBE NEWSWIRE) -- Marwynn Holdings, Inc. (NASDAQ: MWYN) ("Marwynn" or the "Company") today announced that it has entered into a non-binding Memorandum of Understanding (the "MOU") with Grenada National Resort (the "Resort") to evaluate the development of the NexaCore AI & Renewable Energy Infrastructure Campus, a proposed solar power plant and artificial intelligence ("AI") data center on land within or associated with the Resort in Grenada. Marwynn's wholly-owned subsidiary, NexaCore Technologies, Inc. ("NexaCore"), will lead project development, technology implementation, and day-to-day execution under Marwynn's oversight.
The MOU gives NexaCore, which Marwynn formed in April 2026 to develop AI computing infrastructure and technical services, a specific site and a land partner to evaluate. The proposed campus would pair on-site solar generation and battery storage with GPU-based computing capacity, with the solar plant intended to supply the data center's power needs and, where commercially viable, sell surplus energy. The campus is intended to serve regional and international customers and may become a base for Marwynn's broader international business. The Resort, which represents a government-supported tourism and investment project in Grenada, intends to contribute or otherwise make land available for the project and to help coordinate with Grenadian authorities, utilities, and regulators.
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