Prime Minister Dickon Mitchell used the Grenada Diaspora Homecoming Forum to unveil an ambitious investment agenda centred on Vision 75, inviting Grenadians abroad to help develop industries he believes could redefine the country’s economy over the next quarter century-from renewable energy and geothermal development to offshore oil and gas exploration.

Throughout his address, PM Mitchell repeatedly returned to one message: Vision 75 will require significant private investment, technical expertise and strategic partnerships. Members of the diaspora, he argued, have a central role to play, not only as investors, but as advisers, innovators and industry leaders across a range of sectors.

Among the most significant opportunities presented was the government’s renewed push to explore Grenada’s offshore hydrocarbon potential, an initiative Mitchell suggested could prove transformative for the country’s long-term development.

“We are asking you to help us co-author this transition,” he told delegates, describing the diaspora as critical partners in delivering the ambitions of Vision 75.

Mitchell revealed that the government has spent the past two and a half years quietly advancing work to better understand Grenada’s offshore energy resources.

“We have set up a technical working group led by the Minister of Finance… together with a team of experts from all over the world who spent the last two and a half years doing enormous work on gathering all of the data for Grenada’s hydrocarbon resources,” he said.

While stressing that no commercial discoveries have yet been confirmed, Mitchell said the government believes Grenada has compelling reasons to investigate what lies beneath its territorial waters.

“We are located in a part of the Caribbean Sea that I think we feel instinctively must have hydrocarbon deposits beneath our oceans,” he said.

Mitchell argued that Grenada’s location within an increasingly significant hydrocarbon basin makes exploration a logical next step, pointing to neighbouring Trinidad and Tobago, Venezuela, Guyana and Suriname—all countries with established or emerging offshore energy industries.

“We are close to Trinidad and Tobago… We are close to Venezuela… We are close to Guyana and Suriname,” he noted. “So why not Grenada?”

“That is the question we are intent on answering.”

Mitchell acknowledged that oil and gas exploration may appear at odds with Grenada’s simultaneous push toward renewable energy, another major pillar of Vision 75.

Earlier in his address, he outlined investment opportunities in utility-scale solar energy, geothermal development and the broader transition away from fossil fuels, revealing that two geothermal sites have already been identified in Saint John and Saint Patrick, with test drilling expected to begin during the first half of 2027.

Rather than presenting the two strategies as competing priorities, however, the Prime Minister argued that both are essential to strengthening Grenada’s long-term energy security.

“Energy security is a platform upon which the rest of Vision 75 can be built,” he said.

He also sought to reassure delegates that any future hydrocarbon development would be pursued responsibly, insisting that environmental protection would remain paramount.

“We will not compromise our beaches. We will not compromise our environment,” Mitchell said.

“But it will be a complete abdication of our responsibility to the next generation of Grenadians if we do not pursue this in a transparent and commercially viable manner.”

The Prime Minister also acknowledged public concerns stemming from previous discussions surrounding offshore exploration, promising that his administration intends to take a different approach.

“We are intent on correcting this,” he said.

“That is why we will be open and transparent about both our methodologies and about the partners that we are seeking.”

Mitchell also made a direct appeal to the Grenadian diaspora, encouraging overseas nationals to become involved not only as investors, but as partners in shaping the policies, regulatory frameworks and industries that would support any future energy sector.

“We want to ensure that local content is paramount,” he said, arguing that Grenadians should be positioned to benefit directly from any future discoveries.

He described the opportunity as extending well beyond resource extraction itself, suggesting that engineering, legal services, finance, environmental management and technical expertise could all play important roles in the development of a modern energy industry.

For Mitchell, the conversation ultimately extends beyond oil and gas.

Throughout his Vision 75 presentation, he repeatedly challenged the diaspora to think differently about their relationship with Grenada-not simply as supporters returning home, but as partners helping to build the country’s future.

Oil and gas was only one component of a much broader investment agenda. Throughout his presentation, Mitchell identified opportunities across renewable energy, housing, agriculture, healthcare, technology and financial services, arguing that Vision 75 would ultimately depend on more than government policy alone.

“The opportunities are there,” he told delegates.

“The partnership is open to you.”