Global leader in floating power generation, Karpowership — which owns the world’s only full fleet of powerships and operates 45 floating power plants with a combined 8,500 megawatts of installed capacity across four continents — has announced its official market entry into Mexico via a new 250MW project aimed at shoring up the Yucatan Peninsula’s struggling electrical subsystem, one of the country’s fastest-growing regions in terms of energy demand.
This landmark move marks a major milestone in the firm’s ongoing regional expansion across Latin America and the Caribbean, a geographic zone where Karpowership has steadily built out its footprint in high-priority markets grappling with four core energy challenges: surging consumer and industrial demand, the urgent need for flexible generation capacity, improving grid resilience, and the gradual integration of variable renewable energy sources.
The Mexican initiative will be advanced in close partnership with Mexico’s federal energy regulators and the state government of Quintana Roo, where the project will be sited. Under Karpowership’s integrated “LNG-to-Power” model, the company will moor its powership alongside an existing liquefied natural gas terminal vessel, a configuration that allows the facility to deliver dispatchable energy to the grid rapidly, with adjustable output and consistent reliability.
The company’s expansion into Mexico comes as a direct response to the Yucatan Peninsula’s breakneck economic and population growth, a boom fueled by the region’s booming tourism sector, rapid urban expansion, and large-scale public and private infrastructure development. The project is specifically engineered to provide backup and supplemental capacity to the regional grid during periods of peak demand, annual hurricane season, and scheduled grid maintenance. Critically, the floating infrastructure can be fully deployed in a matter of months and repositioned to other locations if energy needs shift over time.
Across the Caribbean, the Dominican Republic remains one of Karpowership’s most vital established markets. To date, the company has deployed 408MW of installed capacity across the country — equal to roughly 10% of the Dominican Republic’s total firm national generation capacity, enough output to power more than one million Dominican households. Since launching operations in the Azua region, Karpowership has been a key contributor to the stability and resilience of the Dominican grid, delivering flexible generation capacity amid steady demand growth, broad national economic expansion, growing tourism-related energy needs, and the ongoing transition to higher shares of renewable energy. The company’s presence in the country forms a core part of its regional strategy to deliver fast-deployment, high-availability energy solutions to strengthen strained power systems.
Karpowership has also deepened its footprint in Ecuador, where it recently expanded its total generation capacity to 300MW to support the country through a severe national energy crisis triggered by widespread drought that crippled the nation’s hydroelectric generation output.
These diverse regional operations underscore Karpowership’s growing role as a go-to energy partner for markets that require urgent, targeted responses to surging demand, extreme weather events, or shortfalls in conventional generation capacity. On a global scale, the company develops custom floating energy solutions that integrate on-vessel power generation, marine infrastructure, and dedicated natural gas supply chains, allowing it to rapidly meet the evolving needs of countries and power systems undergoing energy transition.
With its new market entry into Mexico and its already well-established position in key markets including the Dominican Republic and Ecuador, Karpowership continues to solidify its standing across Latin America and the Caribbean as a flexible, reliable energy alternative that supports core regional goals: strengthening national energy security, maintaining grid stability, and enabling sustained economic development across the region.









