Seaweeds represent a promising and sustainable feedstock for biofuel production which raises increasing research interests. Their high availability, easy fermentable composition, and good degradation potential make them a suitable candidate for alternating fossil fuels as an advantageous energy resource. This comprehensive review aims to summarize and discuss data from the literature on the biochemical composition of seaweeds and its potential for biomethane and biohydrogen production, as well as to investigate the effect of the common pretreatment methods. Satisfactory yields comparable to terrestrial biomass could be obtained through anaerobic digestion; concerning dark fermentation, the challenge remains to better define the operating conditions allowing a stable production of biohydrogen. Finally, we propose a potential energy production scheme with the seaweed found by the Caribbean Islands of Guadeloupe and Martinique, as well as current techno-economic challenges and future prospects. An annual energy potential of 66 GWh could be attained via a two-stage biohythane production process, this tends to be promising in terms of energetic valorization and coastal management.