• 4 minutes What will the future hold for nations dependent on high oil prices.
  • 7 minutes Paris Is Burning Over Climate Change Taxes -- Is America Next?
  • 12 minutes OPEC Cuts Deep to Save Cartel
  • 15 minutes Venezuela continues to sink in misery
  • 4 hours End of EV Subsidies?
  • 4 hours Maersk's COO statment.
  • 10 hours Citi cuts Apple's price target
  • 10 hours Asian stocks down
  • 6 hours Japan Effectively Bans China’s Huawei, ZTE From Government Contracts, Joining U.S
  • 3 mins GOODBYE FOREIGN OIL DEPENDENCE!!
  • 8 hours USGS Announces Largest Continuous Oil Assessment in Texas and New Mexico
  • 15 hours China Builds LNG Icebreaker
  • 15 mins Price Decline in Chinese Solar Panels
  • 6 hours Oil prices may go up, but will be below $70 a barrel in FY19: Hindustan Petroleum Chairman
  • 2 hours Trump accuses Google Of Hiding 'Fair Media' Coverage of him
  • 7 hours Regular Gas dropped to $2.21 per gallon today

Richard Branson’s Renewable Playground for the Rich and Famous

Billionaire Richard Branson’s Necker Island for the rich and famous will go 75% renewable energy, with solar, wind and smart-technology energy storage in a massive new project dubbed “Demo Island”.

The project is being led by NRG Energy and Branson’s Virgin Limited Edition luxury resort group, and is called “Demo Island” because it intends to be the first example of breaking the dependency of expensive, luxurious Caribbean islands on fossil fuels, particularly diesel.

The Caribbean region has vast renewable resources but very low energy security and presently gets most all of its energy from plants burning imported oil and diesel.

The project is the brain child of Branson’s “Carbon War Room”, which in working on the “Ten Island Challenge”, of which Necker Island is only the first target.  

Related article: Bill Gates Backs Renewable Battery Startup

“While small compared to island nations, Necker is an ideal ‘guinea pig’ for the Carbon War Room’s Ten Island Challenge and will be able to show the potential of ‘state-of-the-art’ technologies in renewable energy,” Branson said in a statement.

According to NRG CEO David Crane, “retail electricity prices in the Caribbean are among the highest in the world, hindering economic development, job creation and quality of life.”

NRG will deliver a “renewables-driven micro-grid” to Necker Island, a small island of only 74 acres in the British Virgin Islands. The entire island can be rented out for a whopping $60,000 per night.

No specific details on the new micro-grid have been released yet.

On 4 February, the Necker Island “eco-resort” played host to a three-day renewable energy summit for Caribbean politicians and renewable power experts. Political delegations from 13 countries and territories attended.

"We're hoping to get a number of islands to sign up to get as carbon-neutral as they can over the next few years," Branson told the Associated Press in a phone interview from Necker.

By. Charles Kennedy of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
-->