Richard Branson's Renewable Playground for the Rich and Famous

Richard Branson's Necker Island is a land of renewable energy.

Feb 9, 2014 at 9:17AM

This article was written by Oilprice.com -- the leading provider of energy news in the world. Also check out these recent articles:

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 currently gets most all of its energy from plants burning imported oil and diesel.

The project is the brainchild of Branson's "Carbon War Room," which in working on the "Ten Island Challenge," of which Necker Island is only the first target.  

"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 Feb. 4, 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.

America's energy boom is far from over
Record oil and natural gas production is revolutionizing the United States' energy position. Finding the right plays while historic amounts of capital expenditures are flooding the industry will pad your investment nest egg. For this reason, the Motley Fool is offering a comprehensive look at three energy companies set to soar during this transformation in the energy industry. To find out which three companies are spreading their wings, check out the special free report, "3 Stocks for the American Energy Bonanza." Don't miss out on this timely opportunity; click here to access your report -- it's absolutely free.

Written by Charles Kennedy at Oilprice.com.

The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Money to your ears - A great FREE investing resource for you

The best way to get your regular dose of market and money insights is our suite of free podcasts ... what we like to think of as “binge-worthy finance.”

Feb 1, 2016 at 5:03PM

Whether we're in the midst of earnings season or riding out the market's lulls, you want to know the best strategies for your money.

And you'll want to go beyond the hype of screaming TV personalities, fear-mongering ads, and "analysis" from people who might have your email address ... but no track record of success.

In short, you want a voice of reason you can count on.

A 2015 Business Insider article titled, "11 websites to bookmark if you want to get rich," rated The Motley Fool as the #1 place online to get smarter about investing.

And one of the easiest, most enjoyable, most valuable ways to get your regular dose of market and money insights is our suite of free podcasts ... what we like to think of as "binge-worthy finance."

Whether you make it part of your daily commute or you save up and listen to a handful of episodes for your 50-mile bike rides or long soaks in a bubble bath (or both!), the podcasts make sense of your money.

And unlike so many who want to make the subjects of personal finance and investing complicated and scary, our podcasts are clear, insightful, and (yes, it's true) fun.

Our free suite of podcasts

Motley Fool Money features a team of our analysts discussing the week's top business and investing stories, interviews, and an inside look at the stocks on our radar. The show is also heard weekly on dozens of radio stations across the country.

The hosts of Motley Fool Answers challenge the conventional wisdom on life's biggest financial issues to reveal what you really need to know to make smart money moves.

David Gardner, co-founder of The Motley Fool, is among the most respected and trusted sources on investing. And he's the host of Rule Breaker Investing, in which he shares his insights into today's most innovative and disruptive companies ... and how to profit from them.

Market Foolery is our daily look at stocks in the news, as well as the top business and investing stories.

And Industry Focus offers a deeper dive into a specific industry and the stories making headlines. Healthcare, technology, energy, consumer goods, and other industries take turns in the spotlight.

They're all informative, entertaining, and eminently listenable. Rule Breaker Investing and Answers are timeless, so it's worth going back to and listening from the very start; the other three are focused more on today's events, so listen to the most recent first.

All are available for free at www.fool.com/podcasts.

If you're looking for a friendly voice ... with great advice on how to make the most of your money ... from a business with a lengthy track record of success ... in clear, compelling language ... I encourage you to give a listen to our free podcasts.

Head to www.fool.com/podcasts, give them a spin, and you can subscribe there (at iTunes, Stitcher, or our other partners) if you want to receive them regularly.

It's money to your ears.

 


Compare Brokers