select
|

Richard Branson’s private island transitions to renewable energy

Necker Island in the Caribbean, owned by Sir Richard Branson, will shift to 75% renewable energy by the end of 2015.



There are many benefits to owning your own private island, one of them however is not the amount of money you have to spend on providing power to your little slice of heaven. Branson has inked a deal with NRG Energy to build a system that manages solar, wind diesel power on the 74-acre island.

“People no matter what socioeconomic level are paying 40 to 55 cents a kilowatt hour as opposed to in the U.S., six cents to 20 cents,” NRG Energy chief executive David Crane said. “It’s relatively easy with renewable-driven solutions to save people money because they’re paying so much.”

Branson had said that by switching to renewable energy will cut down his electricity bill by 40%. However because it is still very expensive to store wind and solar energy in batteries, the island will not become a 100% renewable just yet.

He did say that if technology advanced to the point where it would be financially feasible to switch over to 100% renewable, he would definitely transition into relying solely on solar and wind power.

The project is part of the Ten Island Renewable Challenge, in which Caribbean islands will attempt to end their reliance on fossil fuels.

Branson hopes a commitment to renewable energy in the Caribbean Islands will encourage the world’s largest countries to better embrace renewable energy.

“I think it’s important that island states get their own fuel and can turn to bigger countries and say, ‘Please do something, because we love our islands; we don’t want to see our reefs destroyed or water levels rising,’ ” Branson said. “It could be a tremendous benefit to Caribbean economies, and it can save a lot of individuals quite a lot of money.”

The remote island can be booked for vacations by visitors. Google chief executive Larry Page was married on the island last summer.

Take a look at the island in the video below



  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 19 Jun 2018
      In the current market, letting out a property can be a good option as rental demand remains strong, especially in the northern suburbs of Johannesburg. This is according to Chris Renecle, MD of Renprop. However he says that before homeowners let their property out, there are five key points they should make sure are covered before they market the property for rent and sign any lease agreements.
    • 19 Jun 2018
      The Capetonian dream is to live by the ocean with the iconic mountain making an appearance somewhere in the horizon. But, that dream comes with a hefty price tag that many simply cannot afford. But, should you venture some kilometres out of the city centre, entirely new realms of beachside bliss await you …
    • 19 Jun 2018
      Douw Steyn, one of the richest men in the country, recently allowed a rare glimpse into his Fourways Palazzo when it was featured on the SABC lifestyle programme Top Billing - and it is beyond your wildest dreams!
    • 18 Jun 2018
      Many home sellers are motivated to appoint estate agents because they know that the agency will carry the costs of advertising and marketing their property.
    • 18 Jun 2018
      When a property is sold when it has a tenant in occupation, the questions often raised are: “What happens to the tenant if the landlord sells the property?”, and what rights the tenant will have with regards to cancelling the lease or enforcing it, says Sunell Afrika, rentals manager for SAProperty.com.
    • 18 Jun 2018
      Sellers are often caught off-guard by the expenses incurred in the selling of a property. Just like there is no such thing as a free lunch, there is also no such thing as selling your property without incurring at least some costs.
    • 15 Jun 2018
      The second quarter of 2018 has proven to be the turning point for Midrand’s real estate market, especially the upper end which started to waver towards the end of a tumultuous 2017 with a notable drop in both sales and average selling prices.
    • 15 Jun 2018
      According to data recently released by FNB, the average age of a South African home buyer has increased from 38 to 44 this year. In an attempt to help first-time buyers enter the market sooner, Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, walks us through the steps of saving for your first home.
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK