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Billionaire Moguls Fighting for and Against Renewable Energy

James Montgomery, Associate Editor, RenewableEnergyWorld.com
February 14, 2013  |  13 Comments

Two of the most recognizable wealthy businessmen in the Western World appear to have very different opinions on the viability of renewable energy.

On the one hand is Richard Branson, UK billionaire mogul and founder of the Carbon War Room, which has just launched an RFP for a renewable energy project in the British Virgin Islands. The stated goals of the RFP for Branson's home of Necker Island are to "reduce and/or eliminate the use of fossil fuels for electricity," with "systems that provide savings and reduce costs on the island." This project follows up on a pledge issued at last summer's Rio+20 United Nations Conference to help 10 island nations around the world reduce their dependence on fossil fuels by 2020. (Necker Island doesn't count in that effort, but rather would be a centerpiece of inspiration for other islands to implement renewable energy, according to Reznick Think Energy, one of the partners in the project.)

The RFP for Necker Island involves two phases of bids. The first encompasses a 750 kilowatt solar PV project in an open field, plus 8 kW of PV on the "Great House" and two solar carports capable of electrical vehicle charging. A second phase of bids will target a 100-350 kW wind turbine system, a "comprehensive smart grid system" with "significant load controls and batteries," and energy supply and management services.

Once nondisclosure agreements are signed (and up-front fees are paid), RFP respondents will be able to tour the site in March; proposals are due in early April, with winning bidders announced in May and contracts signed by mid-June. As an incentive for smaller vendors, they'd get a 30% discount on the up-front fees, which range up to $5000 for the entire RFP.

Meanwhile, on the other side of the renewable energy table is the inimitable Donald Trump, long a wind-power critic, who continues to fight a proposed offshore wind farm off the coast near his Scottish golf course resort. An exec in charge of the mogul's property development project reignited tensions this week, confirming that they will pursue lengthy appeals against the European Offshore Wind Deployment Center's proposed £230 million project, which is currently under consideration by government officials.

"We will be able to prevent construction," stated George Sorial, indicating that appeals could extend all the way to London. "We are confident they will never be built."

Trump Golf Scotland opened last summer, and its owners recently filed plans to build a second course on the 1400-acre estate at Balmedie, north of Aberdeen Bay where the proposed wind turbine project would be located.

Despite the bluster from such onshore critics, Scotland is pressing ahead with its adoption of wind power. The nation handily beat its 35 percent target for renewable energy installed capacity in 2011, and has a new goal of 50 percent by 2015.

Lead image: Businessman thumbs up and thumbs down, via Shutterstock

13 Comments

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Howard Phillips
Howard Phillips
February 28, 2013
The world's first CC-HOD hardware and equipment-design conference, April 8, 2013, is based on the demonstration of hydrogen production at 30 gallons/minute using water and scrap materials. Primary purpose of this conference is to host a meeting where hardware designers and R&D product development professionals will be briefed on new CC-HOD methods useful for generating hydrogen at commercially-useful rates. For time, date and agenda for the conference, please see www.PhillipsCompany.4T.com/REG.pdf

The world's first process using catalytic carbon for producing hydrogen-for-fuel from scrap materials was demonstrated earlier this year. A Hydrogen Design Conference will be held on April 8, 2013 to transfer this technology to any company wanting cell design guidelines for commercialization of this technology. Using a new technology, called CC-HOD, hydrogen was produced at several output rates, up to approximately 30 gallons per minute of hydrogen. For a report on this demonstration, please see www.PhillipsCompany.4T.com/CD.pdf

The CC-HOD method for producing hydrogen has the following characteristics:
1. Results in more energy when the hydrogen is used (combusted, burned) than the energy required to generate the hydrogen, and
2. Uses only low-cost and friendly materials (carbon and fuel), and
3. Uses only two fuels — aluminum and water, and
4. Can generate ANY rate (LPM, GPM) of hydrogen, limited only by the hardware design, and
5. Because of the above, eliminates the need for hydrogen storage tanks for most applications, and
6. Can output hydrogen, directly from the cell, at ANY pressure, limited only by the hardware design, and
7. Can produce the hydrogen ON DEMAND, or "HOD."
More info: www.PhillipsCompany.4T.com/HYDROGEN.html
DUNCAN JIM
DUNCAN JIM
February 16, 2013
I cannot believe that Renewable Energy World would even waste the bandwidth to mention Donald Trump.
terry hallinan
terry hallinan
February 16, 2013
Scott Sklar,

"two other billionaires vigorously support renewable energy - Warren Buffet who has invested in wind and solar projects recently. George Soros has a Green Fund"

Ummm. When Warren Buffett was wildly hailed for his investment in geothermal, most of the income Calpine was receiving to get out of bankruptcy was from natural gas power plants after selling off the coal-burning power plants. Natural gas is a fossil fuel that may be more poisonous to the planet than coal.

Liberal activist George Soros is unafraid to get his hands dirty:

"As of the most recent regulatory filings Soros' top-15 U.S.-listed equity holdings included just one alternative energy play, waste to energy firm Covanta (CVA). However his sizable stakes in fertilizer plays Potash (POT) and Monsanto (MON) could see an uptick if billions were invested in the agricultural segment of developing nations.

Elsewhere Soros was invested in oil stocks Hess (HES), Brazilian Petroleum (NYSE: PBR-A, PBR-B), Suncor (SU), and Interoil (IOC)."

http://www.tickerspy.com/newswire/?p=1185

After all, money is green no matter where it comes from.

Best, Terry
Nova Scotia Doug
Nova Scotia Doug
February 16, 2013
...@Scott - Sklar....excellent points...the "Warren Buffets" with the "smart money" will always seek to invest in the products that lead to the best future market supply, and everything says consumer choices and demand wants clean renewable energy. Businesses exist because they turn a profit for supplying products or services we all need and can afford - it's a win win!...In a knowledge based society so accepting of improved technology solutions, our level of awareness on issues that affect us, is continually evolving, hence the consumer demand for clean technology solutions -- however, as Scott correctly highlights for us in the above comment - those business with "not so smart money" invested in the products that face market share decaying into the future will pay others to provide services for profit to confuse,trick or disinform public awareness and knowledge about the best choices, and so by intent, they delay a cleaner future for us all!
Scott Sklar
Scott Sklar
February 16, 2013
Actually, two other billionaires vigorously support renewable energy - Warren Buffet who has invested in wind and solar projects recently. George Soros has a Green Fund supporting these kind of projects. Of course the right-wing Koch brothers are investing in non-profits who are campaigning against State RPS programs. Scott Sklar, President of The Stella Group, Ltd. and Adjunct Professor at The George Washington University.
ANONYMOUS
February 16, 2013
do you mean the subsidized billionaire trump?
all his building were subsidized by the taxpayer by HUD federal guaranteed loans then he went bankrupt did not pay back the taxpayers
then bought back for pennnys some hero self made man eh
billionaires attack on renewable by Koch brothers and ALEC
http://www.alternet.org/environment/conservative-folly-how-rights-war-renewable-energy-could-doom-red-states?paging=off
just change the laws when you own the politicians
John Nistler
John Nistler
February 16, 2013
Yes, the courts are being used to try and block other people investing in wind and solar. The fight is to be expected. Change is inevitable, but people still fight it. So what, two billionaires pursue different investment approaches. Upfront costs so you can provide an RFP? Get real. No one charges upfront for a request for proposal. Seems to me that Mr. Branson is not paying for renewable energy - the fools who pay the upfront costs are. For $5000 you can buy your own solar PV system with AC power and electrical storage. http://www.indiegogo.com/projects/psida-diy-rooftop-pvac-600-testbed-verification/x/2228668
henk daalder
henk daalder
February 16, 2013
My advice for mr Branson and his holiday home project Get automatic fire extinguishers in the buildings. Split solar systems and wind turbines in smaller units and spread them over the island. This makes it more hurricane proof. And offsets the effect of clouds on a few solar systems. Skip the name 'smart grid', guests want smart appliances. So install wireless charging in all parking places, and buy EV vehicles that match these, so guests do not have to think about the batteries. The wireless chargers main job is to store energy from the sun and wind in these car batteries, and retrieve them to power the 'local grid' Additional battery storage will be required, select other car battery systems, this could be your only contribution to a more sustainable world, a test site for car battery chargers and vehicle to grid systems.
Nova Scotia Doug
Nova Scotia Doug
February 15, 2013
...yes teh nimby issue...this highlights the need for rational thinking and first an educated population and government...which highlights the "disinformation campaigns" by those fossil fuel huggers" who earn money in the oil gas sector...and worse the spin from teh nuclear sector....if people would see the facts....and sit back and think...do I want to live within a 100 miles radius of nuclear or outside the area still get a lessor degree of radiation and fallout...or do thye want oilgas and coal..that creates unhealthy air...guess since they don't see the toxic air it is easy to overlook they are condoning the slow death of the eArth adn our own children...people need to realize change to clean technology cannot wait...and it is by far the only rational choice...mankind thinks we are smart...but the level of thinking shows how easliy most of us are fooled by the greedy self centered cronies who cling to spewing toxic cancer causing emissions or outright desolation from nuclear accidents...does this mean we are truly doomed to destroy our children's future, or can we raise the standard of intelligent ratioanl thinking?...perhaps jailing the politicians, and oil and nuclear cronies, and spin doctors who defame clean energy by disinformation campaigns, for negligent crimes against humanity
Garth Barker
Garth Barker
February 15, 2013
Trump is no different than millions of other people who don't want anything built in their backyards, it doesn't matter if they are hardcore environmentalists or profound conservatives; nimbyism is alive and well. Just look at the facts, any renewable energy project or natural resource recovery and extraction is fought against by both sides. Just try and site a transmission line or retro fit a BOR dam, the anti's come out of the wood works in droves to stop the effort. People say they want clean renewable energy but just not in their backyard or in their line of sight.
Quentin Prideaux
Quentin Prideaux
February 15, 2013
So Richard Branson is getting the world to fight to get his island solar power. He could do something useful instead : instruct his Virgin Atlantic Airways to support the EU's Emissions Trading Scheme for airlines.

Branson is in front of any 'green' microphone he can find, is frantically trying to make money out of the renewables shift, is criticizing /challenging everyone else, and is now looking for super-cheap solar at home. He is not doing the one thing that would actually help: Support the EU-ETS instead of taking them to court.

Pick a side, Sir Richard, or get out of the way. You look ridiculous, and we have work to do.
Nova Scotia Doug
Nova Scotia Doug
February 15, 2013
...And there lies the problem...Donald Trump who holds his head high with a 'reputation' and TV fame as 'the CEO' who one would think would be a person of considerable intelligence...but DONALD TRUMP your position shows that is obviously not the case..or you listen to bad advice....WIND SOLAR, tidal and instream turbines, along with geothermal, along with the 'EXISTING' hydro dams...all combine to add a plentiful baseload and peak load energy at controlled costs for the next 25 years or so...something coal, oil and nuclear cannot do...the trick is that the variables of wind and solar are easily managed by energy storage either by utility scale large format batteries along with production of hydrogen from many sources of VOCs or methane, to supply Fuel Cells that can ramp up on demand...smart grid technologies will refine the supply-demand power management...this should be obvious to power engineers and intelligent business people who are prudent thinkers and identify the value of controllled costs over the long term...and the value of cleaner air...DONALD TRUMP , I am surprised by your position and more so by your lack of business savy, you? ...miss the huge opportunity to make money?...and buy into the best business model for a sustainable future?..., this is a disappointing surprise!!!
terry hallinan
terry hallinan
February 15, 2013
Neither billionaire solves the problem.

Only baseload renewable energy does and it is both plentiful and cheap.

People want power when it is needed, not when it is available. Islands are increasingly turning to geothermal. Maybe some day OTEC will be available but for now it is even more fanciful than than intermittent energy replacing fossil fuels.

Iceland's attempt to replace fossil fuels for transportation with hydrogen produced by geothermal power was a total bust for whatever reason. Biomass is older than horsepower from real horses and modern innovations make it increasingly available and convenient.

Best, Terry

Best, Terry

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James Montgomery

James Montgomery

Jim is Associate Editor for RenewableEnergyWorld.com, covering the solar and wind beats. He previously was news editor for Solid State Technology and Photovoltaics World, and has covered semiconductor manufacturing and related industries,...
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