Twitter Delicious Facebook Digg Stumbleupon Favorites More

Oracle CEO Larry Ellison planning green experiment on Hawaiian island (Eco news)

Oracle CEO Larry Ellison planning green experiment on Hawaiian island reported

Larry Ellison, America’s third richest man, has revealed plans for an ambitious green experiment on a 141-square mile paradise island in the Pacific, which he bought this summer for $500 million.

The billionaire said he will turn Lanai, the sixth largest island in the US state of Hawaii, into an environmental “laboratory” featuring solar power and electric cars. Projects will be set up to convert of sea water to fresh water, and small organic farms will sell produce to Japan.

Ellison, 68, the chief executive of Silicon Valley technology giant Oracle, who is worth an estimated $41 billion, had previously remained tight lipped about his plans for Lanai.

There had been rumours that he intended to turn it into an exclusive holiday hideaway for the world’s richest people. It had also been suggested that his intention was to use it as a base for his America’s Cup sailing team.

But Ellison said: “I love Hawaii, and Lanai is a very interesting project. There, what we’re going to do is turn Lanai into a model for sustainable enterprise. “The electric utility is all going to be solar, photovoltaic and solar-thermal. “We’re going to convert sea water into fresh water. And then, have drip irrigation where we’re going to have organic farms all over the island. “We’re going to support the local people and help them start these businesses.”

Local politicians have also been assured that Ellison has no plans to continue with a controversial wind farm project on the island, which would have delivered power to nearby Oahu using an undersea cable.

Ellison bought 98 per cent of Lanai from fellow billionaire David Murdock, 89, who had owned it since 1985, for an undisclosed amount. The asking price was between $500 million and $600 million.

Once known as Pineapple Island, because of its vast pineapple plantations, Lanai now has two Four Seasons resorts, and two championship golf courses, and has increasingly relied on tourism.

In 1994 Microsoft billionaire Bill Gates booked out all the hotel rooms for his wedding to wife Melinda.

The island can only be reached by helicopters and small planes and has only 30 miles of paved roads, with no traffic lights.

Many of the 3,200-strong population had feared further development and there had been uncertainty about Ellison’s plans, and the prospect of further development.


Post a Comment

Design by Free WordPress Themes | Bloggerized by Lasantha - Premium Blogger Themes | Blogger Templates