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Branson plans clean-power firm in China


Greenbang once wrote to Richard Branson with an idea for a magazine. He kindly wrote back, saying he was far too busy, but good luck anyway.

Ah well.

But he’s got time to go to China and build a green energy company – oh yeah.

Fair enough really.

Here’s what he’s planning – that beardy man of money said on Bloomberg.

“We plan to invest quite heavily in it,” said the billionaire, who is traveling with Prime Minister Gordon Brown on his first visit to China as head of government. Branson’s Virgin Group Ltd. invests in alternative-energy technologies including windmills, hydroelectric projects and solar power,

“China is being very proactive in trying to encourage the development of clean energy,” Branson said during a briefing last night with journalists on his flight to Beijing. “We have clean energy companies in Europe and America which have been developing clean fuels, wind power, solar power.”

As Greenbang has said many times before – you shouldn’t think that China is doing nothing in the eco-tech space – they’re quite far ahead of us in terms of planning.

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