Generally, the fault current supplied by inverter-based renewable energy sources (IBRES) and electrical storage systems (ESS) is about 1.2 to 2 times their rated current and much lower than synchronous generators because the former acts as a current source and the latter acts as a voltage source. A conventional power system in a small island is composed of only synchronous generators and protected from short circuit faults using an overcurrent relay (OCR). However, in the remote microgrid with IBRES, ESS, and synchronous generators, the fault current varies depending on the configuration of generation sources. Namely, the fixed OCR protection method cannot protect microgrids from short circuit faults. This paper proposes an adaptive protection method to protect the microgrid from faults by actively changing the OCR setting according to the state of the generator source combination. A microgrid with ESS and a synchronous generator is modeled and simulated through PSCAD/EMTDC software to validate the proposed adaptive protection method.