Wind Power and the Cost of Electricity
By reducing our dependence on expensive imported oil, the Na Pua Makani wind project will help stabilize and lower the cost of electricity for Oahu residents.
The cost of electricity from the proposed project is approximately half the cost of generating electricity from burning oil. The cost of wind energy is fixed for 20 years, whereas the cost of electricity generated from oil fluctuates as the highly volatile price of oil fluctuates.
As the chart below illustrates, while the cost of electricity, it follows an ever-increasing upward trend. The Na Pua Makani wind project and other renewable energy projects will reverse this trend and deliver greater stability and bring the prices Oahu residents pay more into line with those paid in other parts of the country. The electricity produced by Na Pua Makani will deliver the lowest in cost of any renewable project in the state’s history.
What Makes Wind Special
The American Wind Energy Association (AWEA) has compiled a great deal of useful information related to wind energy. Below are some selected facts from the AWEA website about wind projects that address questions asked about Na Pua Makani.