Benefits of Wind Energy

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.

hawaiienergyprices

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.

1

Wind energy is one of the safest and most environmentally friendly forms of new electricity generation around the world . . . The residents in more than 90 countries in the world have been living, working and enjoying productive lives near wind farms for more than 30 years.

 

2

Wind Energy is one of the most affordable forms of new electricity generation and competes favorably with all other energy sources. Since the “fuel” (i.e., the wind) for a wind turbine is free across the 20-year lifespan of a project, wind energy is inflation-proof and protects consumers from fuel price spikes.

 

3

In many ways, wind power is more predictable than the ever-changing supply of and demand for electricity that grid operators must deal with every day. The addition of wind power has been shown to increase the reliability of many grids.

4

Independent studies conducted around the world have consistently found that wind farms have no impact on human health.

 

5

Multi-year studies tracking real estate prices before, during and after the construction of wind farms have found that wind facilities do not affect property values.

 

6

In addition, we know that wind can meet a significant portion of Hawaii’s electricity needs, while using only a fraction of the land, and is compatible with agriculture and other land uses.

To learn more about wind energy, click here.