According to a study conducted by the University of Hawaii Economic Research Organizations (UHERO), the creation of large-scale wind farms on the neighbor islands would have a “net positive effect” on the state’s economy. While it seemed obvious that the creation of wind farms would help reduce the cost of electricity, what was not clear how cost effective they would be. However, the study showed that wind energy would serve as a strong hedge against the potential rise of fuel prices as well as create jobs, increase spending and cut emissions. UHERO research fellow, Makena Coffman, stated, ”We looked at various scenarios and found that the economic impact was positive.”
Despite this study, there has been strong community opposition on the islands of Lanai and Molokai. Residents on these islands, where these wind projects would be built, are concerned that building giant wind turbines would ruin their island’s natural beauty and may damage cultural sites.
Source: Honolulu Star Advertiser, 11-1-2012, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
