Are wind farms a waste of money?

The Obama administration has finally approved America's first off-shore wind farm — a $1 billion project. Is going green worth going broke?

Offshore wind farm
(Image credit: Wikicommons)

The Obama has approved plans to build the nation's first offshore wind farm in the waters off Cape Cod, ending a nine-year legal battle. The Cape Wind project could begin generating clean electricity by 2012 — unless opponents, who say it will kill seabirds and ruin the seascape, derail it with lawsuits. The estimated cost of installing the 130 turbines in Nantucket Sound is $1 billion. Is wind power worth the price? (Watch a Fox report about wind farms)

It's wasteful not to harness the wind: "This is very, very good news," says Brian Merchant in Treehugger. It's wasteful not to tap wind power — one study found "he United States could meet every last kilowatt of its power demands if offshore wind was properly utilized." That's why Europe has already installed thousands of offshore turbines.

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