Social Return on Investment for Onshore and Offshore Wind Power
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Abstract
This research article has objectives to evaluate and compare the social returns on investment of onshore and offshore wind power. The research Interviewed five related government officials responsible for the promotion and support the use of wind power for electricity generation and six onshore and offshore wind power operators and then assessing the social return on investment by comparing the costs and benefits in terms of economic, social and environmental aspects surrounding the electricity generation form wind power onshore and offshore.
The research indicated that onshore and offshore wind power have social returns on investment of 4.9 and 3.52 respectively. Comparing the social returns on investments from onshore and offshore wind power, the researcher suggested that onshore wind should be implemented first to fulfill the energy need and maximum capacity. This is due to the higher return on investment than the offshore wind power. Society will receive benefit from the use of electricity, employment and increase income to the farmers, tourist attraction development, road and utility construction and improvement in the community, and from carbon credit trading.
Article Details
Academic articles, research articles, and book reviews in the Ph.D. in Social Sciences Journal are author’s opinions, and not the publisher’s, and is not the responsibility of the Ph.D. in Social Sciences Journal Philosophy Association, Ramkhamhaeng University. (In the case that research is done on human, the researcher has to be trained in Ethics for Doing Research on Human Training and has to produce the evidence of the training).
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