Obama administration risks over $100 million trying to "save" a few thousand dollars annually on carbon emissions?

U.S. Department of Energy - Kahuku Wind to Power 7,700 Oahu Homes | DOE Blog

Today, the Department of Energy’s Loan Programs Office announced a $117 million loan guarantee through the Recovery Act for the Kahuku Wind Power Project in Hawaii. A project Secretary Chu calls “another example of America’s leadership in the global clean energy economy.”
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Kahuku Wind is expected to begin generating energy for Oahu as early as the end of this year and has already sold the future electricity to the Hawaiian Electric Company. Upon completion, the wind power plant will have the capacity to reduce carbon emissions by approximately 96 million pounds [48,000 tons, valued at only about $5k on the Chicago Climate Exchange?] per year.

Flashback: American Thinker: Wind Energy's Ghosts

Some say that Ka Le is haunted -- and it is. But it's haunted not by Hawaii's legendary night marchers. The mysterious sounds are "Na leo o Kamaoa"-- the disembodied voices of 37 skeletal wind turbines abandoned to rust on the hundred-acre site of the former Kamaoa Wind Farm.
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The ghosts of Kamaoa are not alone in warning us. Five other abandoned wind sites dot the Hawaiian Isles -- but it is in California where the impact of past mandates and subsidies is felt most strongly. Thousands of abandoned wind turbines littered the landscape of wind energy's California "big three" locations -- Altamont Pass, Tehachapi, and San Gorgonio -- considered among the world's best wind sites.