US President Obama announces $2 billion for Solar Energy Companies
During his weekly address to the nation, US President Obama announced $2 billion to be invested in solar companies Abengoa Solar Inc. and Abound Solar Manufacturing.
Abengoa Solar Inc., has been offered a conditional commitment of a $1.45 billion loan guarantee to build what will be one of the largest solar generation plants in the world near Gila Bend, Arizona. The project is expected to create 1,600 jobs, with over 85 % of those being permanent positions.
The solar thermal project , dubbed "Solana," will produce 280 megwatts of power.
Abengoa already has 7 completed and operational solar thermal and solar concentrating electrical generation plants in the United States.
The second investment by the Department of Energy and announced by President Obama is a $400 million loan guarantee for Abound Solar Manufacturing to build two plants, one in Tipton, Indiana, the other in Longmont, Colorado, to manufacture state-of-the-art thin-film solar panels.
Download a White House PDF fact sheet on the $2 billion investment in solar energy here.
A full transcript of the President's weekly address can be found here: President Obama Touts Nearly $2 Billion in New Investments to Help Build a Clean Energy Economy
Kevin Grandia is the Director of Online Marketing for EnergyBoom.com and has been researching and writing on climate change and renewable energy issues for over three years and is the Manager of the award-winning site, DeSmogBlog.com.
Any opinion contained in this article is solely that of the writers, and does not necessarily shapes or reflect the editorial opinions of Energy Boom.
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US President Obama announces $2 billion for Solar Energy Compani
He should be giving some of that money to the Solar Roadways project, which would provide all the energy we need and fix our aging roadway info-structure at the same time. Solar roadways is the answer to our energy, as well as many other, problems.
www.solarroadways.com/main.html
President Obama - Promoter of Clean Energy
President Obama, Your support to Clean Energy is total. Infact Solar Energy is the Future Energy. Dr.A.Jagadeesh Nellore(AP),India