Obama announces $2billion of Government solar funding

US president Barack Obama used his Independence Day holiday address to announce nearly $2billion worth of funding for the solar industry.

The funding from, the Department of Energy's Recovery Act, will go to two solar companies.

The furst, Abengoa Solar, has agreed to build, what Mr Obama says will be 'one of the largest' solar plants in the world in Arizona, which will also create about 1,600 construction jobs.

Once completed, the Arizona plant will be the first large-scale solar plant in the US to actually store the energy it generates for later use - even at night, and it will generate enough clean, renewable energy to power 70,000 homes.

The second firm Abound Solar Manufacturing is building two new plants, one in
Colorado and a second in Indiana - in what's currently an empty Chrysler factory.

When fully operational, these plants will produce millions of state-of-the-art solar panels each year.

Mr Obama said: "After years of watching companies build things and create jobs overseas, it's good news that we've attracted a company to our shores to build a plant and create jobs right here in America.

"I've seen once-shuttered factories humming with new workers who are building solar panels and wind turbines; rolling up their sleeves to help America win the race for the clean energy economy.

"So that's some of what we're doing, but the truth is, steps like these won't replace all the jobs we've lost overnight.

"I know folks are struggling. I know this Fourth of July weekend finds many Americans wishing things were a bit easier right now. I do too."

Luke Walsh




Click a keyword to see more stories on that topic, view related news, or find more related items.


You need to be logged in to make a comment. Don't have an account? Set one up right now in seconds!

© Faversham House Ltd 2010. edie news articles may be copied or forwarded for individual use only. No other reproduction or distribution is permitted without prior written consent.