Tuesday, July 6, 2010

Obama gives $2 billion to solar energy companies

WASHINGTON: US President Barack Obama announced Saturday the awarding of nearly two billion dollars to two solar energy companies that have agreed to build new power plants in the United States, creating thousands of new jobs.

“We're going to keep fighting to advance our recovery,” Obama said in his weekly radio address. “And we're going to keep competing aggressively to make sure the jobs and industries of the future are taking root right here in America.”

One of the companies, Abengoa Solar, has agreed to build one of the largest solar plants in the world in Arizona, which will create about 1,600 construction jobs. When completed, this plant will provide enough clean energy to power 70,000 homes.

The other company, Abound Solar Manufacturing, is building two new plants, one in Colorado and one in Indiana.

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