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Clean Power Obama Clean Energy Awards Speech

Published on July 3rd, 2010 | by Zachary Shahan


Clean Energy Economy Gets $2 Billion More from President Obama

July 3rd, 2010 by  

Obama Clean Energy Awards Speech

Obama announced in his weekly address this week that the Department of Energy has awarded two solar companies, Abengoa Solar and Abound Solar Manufacturing, nearly $2 billion as “conditional commitments from the Recovery Act.”

Abengoa Solar is to build one of the largest solar power plants in the world in Arizona with its portion of the money, creating approximately 1,600 construction jobs “with over 70 percent of the construction components and products manufactured here in the USA.” The plant will produce enough energy to power about 70,000 homes when completed.

Abound Solar Manufacturing will build two new plants, in Colorado and Indiana, creating over 2,000 construction jobs and “over 1,500 permanent jobs as the plants produce millions of state of the art solar panels each year.”

“These are just two of the many clean energy investments in the Recovery Act. Already, I’ve seen the payoff from these investments. 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,” Obama said after announcing these awards during his speech in Washington, DC yesterday.

For more from Obama’s speech, including a nice intro on how Republicans are blocking growth of the clean energy economy and relief from the recession we are still trying to pull ourselves out of, visit the link provided above or watch the video of the speech.

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Image Credit: screenshot of video of the speech

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About the Author

Zach is tryin' to help society help itself (and other species) with the power of the word. He spends most of his time here on CleanTechnica as its director and chief editor, but he's also the president of Important Media and the director/founder of EV Obsession and Solar Love. Zach is recognized globally as a solar energy, electric car, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, and Canada. Zach has long-term investments in TSLA, FSLR, SPWR, SEDG, & ABB — after years of covering solar and EVs, he simply has a lot of faith in these particular companies and feels like they are good cleantech companies to invest in. But he offers no professional investment advice and would rather not be responsible for you losing money, so don't jump to conclusions.

  • Karl

    Considering the huge amount of money we export for our energy needs on an annual basis and the fact that this is actually keeping people employed this is a great use of money. This is a long term investment that will make more money than it loses. All of you people that think this is a waste of money ( and were silent about 2 expensive wars) should really look carefully at the numbers b/c then you just might see that we will be much better off economically in 10-15 years than if we pass up opportunities like this. As an example, we export roughly $400 billion overseas per year. Over ten years that is 4 trillion ( not including inflation and a rise in oil price). You’re telling me we can’t afford a few billion to help move things in the right direction? Get with it and stop thinking short term and look at the big picture.

  • Sven

    There is no doubt Bush increased the debt tremendously. But frankly, he hasn’t been president for quite a while now. The stupid wars Bush started are amazingly still being waged and President Obama is not doing anything differently, except perhaps spending even more than Bush somehow. I assure you spending like this will end up badly.

  • Sven

    This is so awesome. The government using money they don’t have to help clean energy. I’m like so excited.

    • Sven, investment in the clean energy sector is creating jobs and creating money in the long-term. If you look beyond a window of a few months, you can see that this is bringing money into the US.

  • dc2ndtest

    Wat to go Mr. President. Without targeted spending like this, we will be trapped by the status quo special interests and subject to the dlationary spiral down/job losses the Senator from South Carolina has always wished for in order to punish the nation for your election.

    Even the chairman of the Fed has warned against reductions in stimulus spending at this time. With our 10 year treasuries trading below a yield of 3%, there is no issue of market concern for default risk and, as Erin pointed oiut on Squak Box lasst week, interest costs to service our present outstanding treasury debt IS LESS THAN THE AMOUNT REQUIRED TO SERVICE THE HIGHEST DEBT LEVEL DURING THE CLINTON AMINISTRATIONS.

    • yes, we are in tremendous debt, and it is because of Bush’s 8-year run. Obama’s efforts to re-stimulate the economy are going well, but it is no small well we are sitting in right now.

  • American Truth

    Great investigative reporting – NOT. Check the cost of solar vs. utility scale clean wind power and you will see that this was a 2 billion grandstand. Oh, and as for the last paragraph: Keep drinking the Kool-Aid.

    Obamao will soon see that America wants clean energy, but understands economics 101. We promise a November to Remember.

    • Economics 101 these days would be cutting subsidies to fossil fuels, and maybe transferring some of those to clean energy. Wind is not going to do it alone and there are many special advantages to solar. As Susan wrote earlier this week, Obama is moving on cutting fossil fuel subsidies and persuading other major countries to do so as well: http://cleantechnica.com/2010/06/30/obama-gets-g-20-to-end-558-billion-in-fossil-fuel-subsidies/ He (or his administration) is also doing a good job of helping clean energy get to the place it needs to be, something definitely worthwhile for national security, the economy, and a high quality of life.

  • ArcticFireGuy

    Why not..? We have nothing but money! Although I haven’t quite figured out how you can improve the economy by taking money from the people via taxes… then give it to a corporation… who will then employ the people from whom the taxes were taken.. and pay them with the money that was taken from them in taxes.

    But then I didn’t really understand how giving AGI all of that money helped the economy either. But Golly, things have sure gotten a lot better since all of that TARP money got spent. Thank goodness Obama is President!

    Even if I don’t really understand why thats a “good” thing… I mean, it must be good right? 🙂

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