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Clean Energy Economy Gets $2 Billion More from President Obama

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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Written By

Zach is tryin' to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director, chief editor, and CEO. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao. Zach has long-term investments in Tesla [TSLA], NIO [NIO], Xpeng [XPEV], Ford [F], ChargePoint [CHPT], Amazon [AMZN], Piedmont Lithium [PLL], Lithium Americas [LAC], Albemarle Corporation [ALB], Nouveau Monde Graphite [NMGRF], Talon Metals [TLOFF], Arclight Clean Transition Corp [ACTC], and Starbucks [SBUX]. But he does not offer (explicitly or implicitly) investment advice of any sort.


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