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Hopes to increase use of green technology and create jobs

In addition to the recent $20 million the government gave to support the development of offshore wind energy, the Obama Administration is making another hefty donation to support additional efforts in renewable energy, but this time, it's for solar power. President Barack Obama is giving $1.85 billion to two solar companies in order to build new solar plants throughout the United States.

Obama's plan behind this new financial commitment is to create different avenues of renewable energy use and to also create new jobs for American citizens. His announcement regarding the donation for this project was presented in his weekly online and radio address on Saturday, which was one day after the U.S. Department of Labor revealed that employers, for the first time in six months, cut payrolls once again due to the possible end of 225,000 temporary census jobs.

The two solar companies that Obama has chosen to present the money to are Abengoa Solar and Abound Solar Manufacturing. Abengoa Solar plans to build one of the world's largest solar plants near Gila Bend, Arizona while Abound Solar Manufacturing will build plants in Indiana and Colorado. Together, these plants will create more than 2,000 construction jobs and 1,500 permanent jobs.

"We're going to keep competing aggressively to make sure the jobs and industries of the future are taking root right here in America," said Obama.

Out of the total $1.85 billion, $1.45 billion will go to Abengoa Solar, since it's Arizona solar plant will create 1,600 jobs alone and will be able to power approximately 70,000 homes. The other $400 million will go to Abound Solar Manufacturing. 

"Already, I've seen the payoff from these investments," said Obama. "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."

The U.S. Department of Energy announced some clean energy news as well. The Weatherization Assistance Program, which insulates and protects homes and buildings with energy efficient improvements, has already helped perform weatherization work on more than 30 percent of homes in 12 states. This totals to approximately 108,000 homes and is saving more than $47 million on energy bills. The program has also created 10,000 jobs. 

In addition, the U.S. Department of Energy has approved another $76 million for energy efficient building equipment and technology as well as new training programs for commercial building operators, technicians and auditors.

Obama holds high hopes for these new programs and developments, hoping they'll boost the economy, and saying that "the administration is accelerating the transition to a clean energy economy and doubling our use of renewable energy sources such as wind and solar power -- steps that have the potential to create whole new industries and hundreds of thousands of new jobs in America."

The construction of these new solar plants are the latest efforts toward cleaner energy and employment under the U.S. Recovery Act

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RE: Bama didn't give $1.8 billion
By chromal on 7/5/2010 1:48:31 PM , Rating: 2
And yet, it's still a better investment than it's equivalent cost in Iraq and Afghanistan: US$1.8B buys less than a week of war. At least will have something to show for this money spent.

RE: Bama didn't give $1.8 billion
By knutjb on 7/5/2010 5:18:02 PM , Rating: 3
They are two different events. In our current fiscal woes it's not prudent, let alone sane, to keep spending money we don't have. The war happened and that can't be changed . Future spending can be prevented .

I greatly differ that this is a better investment because it's a false argument. When the government picks winners winners & losers they are frequently wrong and spend well over budget because too many people see government money as if it comes from the Federal Government and not their own pockets. Hence the money is spent without rational consideration and frequently wasted. Great idea!

The best investment is to slash government, fix the deficit permanently , rethink the rules and regulations and trim them down because they are excessive, and let people create on their own without over-burdening bureaucratic influence.

Government is nothing but a drag on the economy and you cannot prove otherwise. Government does not produce anything but it does leach off those who do.

I personally believe that the people who think government bureaucrats are not prone to behave just as badly, if not worse, as those in the corporate world are living in a fantasy. Time to wake up and pull your head out of the sand.

By sleepeeg3 on 7/5/2010 6:25:20 PM , Rating: 2
Well said. I would rate you up, if I had the ability.

By andrinoaa on 7/6/2010 6:11:16 AM , Rating: 2
"Government is nothing but a drag on the economy and you cannot prove otherwise. Government does not produce anything but it does leach off those who do."
Are you insane? Do you honestly think the universe is infinite and revolves around you? Do you honestly think that without mass organization (government), everyone will be better off?
If you are serious, then why is the military exempt from spending cuts? Without governments, you wouldn't have ORDER. KAOS would rule supreem. The mind shudders to think of the anarchy, violence, poverty, greed , slavery and inhumanity that would prevail. Children will defecate in their own food bowls if given a chance. Thats how you come across.
Please, can you define government, because I don't think you understand its place in a modern nation.
As for proof, its quite simple rally. Imposed order in society allows for innovation, for example, patent laws. Without patent laws, how could you possible keep trade secrets from anyone. These trade secrets have allowed companies like MONSANTO to make billions. I rest my case.
Government per se, is not the problem, its just your model has massive holes in it. To fix it, you have to acknowedge that its broken first. Your own tunnel vision is what is really upsetting you, lol.

"Mac OS X is like living in a farmhouse in the country with no locks, and Windows is living in a house with bars on the windows in the bad part of town." -- Charlie Miller

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