Obama Gives $1.85B for Solar Energy Plants
July 5, 2010 10:37 AM
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(Source: Hybrid News Demo)
(Source: Red, Green and Blue)
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
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."
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: Instead of...
7/5/2010 9:18:28 PM
Health care system is completely about special interests of Hospitals and Health Insurance companies telling our congressman how to pass laws in their favor. Health Insurance is tied to Employers, if the Health Insurance was payed and chosen by individuals you wouldn't have the issues we are having today.
Their cost-effective manner still leads to deficits in their federal government.
Universities are just following the price/demand curve.
X amount of students can attend school what universities can provide is limited on the short term. What Federal and State governments do is offer lower than cost loans to students.
It sounds great on paper, but the effect leads to higher prices since loans allow more people to afford it. Then it just piles on over the years with governments offering even lower priced loans for students. We are having another bubble being created by the government intervention.
RE: Instead of...
7/6/2010 11:33:04 AM
Spot on buddy. You must be listening to someone like Peter Schiff. (But I'm sure you will surely be labeled as a Glen Beck listener lol).
Also, you are correct that healthcare is not a right. If it was, then we should be able to smoke, drink, and TAN without consequence. But by adding that damn tan tax in the healthcare overhaul (coupled with other existing 'sin taxes') Pres. Obama and co. are admitting that health care is not a right. They are just trying to give the majority of people the benefit so they will vote for them and send the healthcare companies more customers, regardless if it is 'right' to redistribute wealth in this manner.
RE: Instead of...
7/7/2010 11:41:16 AM
Actually "Thomas Sowell's Basic Economics Third Edition"
In the end Health care is getting further away from a free market ideal. Forcing people to buy healthcare when they aren't financially capable of paying for it or find that paying for it is finacially not worth it.
Costs will go up, government deficits will go up. And more people will be proclaiming that its all 'Greedy' corporation's fault. With none of the blame pointed at the government and their progressive policies. We are heading to a big upset, and I suggest everyone be prepared to be self-sufficant in the coming years and do what you can to get out of debt and actually own your property.
"So, I think the same thing of the music industry. They can't say that they're losing money, you know what I'm saying. They just probably don't have the same surplus that they had." -- Wu-Tang Clan founder RZA
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