Obama Gives $1.85B for Solar Energy Plants
July 5, 2010 10:37 AM
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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
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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7/6/2010 11:07:18 AM
Just shows what a collosal economic imbecile Obama is...
You have to truly not have the faintest understanding of economics to think, replacing more efficient forms of energy (oil, coal) with drastically less efficient ones (solar in this case) will
the economy. It can only
. Never mind the stupidity of using borrowed deficit dollars to do it because the country is utterly broke, and all that.
But Obama doesn't understand anything about economics, that's one reason he just cant pull the economy out of the shitter. He's flailing about like a blind idiot. He truly is dumb, though. Bill Clinton, I mean I never supported Clinton, but at least Clinton wasn't a complete idiot economically.
7/7/2010 11:29:08 PM
Really... coal and oil are more efficient than solar power? Take a look at the energy required to extract, transport, refine, and burn/consume coal or oil. Do the same for solar and don't forget to consider the lifespan of a solar array vs a barrel of oil, and then report back.
The issue at hand goes beyond efficiency. It's about renewability and dependence on foreign oil. Oil will not last forever and domestic sources cannot meet domestic demand. This is about the future. We have fallen far behind other nations on clean nuclear power. Do you want to do the same for solar technology too?
In the interest of a balanced discussion, I submit that the timing of this investment is subject to debate due to our soaring national debt. I personally endorse govt investment in advanced technology that can modernize (and improve) our national infrastructure, but I wish politicians did a better job cutting spending in other areas. What those "other areas" are I will leave alone in the interest of avoiding splinter discussions.
7/8/2010 9:49:07 AM
Yes, they are more efficient than solar power.
Thats why its cheaper to buy oil than buy a solar panel.
You are also forgetting about the energy density of Oil.
The issue is efficiency here... the issue is that solar is not efficient use of money yet. If solar was cheaper to use and produce we will be using it. Except its not at that stage yet.
Oil will last forever the only question is, is it economical to mine/drill for it.
Those nations that use wind and solar power are worse off now than they were. Since buying renewable doesn't make economic sense.
The timing is so wrong and has been wrong ever since the Federal Reserve and progressive ideas were seen as right thing to do. Markets and individuals will always make smarter more efficient decisions than the government.
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