Obama Announces a $2 Billion Investment in Solar Energy

President Obama used his weekly Saturday address to announce the awarding of nearly two billion dollars in Federal funds to two solar energy companies that have agreed to build new power plants in the United States. 

One of the companies, the Spanish firm Abengoa Solar S.A., has agreed to build one of the largest solar plants in the world in Arizona, which will create about 1,600 construction jobs. When completed, this plant will provide enough energy to power approximately 70,000 homes. The other company, Abound Solar Manufacturing of Longmont, Colorado, is building two new plants - one in Colorado and another in Indiana. Abound Solar is expected to receive approximately $400 million in Federal grants.The two projects are funded through the American Recovery and Reinvestment Act (ARRA) approved by Congress in early 2009.

Together these two projects will create more than 2,000 temporary construction jobs, and over 1,500 permanent jobs. While the jobs are welcomed news, the numbers of jobs is effectively incidental given the depths of the unemployment crisis facing the country. More important is the fact the Obama Administration is making a demonstrable effort in creating a renewable energy infrastructure that moves us away from our hydrocarbon-based economy.

More at The Hill.

Tags: Obama Administration, Energy Issues, solar power (all tags)


1 Comment

Excellent News

Thanks for sharing.

My 60 week tenure on unemployment ended as a result of the ARRA.

Not to pick nits, but it is inaccurate to describe these jobs as "temporary". Nor is it accurate to assign a number. This isn't your fault -- it's how the government accounts.

Skilled construction jobs are not really temporary. These people aren't census workers or seasonal department store help. Skilled trade workers come out of a certain, slow to change reservoir, and while construction companies may be able to take on more workers for these projects, they have some flexibility in their staffing which will adsorb much of the extra work.

by NoFortunateSon 2010-07-03 07:45PM | 0 recs


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