Obama announces 2 billion dollars in funding for solar power

10:27, July 04, 2010      

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President Barack Obama announced Saturday the awarding of nearly 2 billion U.S. dollars to two solar energy companies as an effort to boost employment and solar power in the United States.

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

The energy companies, Abengoa Solar and Abound Solar Manufacturing, will receive the funds from 862 billion dollars in economic stimulus.

Abengoa will build the "world's largest solar plant" in Arizona, which will create about 1,600 construction jobs.

The 280-megawatt Solana generating station will supply electric power to approximately 70,000 homes while avoiding more than 475,000 tons of greenhouse gases, Abengoa said.

It estimated that the plant could sell 4 billion dollars worth of energy over 30 years. The power generated will be purchased by Arizona Public Service.

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(Editor:燕勐)

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