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President Obama announces 2 Billion Dollars for Solar Power

In his weekly address on the Radio and Internet, President Barack Obama announced $1.85 billion in loan guarantees to Abengoa Solar Inc. and Abound Solar Inc. to fund the building of huge sun-powered facilities. They are supposed to create thousands of new jobs and help the U.S. transition to a “clean energy economy”. Abengoa will [...]

[ More ] July 3rd, 2010 | Comments Off | in Politics, Solar Power |