Gallery: Obama Kick-Starts US Solar Industry WIth $2 Billion Investment


President Obama recently announced that two of America’s most established solar companies are set to receive up to $2 billion in loan guarantees in order to ‘kick-start’ the US solar industry. The plan will provide Abengoa Solar and Abound Solar Manufacturing with the massive investment in order to fund their expansive projects, both of which could drastically change how solar energy is used in the US. Abengoa Solar, for example, has plans to construct the largest solar power plant in the world in Arizona, capable of powering 70,000 homes and drastically cutting CO2 emissions.

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  1. World's First Hybrid Co... July 12, 2010 at 1:31 pm

    […] and running outside Palisade, Colorado. A joint project between the utilities giant Xcel Energy and Abengoa Solar, the unit of Xcel’s Cameo plant is intended to show that solar power can reduce the […]

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