Obama Awards $2 Billion for Solar Power

WASHINGTON – The government is handing out nearly $2 billion for new solar plants that President Barack Obama says will create thousands of jobs and increase the use of renewable energy sources.

Obama announced the initiative in his weekly radio and online address Saturday, saying the money is part of his plan to bring new industries to the U.S.

“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.

The two companies that will receive the money from the president’s $862 billion economic stimulus are Abengoa Solar, which will build one of the world’s largest solar plants in Arizona, creating 1,600 construction jobs; and Abound Solar Manufacturing, which is building plants in Colorado and Indiana. The Obama administration says those projects will create more than 2,000 construction jobs and 1,500 permanent jobs.

To view this article from the Associated Press, click here:
http://hosted.ap.org/dynamic/stories/U/US_OBAMA_JOBS?SITE=OKPON&SECTION=HOME&TEMPLATE=DEFAULT

—

This Blog is made available by Laurie & Brennan, LLP for general educational purposes only.  The purpose of the Blog is not to provide specific legal advice on any particular matter.  By using this Blog site you understand that there is no attorney client relationship between you and this firm and the authors or members of the firm.  This Blog should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.  Under rules applicable to the professional conduct of attorneys in various jurisdictions, the material on this Blog may be considered advertising material.

Explore posts in the same categories: Construction Law