The US invests $2 billion in solar energy development

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This post was last edited by jordan569 on 2013-1-6 at 21:23. Xinhua News Agency, Washington, July 3 (Reporter: Ren Haijun) – U.S. President Obama announced on the 3rd that the U.S. Department of Energy will allocate nearly $2 billion to fund two companies in building solar power plants, in order to support the development of the solar energy industry in the United States and create more jobs. Obama said that the funds would come from the $862 billion economic stimulus package; Avengoa Solar will receive a loan guarantee of $1.45 billion to build what is expected to be the world’s largest solar power plant, named Solana, in Arizona, with the creation of 1,600 construction jobs anticipated ； Rich Solar Manufacturing will build a solar power plant in each of Colorado and Indiana, with an expectation to create 2,000 construction jobs and more than 1,500 permanent jobs. ““We will continue to compete vigorously to ensure that employment and future industries take root in the United States,” Obama said in his weekly radio and online address on that day. According to Avengo*, the Solana solar power plant will have an output of 280 megawatts, sufficient to meet the electricity needs of 70,000 households; over its 30-year operational life, it will generate electricity worth $4 billion. Furthermore, it can also reduce greenhouse gas emissions by 475,000 tons. http://news.*nhuanet.com/tech/2010-07/04/c_12295151.htm .Note $ # , $ $