July 12, 2010

DOE To Fund Solar Plants

csp.jpg

As part of the Recovery Act, President Obama announced that the DOE is loaning out $2 billion to build solar energy plants. Abengoa Solar will be building one that, when completed in 2013, will power up 70,000 homes. The Concentrated Solar Plant (CSP) will also store part of the energy, a first for the US.

Abound Solar Manufacturing will get $400 million to build plants in Colorado and Indiana. Aside from the obvious clean energy benefit, the plants will create about 1,500 permanent jobs and 2,000 for construction.

Via White House

Read More in: Solar News | Solar Power System

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Posted by Sheila Franklin at July 12, 2010 11:45 AM
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