MarketWatch (MCT)
SAN FRANCISCO — President Barack Obama on Saturday outlined plans to ramp up the number of clean-energy jobs in the U.S., with his administration's goal fueled in part by roughly $2 billion in new conditional commitments to two solar companies.
Abengoa SA was offered a $1.45 billion loan guarantee by the U.S. Department of Energy to build a 250-megawatt solar plant in Arizona, and Abound Solar Manufacturing was offered a $400 million loan guarantee toward two plants where thin-solar panels will be manufactured.
The guarantees through the American Recovery and Reinvestment Act and other measures are expected by the awardees to create more than 5,000 jobs, according to a statement from the White House.
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