Obama Pledges $2B in Stimulus Funds to Solar Firms | Business | GreenBiz.com

Posted by Trish Riley, July 8, 2010

WASHINGTON , DC — Two solar companies — one building a giant solar power plant in Arizona and the other constructing state-of-the-art factories to make thin-film panels — have been offered conditional commitments for $1.85 billion in loan guarantees backed by Recovery Act funds, President Barack Obama said.

The president announced the offers to Abengoa Solar Inc. and Abound Solar Inc. on the eve of the Fourth of July during his weekly address. He described the measures as the latest efforts by his administration to strengthen a foundation for a clean energy economy and create jobs.

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