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Obama Announces Solar Power Support

  • The President declares federal loan guarantees for solar energy projects.

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    Good news for clean energy advocates, as Obama used his Saturday address to announce almost $2 billion in conditional loan guarantees to two solar energy companies. The beneficiaries are Abengoa Solar, whose planned Arizona solar plant will be one of the largest in the world, and solar panel manufacturer Abound Solar, which will build advanced panels at two new plants in Colorado and Indiana. Not an enormous step, but an important one.



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