Obama Awards $1.45 BILLION to Spanish Corporation Abengoa
Abengoa Solar
Sevilla, July 3, 2010
Abengoa, a Spanish multinational corporation, with companies in energy, communication, transportation, and environment, has been offered nearly 1.5 billion dollars by the Obama administration. Just as a side note, unemployment insurance extensions have yet to pass the Senate, and new home sales are at a 39 year low.
The following is the press release from Spain.
Washington, DC – President Obama announced today in his weekly video address that DOE has offered a conditional commitment for a $1.45 billion loan guarantee to Abengoa Solar, Inc. The loan will support the construction and start-up of Solana, a 250 net megawatt (MW) concentrating solar power (CSP) plant in Arizona.
“After years of watching companies build things and create jobs overseas, it’s good news that we’ve attracted a company to our shores to build a plant and create jobs here in America”, said President Obama.
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Posted By Robert Allison
PigMine
RA
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