Obama Announces $2 Billion for 2 Ambitious Solar Power Schemes

It will take more than a little sun to get one of the world's biggest solar power plants up and running: it will also require 1,600 workers to build it and a lot of cash. On Saturday, President Obama announced that the U.S. Department of Energy will use last year's stimulus bill to issue $1.85 billion in loan guarantees to two solar power companies, one of which plans to build one of the planet's largest solar power plant in Arizona. Solana, the big solar power plant planned by Abengoa Solar Inc., will cover an area of around 1,900 acres near Gila Bend, Arizona. As detailed in a White House press release, the company claims that the plant will be one of the first in the United States able to store its own power. According to the release, it will also be able to generate 280 megawatts of power—enough energy to ...