Green projects, electric cars and solar power on agenda for Obama and Biden

Lita Epstein
green-projects-electric-cars-and-solar-power-on-agenda-for-obama-biden
green-projects-electric-cars-and-solar-power-on-agenda-for-obama-biden

President Barack Obama and Vice President Joe Biden will focus Tuesday on green projects and the new jobs they will create as they visit a new solar energy center and a former GM plant that will be retooled to produce electric vehicles. They will also announce $3.4 billion in government grants to improve the efficiency of the nation's electrical transmission network. All three projects are examples of how the administration plans to create or save tens of thousands of jobs using money from the stimulus package.

Obama starts his day at Florida Power and Light's Next Generation Solar Energy Center in Arcadia, Fla., one of three solar projects under way in Florida that will create 5,000 jobs. Obama pledged $467 million from the American Reinvestment and Recovery Act to expand and accelerate the development and use of solar energy. The Next Generation Solar Energy Center will generate enough power for 3,000 homes when completed. Obama will also highlight new technologies that will allow this solar energy to be transmitted to locations with higher demand.

  • DJI30996.98-179.03-0.57%
    NASDAQ13543.0612.150.09%
    S&P 5003841.47-11.60-0.30%
  • NIKKEI 22528631.45-125.41-0.44%
    Hang Seng29447.85-479.91-1.60%
    DAX13873.97-32.70-0.24%
  • USD (PER EUR)1.220.00010.01%
    USD (PER CHF)1.130.00010.01%
    JPY (PER USD)103.750.24500.24%
    GBP (PER USD)1.37-0.0046-0.33%