Why would Obama
announce a commitment to solar energy companies on a Saturday, and on the Forth of July holiday weekend to boot? Why, indeed. His administration is shoveling
two billion dollars to only two companies; Abengoa Solar and Abound Solar Manufacturing. Two. Billion. Dollars. He's hoping that you're too busy grilling ribs and corn to notice.
Abound Solar will be manufacturing solar panels in Colorado and Indiana. Only one tiny little problem; they're a relatively new company and have mainly focused on research.
Abound has only managed a full-scale production line for less than a year. Sweet! My alarm bells are clanging, and a little voice is whispering "follow the money".
Abengoa Solar was chosen by the Obama administration to toodle down to Arizona (gasp!) and build one of the largest solar plants in the world. It's an ambitious project that, if completed, will provide energy to only 70,000 homes. Quite a price tag, don't you think? There are several tiny little problems.
Abengoa is a Spanish company, not American. What's up with that? Their specialty is the generation and management of water, although they have been dabbling in research and development of concentrated solar power. It's interesting that while we're giving them a cool billion to contruct a plant in Arizona, they are
simultaneously building the exact same thing in Abu Dhabi.
Okay, now my alarm bells are deafening.