The Philippines and other members of the Association of Southeast Asian Nations (ASEAN) are becoming alarmed over the rapid increase of global oil prices and are seriously looking into prospects of building nuclear powered plants to energize the electric needs of the 10 member nations of ASEAN.
President Barack Obama, under pressure to spur job growth, said on Saturday two solar energy companies will get nearly $2 billion in U.S. loan guarantees to create as many as 5,000 green jobs.
Solar thermal power could be close to a breakthrough in the U.S. market, but only if developers can shave costs to beat back competition from photovoltaic solar systems and attract the huge sums needed to finance the renewable energy plants