President Obama announced a number of public and private sector initiatives to support the deployment of solar power in the United States. As part of Goldman Sachs' existing commitment to finance and co-invest $40 billion over the next decade towards clean technology and renewables, the firm will target $10 billion for distributed generation renewables including solar in the US.

This significant investment by Goldman Sachs aligns with the broader goal of increasing renewable energy adoption in the country. The focus on solar power reflects a strategic move towards sustainable and environmentally friendly energy sources.

The commitment from Goldman Sachs was highlighted by President Obama as a crucial step towards achieving a more sustainable energy future. The $10 billion earmarked for solar energy projects demonstrates a concrete effort to drive the growth of clean technology and renewables in the United States.