Biden made the announcement on August 15 during a speech in Wisconsin, a swing state in presidential elections. The speech was part of his 2024 re-election campaign, which he announced in April.

Speaking at a wind turbine manufacturing plant, President Biden praised the creation of new jobs and new investments related to the infrastructure and energy transition policies he adopted during his first term.

President Biden’s campaign statements are carefully and cautiously prepared in the context of the 2024 US presidential election, which could be a “rematch” between Mr. Biden and Mr. Donald Trump. Currently, former President Donald Trump is still leading the list of candidates for the Republican Party nomination despite facing court accusations.

Accordingly, Mr. Biden’s speeches focused on key economic policies he passed during his first term, especially the Deinflation Act. This law focuses on policies to promote investment and job creation in the renewable energy sector. President Biden said that private investment under this law has reached $110 billion. In the state of Wisconsin alone, companies have committed to invest more than $3 billion in clean energy development and manufacturing.

Mr Biden is betting on a strong US economic recovery that has defied earlier predictions of a recession. President Biden believes this strong rebound will convince voters to support him in the 2024 White House race.