President Barack Obama announced nearly $2 billion in government loan guarantees for two solar projects, placing bets on both solar thermal and photovoltaic technologies.

The two projects will directly create 5,000 jobs, the president said in his weekly radio address, though many of those will be temporary construction jobs.

The guarantees are funded by last year’s economic stimulus package and represent the 12th and 13th such guarantees provided by the Department of Energy, bringing the total DOE