Energy reliability and security are top concerns after Russia’s invasion of Ukraine disrupted global energy flows, and Goldman Sachs believes companies exposed to these themes will outperform going forward. In other words, it’s not just about clean energy, it’s about clean, reliable energy. “We expect battery and hydrogen storage solutions to continue to receive greater […]
Goldman-Founded Firm Says Japan Must Do More on Clean Energy – EQ Mag Pro
Japan’s government isn’t doing enough to make sure the country meets its climate targets, according to the chief of a top renewable energy firm. While setting long-term targets such as being carbon-neutral by 2050 is a positive, there’s still a lack of clear policies on how to reach that goal, said Kazuhiro Takeuchi, chief executive […]
Bloomberg Philanthropies and Goldman Sachs Deploy $25 Million to Advance Clean Energy Solutions in South and Southeast Asia – EQ Mag Pro
NEW YORK, NY : Today, Bloomberg Philanthropies and Goldman Sachs announced the launch of the Climate Innovation Fund to support sustainable low-carbon economic development with a focus on South and Southeast Asia to increase the pace, scale, and ambition of climate solutions and contribute to the clean energy transition. The Fund’s initial US$25 million in […]
Goldman Weighs Sale of Majority Stake in Japan Renewable
Goldman Sachs Group Inc. is exploring a sale of its majority stake in Japan Renewable Energy Corp. that could raise about $2.5 billion, according to people familiar with the matter. Goldman is working with its in-house investment banking team and Bank of America Corp. on the potential sale of its 75% stake in Japan Renewable, […]
Goldman to Buy $320 Million of Loans From Solar Lender Loanpal
Goldman Sachs Group Inc. committed to buy an estimated $320 million of loans over the coming six months from Loanpal, the top U.S. provider of residential solar financing. Read More…
CPPIB looks to go big on ReNew as Goldman cuts stake
MUMBAI : Canadian Pension Plan Investment Board (CPPIB) is closing in on ReNew Power to double down on its biggest clean energy bet in the country and become the single largest shareholder, said people with knowledge of the matter. The move follows several months of negotiations. The transaction, once complete, will give principal shareholder Goldman […]
Goldman Sachs’ green goal: $750 billion in work for environmental projects by 2030
NEW YORK : Goldman Sachs Group Inc (GS.N) said on Monday it will provide $750 billion (£584.57 billion) in financing, advisory services and investments for green projects and companies, as well as those that foster economic opportunities for under-served people over the next decade. The bank sees “a powerful business and investing case” for working […]
Goldman-backed ReNew says Andhra Pradesh problems could hurt India’s renewables target
NEW DELHI : Investors could be put off India by Andhra Pradesh state’s difficult relationship with renewable energy companies, Sumant Sinha, chair of Goldman Sachs-backed (GS.N) ReNew Power, said on Thursday. India, the world’s third-largest emitter of greenhouse gases, wants to raise its renewable energy capacity to 500 gigawatts (GW), or 40% of total capacity, […]