Goldman Sachs sees Reliance Industries Ltd.’s clean energy business as its third structural growth driver, besides retail and telecom, as the global investment bank reiterates ‘buy’ and raises target price on the billionaire Mukesh Ambani-controlled conglomerate. “RIL is adopting a unique manufacturing approach to net zero emissions with a hyper-integrated model spanning solar, battery and […]
Bloomberg Philanthropies and Goldman Sachs Deploy $25 Million to Advance Clean Energy Solutions In South and Southeast Asia – EQ Mag Pro
Managed by the Asian Development Bank, New Climate Innovation Fund Will Accelerate Pace of Climate Solutions – Starting with India and Vietnam 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 […]
Copper is the new oil: Demand for the metal expected to soar this decade
The 2020s are expected to be the strongest phase of volume growth in global copper demand in history: report The 2020s are expected to be the strongest phase of volume growth in global copper demand in history, as per Goldman Sachs. Goldman Sachs has argued that the critical role copper will play in achieving the […]
JPMorgan embarks on $2.5-trillion climate, sustainability effort
Goldman Sachs Group Inc., Citigroup and Bank of America have all set net-zero greenhouse-gas emissions targets in their financing activities. JPMorgan Chase & Co. set a goal to finance $2.5 trillion in initiatives that combat climate change and advance sustainable development over the next 10 years, while Citigroup Inc. said it would back $1 trillion […]
Goldman Sees $200 Billion Opening in European Tech Unicorns
Goldman Sachs Group Inc. is stalking unicorns. The Wall Street bank, which built its reputation by pursuing opportunities that rivals were slow to respond to, wants to find the next generation of technology companies in Europe with the potential to achieve $1 billion-plus valuations. Doing so can unlock a $200 billion base of fast-growing clients, […]
ReNew Power’s $325 mn offshore bond issuance oversubscribed six times
This is ReNew’s second bond offering in this calendar year. It raised $450 million via dollar bonds in January when it was oversubscribed three times. Goldman Sachs-promoted ReNew Power raised $325 million via offshore bond sale. The dollar bond offer was subscribed 6x with the total offer book at $2 billion. This is the first successful […]
Duke Energy receives $109.4 mn funding from Goldman Sachs
Duke Energy Renewables announced the closing of $109.4 million in a preferred tax equity funding from Goldman Sachs’ Alternative Energy Investing Group. The investment will be used over 18 months to fund a diverse portfolio of approximately 75 megawatts of solar and solar plus storage projects, which will be developed and constructed by Duke Energy […]
Goldman Sachs Partners With Greenskies Alums to Launch Distributed Solar Venture
Goldman will put up to $275 million behind distributed solar projects, returning for more action in the C&I market. Goldman Sachs announced plans to invest up to $275 million into a new, as-yet-unnamed U.S. development joint venture that will focus on distributed solar projects for commercial, industrial and municipal customers. The new JV will be […]
RWE is possible takeover target in renewables boom – Goldman Sachs
Following an asset swap with E.ON, RWE last year became Europe’s third-largest renewables player after Spain’s Iberdrola and Italy’s Enel, and the world’s No.2 offshore wind player after Denmark’s Orsted FRANKFURT: RWE, Germany’s largest power producer, could become a takeover target as big industry players strive to expand their renewable portfolios around the world, Goldman […]
Brookfield in talks to invest $800 million in ReNew Power
Deal could offer partial exit to Goldman Sachs that owns 48% stake in green energy company. Goldman Sachs, a backer of the company since 2011, has invested about $370 million in ReNew Power through 2013 and 2014. Founded in 2011 by Sumant Sinha, t… MUMBAI: Canadian asset management firm Brookfield is in talks to […]