By 2021 the investment Plan of the Goldman Sachs Group is going to look carefully at the economic realities in growth as Brazil, China, India, Mexico, Japan, South Korea, but also the U.S. According to IHS it is a sign and a guarantee of how the business of renewable energy will continue to be a source of enormous opportunities.


The decision to invest 40B $ in renewable energy sources is a sign of change for a bank ranked eleventh place as a bank killer for investment in coal.


Goldman is not new to renewable investment, in fact January 6 bought a share of 19% (to 1.47 billion dollars) of Dong Energy, so the bank continues to look with interest the clean energy sector .


Stuart Bernstein, head of investments in renewable energy section of the banking Group, said in an interview for Recharge news, that this plan of 40B is decennary and oriented to countries with rapid population growth, increasing consumption of energy and an intensive increase of environmental hazards and their effects on health are increasingly linked to the burning of fossil fuels.

In Japan, the independent producer of energy from renewable sources, Japan Renewable Energy (JRE) founded by Goldman, has already invested in a plant of 250 MW of solar power in Setouchi (in consortium with other companies 6) and 40 MW of PV near Tokyo.


Moreover, wind energy in India will be the source that will grow faster and for this reason the investment bank decided to buy a majority stake in ReNew Wind Power, a local player technology, which aims to set up plants for a total of a 1 GW by the end of 2015 .


In Chile the bank intends to provide solar energy to the extraction of resources in the northern Atacama desert. Also, the U.S. market, due to its size and cutting-edge technologies, will have a key role in driving the growth of the sector.


The renewable energy sector by 2020 will require annual investments of around 395 billion dollar and this constitutes a form of guarantee that the renewable energy business will continue to be opportunities”, said Matt DaPrato, senior analyst at IHS Emerging Energy Research.


The constant development of technology, lower prices and the increasing competitiveness of renewable and traditional energy sources will continue to keep the interest of the banks in the sector, but the success of clean energy - Goldman Sachs wrote in the document "Key Trends in the Clean Energy Industry" - also depends on the cooperation between different stakeholders: entrepreneurs, investors, governments and associations.


PVCompare Team