2013-01-17. Goldman Leading Renewable Offerings Says Slump Is Ending

posted Jan 19, 2013, 10:38 AM by Alan Gould
| Ehren Goossens, Bloomberg. Relevant to GSS Energy Use chapter 10. Excerpt:  …Goldman Sachs Group Inc. (GS), the top arranger for renewable-energy stock offerings last year, is accelerating its funding efforts as it anticipates a rebound in an industry that’s slumped every year since 2009. …The investment bank is backing renewable energy that it expects will gain favor in a global shift it says is inevitable. That’s why short-term volatility will be trumped by long-term gains as emerging technologies first become commonplace and then become indispensable, according to Stuart Bernstein, the Goldman partner overseeing its renewables unit. …Goldman may boost its financing efforts this year as it seeks to meet a pledge made in May to invest and finance more than $40 billion in the industry in the next decade. Worldwide, more than $395 billion will be invested annually in renewable energy by 2020, he said…. Read the full article: http://www.bloomberg.com/news/2013-01-17/goldman-leading-renewable-offerings-says-slump-is-ending.html