ReNew Power buys energy firm in one of India’s biggest clean deal

The deal to acquire Ostro Energy Private Limited will exceed the firm’s total capacity to more than 5.6GW

EU approves investment groups’ green takeover

The EU has approved the takeover of a renewable energy firm by two investment groups. The deal will see Colindale Investment and Goldman Sachs take joint control over Japan Renewable Energy Corporation (JRE). JRE specialises in managing, developing and operating a range of renewable energy projects in Japan. The EU concluded the proposed acquisition would […]

Goldman Sachs cuts stake in DONG Energy

New Energy Investment (NEI), a Goldman Sachs firm, is selling 6.3% of its stake in DONG Energy. The Danish utility states NEI has agreed to dispose of 26.5 million of its shares to “certain institutional investors”, each with a value of DKK10 (£1.16). That leaves NEI with a 7% stake in DONG Energy. The news […]

Goldman Sachs: $150bn clean energy goal by 2025

The Goldman Sachs Group plans to invest $150 billion (£97bn) in clean energy by 2025. It is part of the financial giant’s updated ‘Environmental Policy Framework’. It is an expansion of the $40 billion (£26bn) target set in 2012. The company also aims to be the first US investment bank to be carbon neutral across […]

SunEdison forms $1bn fund to buy green assets

US renewable energy firm SunEdison has formed a $1 billion (£0.6bn) fund to buy operating assets. Called WSIP Warehouse, it will also be used for construction costs and managed by bank Goldman Sachs. TerraForm Power will own exclusive call rights of the renewable projects. Debt structuring will be led by Morgan Stanley, Bank of America […]

Goldman revises down its oil forecast

Goldman Sachs lowered its forecast for future oil prices this week, following the oil price’s recent slide. It also said a price of $40 per barrel would be necessary for the next six months to stabilise out supply and demand. In a research note from 11 January led by Goldman Sachs analyst Jeffrey Currie, it changed […]

Corporates prepped for worldwide carbon price

Big biz appears to be well ahead of many governments – and are preparing for the cost of an international carbon price. That’s according to new research among corporations about their climate change plans. It found 29 major public firms in the US including Dow Chemical Company, Goldman Sachs and ExxonMobil are either already or […]

Goldman Sachs invests in DONG Energy

Goldman Sachs and two Danish pension funds have invested a total of DKK11 billion (£1.24bn) in DONG Energy. Funds managed by the global investment bank will buy new shares worth DKK8 billion (£0.9bn) – gaining a 19% stake in the Danish company. Pension fund ATP will invest DKK2.2 billion (£0.25bn) for a 5% stake while […]

Goldman Sachs to finance $500m in solar projects

Global investment banking firm Goldman Sachs is backing a $500 million (£326.7m) fund for PV projects in the US – believed to be the “largest” rooftop solar financing agreement in the country. The fund will help install around 110MW of rooftop solar installations in California, Arizona and other states where renewable company SolarCity operates. Homes […]

Big businesses form green UK finance company

A group of businesses have formed a collective to work with government to help finance the Green Deal. The Green Deal Finance Consortium will provide finance to all Green Deal Providers by accessing the cheapest sources of finance in the market at the highest possible credit rating. The Department of Energy and Climate Change say […]