(GS) The Goldman Sachs Group to Invest in Japan

The Goldman Sachs Group, Inc. (GS) intends to invest about 50 billion yen ($487 million) in renewable energy in Japan in the next 5 years. The investment banking major plans to effectively exploit the demand for electricity generated from solar and wind power. The endowment will be made by the Japan Renewable Energy Co. unit, established by Goldman in Aug, 2012. It was mainly created to plan, design and operate power plants run on energy from the sun, wind, fuel cells and biomass fuels. The above-mentioned investment is consistent with Goldman’s target of spending $40 billion in renewable energy over the next 10 years. The initiative was taken to mark the company’s awareness of environment sustainability and to support the development and promotion of renewable energy as well as clean […]