Goldman Sachs plans $40bn clean energy investments

Goldman Sachs will today announce plans to invest $40bn in clean energy projects over the coming decade, after identifying the sector as one of the biggest opportunities to emerge since it started investing in emerging markets more than a decade ago.

The bank plans to channel client money and a smaller amount of its own funds towards investment and financing in solar, wind, hydro, biofuels, biomass conversion, energy efficiency, energy storage, green transport, efficient materials, LED lighting and transmission projects.
Goldman Sachs economists believe demand for these technologies is set to take-off as countries with large manufacturing sectors such as China and Brazil look to cut their emissions.
Stuart Bernstein, head of Goldman's clean technology and renewables investment banking group, said: "This is another emerging opportunity we think will be quite large."