Goldman Sachs

Goldman Sachs has a RE100 goal to become 100% powered by renewable electricity by 2020.

In 2012, Goldman Sachs set a 10-year target to deploy US$40 billion of capital in financing and investment to scale-up clean energy globally. Since then, it has mobilized more than US$33 billion for solar, wind, smart grid and other clean technologies and has a dedicated Clean Technology and Renewables Investment Banking Team.

Through its Merchant Banking Division Goldman Sachs is the lead equity investor in ReNew Power – a growing renewable energy company in India. Goldman Sachs also entered into a power purchase agreement (PPA) to procure wind power for its Crystal Downs facility in Bengaluru with ReNew Power.

Kyung-Ah Park, Head of Environmental Markets Group, Goldman Sachs, said: "We’re proud to be among the group of leading companies that have joined RE100 and support the deployment of renewable energy. RE100 can help by facilitating the sharing of best practices and raise awareness more broadly on the growing value proposition of renewable energy. This in turn can help encourage further adoption."

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