CleanTech OC Daily - 5/25/12

Friday, May 25, 2012

Goldman Sachs Investing $40 Billion More in Clean Energy
Goldman Sachs reportedly plans to allocate $40 billion towards renewable energy projects over the coming 10 years. Goldman Sachs views renewable energy as one of the most profitable investment opportunities and plans to apply to investments and financing for solar, wind, hydro, biofuels, biomass conversion, energy efficiency, energy storage, green transportation, efficient materials, LED lighting and transmission.

A unanimous decision was made in favor of net energy metering (NEM) in California that will allow for much more distributed generation (DG) going forward. California has a NEM program that allows owners of DG systems of up to one megawatt in capacity to reduce their electricity bills, the same in 43 other states.

A new planned billion dollar cleantech fund has recently emerged: Inerjys. Solar entrepreneur Jigar Shah and cleantech investor Russell Pullan have joined Inerjys, which is in the process of raising $1 billion. Part of the fund’s strategy will be providing funds from development to commercialization with a focus on wind, sun, marine and biofuel power generation, energy storage, transmission and distribution, and smart-grid systems.

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