Goldman's renewables portfolio

EQUITY INVESTMENTS

Dong Energy | Goldman agreed to pay $1.47bn for 19% of the Danish utility, the world’s leading offshore wind developer (Oct 2013).

ReNew Wind Power | Goldman owns a majority stake in this ambitious Mumbai-based developer after investing $202m in September 2011 and a further $135m in June last year.

BrightSource Energy | An undisclosed amount was ploughed into the California-based concentrating solar power technology firm (Nov 2012).

FloDesign Wind Turbine | An undisclosed amount was invested in this US technology start-up, which is developing an experimental high-efficiency shrouded wind turbine inspired by the jet engine (2010).

Asian Genco | Goldman was part of a US investor group that bought 44% of this Singapore-based power generator (Mar 2010).

CS Wind | An undisclosed amount was invested in this South Korean wind turbine tower manufacturer (Jun 2008). An IPO is expected this year.

Eco Energy | This South Korean renewables developer received an undisclosed investment from Goldman (Jun 2008).

Nordic Windpower | A “significant” amount was invested in this US-based turbine maker, whose two-blade design was a market flop (Oct 2007). The firm filed for liquidation in 2012.

SunEdison | Goldman was the lead investor in an equity round (Jun 2006).

Zilkha Renewable Energy | This US developer was bought outright by Goldman in May 2006, rebranded as Horizon Wind Energy, and sold in March 2007 to Portugal’s EDP for a reported $2.15bn.

Nordex | Goldman indirectly bought a 14.3% stake through German and Dutch funds (May 2005). It sold most of its stock in December 2009, keeping 3% of the company.

FINANCINGS/ADVISORY DEALS

SolarCity | Goldman provided more than $500m in financing for solar rooftop leases to this US distributed solar generation company in May 2013, six months after being the lead underwriter for its IPO.

Tesla | Sole manager in $225m follow-on equity offering for the high-spec electric-car maker (Sep 2012). It was the company’s joint bookrunner for its IPO in June 2010.

Enel Green Power | Joint global co-ordinator and joint bookrunner for landmark IPO of a minority stake in Italian utility Enel’s renewables unit (Oct 2010)

Clipper | Financial advisEr for sale of remaining stake to United Technologies Corporation (Oct 2010).

Orient Green Power Company | Joint bookrunning lead manager for IPO of what was then India’s largest independent operator/developer of renewables plants (Sep 2010).

China High Speed Transmission | Sole bookrunner for $418m share sale of Chinese industrial heavyweight, which provides parts such as power trains for wind turbines (Sep 2010).

John Deere Renewables | Advised on sale of US farm equipment giant’s renewables unit to Exelon (Aug 2010).

Solyndra | Goldman was the exclusive financial advisEr for the disastrous $535m US Department of Energy loan guarantee and co-lead underwriter for the thin-film PV manufacturer’s planned IPO that was cancelled before the firm went bankrupt (2009).

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