The New York-based firm has vowed to invest an extra $110bn in the sector by 2025, in addition to the $40bn it had pledged four years ago and has largely already spent.

Goldman’s move to strengthen its position as the top financier for PV, wind and related technologies such as energy storage has drawn fire from its rivals, which have vowed to be much more aggressive in 2016 to seize market share across countries and regions.

Bank