Goldman Sachs Group Inc. (GS), the fifth- biggest U.S. bank by assets, plans to spend as much as $40 billion financing renewable energy projects in the next decade.
Stuart Bernstein, global head of clean technology, will relocate to San Francisco to lead the effort, Michael DuVally, a spokesman for the New York-based firm, said in an e-mail.
The plans were reported earlier today by Reuters.
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