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Goldman Plans $40 Billion Clean Energy Investment Over a Decade

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May 23 (Bloomberg) -- Goldman Sachs Group Inc., 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.

Link to Company News:{GS US <Equity> CN <GO>}

To contact the reporter on this story: Christine Harper in New York at charper@bloomberg.net

To contact the editor responsible for this story: Steven Crabill at scrabill@bloomberg.net