Goldman Sachs Eyes Japan Offshore Wind in Clean Energy Expansion

Goldman Sachs Group Inc., the New York-based bank planning as much as 300 billion yen ($3.19 billion) in renewable energy investments in Japan, is eyeing offshore wind power after building up holdings in more established clean energy sources such as solar.

Japan Renewable Energy Co. was set up by Goldman in August after Japan began offering above-market rates to producers of clean energy. The incentives, or feed-in tariffs, have spurred investments in renewables, setting Japan on course this year to become one of the world’s largest solar markets by annual installations.