December 4, 2006

Goldman Sachs wants out of wind biz?

Goldman Sachs wants to sell Horizon Wind Energy, which it bought last year (then called Zilkha Renewable Energy). As the New York Post astutely notes today, Goldman Sachs is betting "that the market for renewable energy is nearing a top."

Of course, they are selling it as a good investment, but if that were the case, why are they letting it go after only a year? Perhaps they have come to perceive that large-scale wind energy is a dead end -- an overhyped technology that underdelivers -- and that the market for it is indeed facing a decline.

wind power, wind energy