NewEnergyNews: GOLDMAN SACHS BUYS KOREAN WIND/

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    Friday, March 23, 2007

    GOLDMAN SACHS BUYS KOREAN WIND

    Seems everyday there's another story of big investor money going into New Energy.

    Goldman Sachs to buy South Korean alternative energy company
    Shin Jung-Won, March 20, 2007 (MarketWatch from Dow Jones)

    WHO
    Goldman Sachs and South Korea's Pyeong San Co.

    WHAT
    Goldman Sachs invested $67 million into the South Korean company

    WHEN
    The agreement was announced Wednesday, March 21, 2007.

    WHERE
    The investment underscores Goldman Sachs continued commitment to Korea.

    WHY
    Goldman Sachs' seeks to partner leading companies in alternative energy/clean technology; Pyeong San makes large forged metal parts for wind power generation equipment.

    QUOTES
    Pyeong San President and Chief Executive Dong Soo Shin said his company expects to benefit from Goldman Sachs' experience in the alternative energy and clean technology industry.

    posted by Herman K. Trabish @ 9:28 AM

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