Who said solar energy wasn't a worthwhile investment? It certainly wasn't Goldman Sachs. The company just announced a financing deal with SolarCity (NASDAQ: SCTY ) for $500 million to provide upfront costs to install panels for SolarCity's clients. Based on SolarCity's business model, this isn't just charity on Goldman's part.
This $500 million from Goldman is just the tip of the iceberg. The company plans to invest $40 billion in alternative energy over the next 10 years. According to Fool.com contributor Tyler Crowe, the prospects for this investment look pretty promising. Tyler discusses why Goldman sees so much potential in SolarCity and points out some other promising trends in the solar market that could mean good things going forward.
Just like how Goldman adeptly managed its way through th financial crisis, the company is particularly good at finding value in the market. So when it the company makes such a bold statement about solar energy, it is certainly worth taking note. Is Goldman one of the best opportunities in the market today? To answer that question, I invite you to check out The Motley Fool's special report on the bank. In it, Fool banking expert Matt Koppenheffer uncovers the key issues facing Goldman, including three specific areas Goldman investors must watch. To get access to this report, just click here.