Goldman Sachs (GS 0.10%) is investing in a $500 million fund from SolarCity (SCTY +0.00%) that will in help the company install 110 MW of solar. This is the latest in a growing trend of big banks betting on solar power. Erin Miller sat down with solar analyst Travis Hoium to see whether this is a big deal or business as usual.
This is another point of validation for the solar industry.
About the Author
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.