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Archive for June 23rd, 2007

Investment bank outlines key events necessary for continued growth in the red-hot sector.

Saturday, June 23rd, 2007

By Steve Hargreaves, CNNMoney.com staff writer

Goldman Sachs, the investment bank heavyweight long known for its enthusiasm for alternative fuel sources, outlined five events Thursday it says are key to the rising sector’s growth.

1 - Enacting renewable portfolio standards - These standards, known as RPS, require utilities to buy a certain amount of power from renewable resources - usually between 10 and 25 percent. The idea is to provide a reliable market where producers of renewable electricity can sell their energy.

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