Zilkha Renewable Energy, owned by Selim and Michael Zilkha, is one of the US’ leading independent wind energy development companies, with a portfolio of nearly 4,000-megawatts in various stages of development in a dozen states.
Goldman Sachs will acquire 100% of Zilkha’s interests in the 200-megawatt Flat Rock Wind Power Project in Lewis County, New York, as well as 100% of Zilkha’s interest in the 150-megawatt Blue Canyon phase II Project in Oklahoma, both of which are expected to be completed by the end of 2005.
Goldman Sachs is already a global leader in the energy field, with major positions in traditional energy development, power marketing and commodities trading, and energy finance. Building on our existing portfolio of wind energy assets is a logical extension of our strategy, said Henry Paulson, Goldman Sachs’ chairman and CEO.
Goldman Sachs believes that wind and other renewable forms of energy will become an increasingly important part of the world’s energy mix, and Goldman Sachs aspires to play a leading role in this high-growth industry.
