- Goldman Sachs is heralding the arrival of the new ‘Green Energy Majors’.
- The bank is estimating a €10 trillion investment into the sector by 2050.
- Here are the new energy titans, and the upside to investing in them, according to Goldman Sachs.
The green revolution has ushered a new generation of energy majors that will dominate the sector and overtake the traditional oil and gas giants in terms of size and prominence.
Already, investors are pushing cash into the green story. In 2020, the combined market value of the three green supermajors – Italian utility Enel, Danish wind power firm Orsted and Spanish power company Iberdrola – overtook the combined market capitalization of Total, BP and Shell, standing at €231 bln ($280.12 bln) and €214 bln ($259.50 bln) respectively.
These European players are already dominating their domestic markets, accounting for 60% of the region’s utility sector’s market cap. But with commitments to achieve net-zero emissions from nations around the world, these early entrants stand to make significant returns globally, according to research by Goldman Sachs.