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Technology Stocks : Distributed Energy Systems Corp. (DESC)

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From: Rutgers	3/22/2005 8:04:53 AM
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Goldman Sachs to Buy Wind Energy Company biz.yahoo.com Monday March 21, 11:04 am ET Goldman Sachs to Buy Zilkha, a Wind Energy Development Firm, for an Undisclosed Sum NEW YORK (AP) -- Goldman Sachs Group Inc. said Monday that it agreed to buy a private wind energy development firm for an undisclosed sum. The investment bank said the acquisition of Houston-based Zilkha Renewable Energy will build on its existing portfolio of wind energy assets. Zilkha has a portfolio of nearly 4,000 megawatts in various development stages in about a dozen states. Goldman Sachs said the acquisition includes Zilkha's interests wind power projects in New York and Oklahoma scheduled to be completed in 2005. Selim and Michael Zilkha, the father and son at the head of the company, said they plan to maintain an interest in the new company. The companies expect the deal to close in the second quarter, pending regulatory approvals.

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