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Goldman Sachs-backed ReNew Power’s successful attempt at a public listing in the US has rekindled hopes among clean energy firms of a brighter future ahead after the covid-induced turbulence of last year. Deal activity in the renewable energy space grounded to a near halt as developers struggled to complete projects.
Goldman Sachs says that the world’s largest oil firms are successfully coming out of a life-changing crisis and are now ready to garner the benefits. In a recent report, Goldman highlighted that the oil majors are in a sweet spot. Low operating costs and rising oil prices have increased the cash flow and enhanced earnings. This favorable situation beckons golden days for Big Oil’s Seven Sisters.