What is Goldman Sachs doing in rural Texas? Probably some of its bankers have wondered that themselves, when they find they're three hours from the nearest latte.
One of Goldman's subsidiaries, Houston-based Horizon Wind Energy, is constructing a $600 million, 400-megawatt wind farm in the boonies west of Dallas. Financiers of other wind-power projects and explorations, spread across central and west Texas, include Wells Fargo; JPMorgan Chase; Macquarie, Australia's largest investment bank; and John Deere's credit division, which already has close ties to rural America.
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