They project that 800 billion euros ($857.5 billion) will be spent on Europe's power transmission and distribution, thanks in part to "years of under-investment."
Here are three of Goldman's buy-rated stocks with over 30% upside potential in the next 12 months.
That gives the German stock — which is on Goldman's conviction list — about 35% potential upside.
Goldman has a target price of 2,024 British pence on the stock, giving it around 42.8% upside potential.
Goldman has a target price of 135 euros on the stock, giving it 45.5% upside potential.
Persons:
Goldman Sachs, Goldman, Elia, — CNBC's Michael Bloom
Organizations:
E.on Goldman, E.on, Goldman
Locations:
Europe, Belgian