Research from the Hamburg-headquartered alternative asset manager found that 63% of respondents pointed to portfolio returns as motivation for investing in renewables, compared to just 6% which did so based on environmental or ethical rationale.
Diversification and inflation-hedging were highlighted by 12% and 9% of investors respectively as the main driver for gaining exposure to renewable infrastructure.
"Institutional investors are increasingly viewing renewable energies as a growing opportunity within the infrastructure asset class," says Aquila chief executive Roman Rosslenbroich.
"They
