Backing from institutional investors for renewable energy generation capacity is likely to rise $210 billion over the next five years, with utility-scale PV capturing a 43% slice, according to a new report from Octopus Investments. Respondents to The green investor: why institutional investing holds the key to a renewable energy future, cited solar as of interest more often than was the case for rival renewable technologies. The number of respondents that would not consider investing in grid-scale solar was the smallest recorded. Over the next five years, 45% of respondents said they would increase their investment in renewable energy by 10%. Backing for renewables accounted for 4.4% of the total asset volume of the surveyed institutions and if they were to realize their growth plan in that asset class, renewable energy investment would account for 7.1% of the total asset volume in five years’ time – a $210 billion increase. According to the report, market volatility across all sectors is working to renewables’ benefit, as institutional investors seek to diversify portfolios.