"Financing significant changes in the current power generation systems globally will require enormous capital. At the same time sovereign wealth funds reach unprecedented levels of resources. Hence the core question of the present study is whether renewable energy is an attractive asset class for sovereign wealth funds to invest in. The method of approach applied is both a quantitative empirical one, by analyzing past performance of various renewable energy assets and comparing it to the investment requirements of sovereign wealth funds, as well as a qualitative one by including non financial strategic objectives of sovereign wealth funds. The result is that from a pure financial performance and risk/return basis, the assets do not necessarily constitute an attractive asset class. It can be concluded therefore that other factors, in particular diversification of their respective economies as well as political and ecological considerations, will have to play an important role to step up funding for renewable energy by Sovereign Wealth Funds."