EFTA01366615.pdf

Amendment #4 Page 186 of 868 tehlr..0..centon• The cumulative installed capacity of water energy in India grew from 82 MW n 2010 to 3250 MW by 2014 or a CAGR of 151% The cumuative installed capacity of wnd energy in India grew from 11 GW n 2010 to 21 GW 2014 ore CAGR of 17% The following than reflects actual and prceected growth in cumulative solar and wind energy generation capacity from 2010 to 2020 India cumulative solar and wind energy generation capacity (in MW). 2010-2020 riAr ;CAC t 134 !CSC,. 440C 21.414 osss WIrb SAurc• free* e0 New ben,Fenn nab In )0,0 III 2011 Ill "el 01$ ...• 1014 20103 =WE tett Mile 20 let 20?01 Key clovers el tenewte energy grown re /oda kolas overall demand for energy has ecreased significantly over the last several years due to the inaease in its populaton rapid mlustrakzabcn and improvements in living standards During the same period, th e Indian government Ms increased its locus on developng renewable power generation to dweissfy the range of sources used in energy generation and to reduce greenhouse gas ernssions Dunn; he period horn 21307 to 2012. a total 0118 GW <X renewable energy generating capacity was installed in India, which significantly exceeded the 11 GW that were commissioned and planned by the Indian government Wing ass period Inda's National Action Plan on Climate Charge establishes a goal to generate 15% of is electricty from renewable energy sources other Irian hydro-electric power, by 2019 India has also announced its goal of reducing the courtly s greenhouse gas emissions by ',Seen 20% and 25% from 2035 levels by 2020 VAti expect based on our industry experience. that solar and wind power are well positened to fulfill this expected growth in renewable energy generating capacity Similarly, we expect solar and wind energy technology to increasaily become cost competitive with grid-supplied electricity Heti:coati/ the solar market Fes been augmented by off-grid applications. but on-grid 'natatory:ins have increased in recent years due to increasing price compettiveness and the adoption of new policies and incentives In 2009, the Indian government launcted its flagship soar inibatwe known as Jawaharlal Nerru National Solar Mission. or the 'hlabonal Sdar Mission: to rapidly scale up the devebprent of gnd-connected utury-scve solar pro,ects The National Solar Mission establishes a target of 20 GIN of Metaled solar energy generation capacity by 2022 or approximately 3% of its totat energy generating capacity However, the Ind an Gosemment pans to increase the target to 100 OW by 2022. voth a targeted capacity edition of l GW annually. India's Lanstne of Power has proposed an amendment to The Electricity Act 2003 that ward require Stale Electnog Regulatory Commissions to purchase 8% of their power general on from solar resources by March 2019 a goat that may require as much as 70 GW of new capacity °odd ons Venous state and local imiatmes are also renting the continued deveropment of the solar energy market in Ind:a T re indon state of Guisesi alone is planning KISMIISICer3 el 10OO3 of solar energy capacity by 2022 178 http://cfdocs.btogo.com:27638/cf/drv7/pub/edgar/2015/07/20/0001193125-15-256461/d78... 7/20/2015 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0058143 CONFIDENTIAL SONY GM_00204327 EFTA01366615