EFTA01366606.pdf

Amendment #4 Page 177 of 868 lakk..0..cstelesa Source Elbombers New Energy Faunae (II Ws and c1Mu McCort, to "lode *Ow nericts in Au* (..coot seam Abe. Leen Anwar ergIns MrSele Eel a) One rchrerrentrekel• on math Anury Oceans Yuan and ChM Mnual solar energy installations in air initial target markets are expected to add more than 179 GW between 2014 and 2020, repesenthig a CAGR of 32% From 2015 to 2020, 399 GW c4 aggregate Sol3f energy generabcn capacky is expected to be instated globally, requring total investments of approximately 5723 CALICO The folowirg chart reflects tot expected total am. ovestrrent in globs solar energy ins: xiscgs from 20, 5 to 20:a0 Total annual investment in global solar capacity (in billions), 2015-2020 Scre SIC) Saws. Bucerberg Now Energy Fiance Also 11 20111. ?C11E 201* "(WC Solar energy gagmen,' Solar energy systems can be classified into fou segments (0 utday-scale, (ii)eornmamial and 'Weaned. Or car. () reseertel. and (w) off-grid VVe are prima* focused on the lest two of these segments The utety-scalesecarrent represents protects where either the ptrchaser of the electricity or the owner or the system rs an electric 'kitty The Cal segment represents commercial Rm s. ndustnal companies. academe institutions, government enthes. hospitals nonprofits and all other entrees Sat are neither a utaty nor a residential customer that arches, solar power directly from a generation company or a solar power plant The residential segment represents residential homeowners with solar energy generation capabilities The offgrid segment specifies protects that serve energy demand that is rot interconnected with the etecbcty grid. In the Cal segment mast oarnmercial or IlKIUSSI31 hrms Co rot own the solar assets but rather sign a PPA web a generation company that owns to asses Demand for Cal and residential solar is doyen Largely by customers' desire for contracted longterm energy prices. corporate 'green- motives stale and federal incentives andfor net metenng polices Wile solar utility prosiest compete web other whatesale generation plants, solar energy in tot CHI and residential nrkets competes with the retail price of electricity The retail eleanaly cove includes generation costs as well as transmission and disentuton charges Solar generaing assets can be located at a astomer's see, which reduces the customer's transmission and detnbution charges arid allows these disbarred solar generation assets to compete eworeety wile the retail cost ci electnerty By competing with the retail price cc SOCUICIty, solar energ/ is able to reach grid panty and reduce customer electricity costs 103 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-0058134 CONFIDENTIAL SDNY GM_00204318 EFTA01366606