EFTA01366612.pdf

Amendment #4 Page 183 of 868 Jere, toi ems Key drrvera Cl renewable energy grown in China Energy [emend in Dire has ncreased signlicantiy due to rapid indusinalizaton a growing population are inwriving standards ar Imng. Dire has actively teen ;ursine arternabve sources or energy due to enworrnenlal concerns stout pakten problems in major cities and tag) levels cif carton dioxide emissions As pat ci the initiative Chris has °unmated to increase nonfosskfuel generaton capacity to 15% 01 the country's astral total primary energy cox by 2020 Consequently, Chew has cetegonzed renewable energy as one of nne strategic priorities in Ss Ihrleendi Weyer pan for energy (2016 to 2020) Motives to ircrease the level of utezabon of renewatle energy sources through god enhancements and energy storage are also promoted by the genes. government Chin's government has erected sigrifical financial support pokiles to promote the devetVner4 of renewable energy Worries. nellAhng generation-based irnentnaa as well as tax-based reentries In 2009. the Chrese goverment launched a feed-in tanff program fa vend energy This feed-in tariff program makes vend energy projects eligible to receive lands in amain% in excess of the benchmark fart( received by local desuifwaren coal-fired generatrg power plants These tariffs range Iron CNY 0 SlikViih to CNY 0 61&IA% In 2013. Chao launched a feeds tariff program for scats energy. This feed-in tariff program makes soar energy projects node to receive tanffs n an amount in excess of ire benchmark tariff received by local desuturization coal-feed generating power pants These tariffs range from CNY 0 90/k1AM to CNY 100/kWh In edition certain rximnces have launched generation-based intent nee programs b promote solar energy growth with are adders to the national fee0•In tend program Owe has chosen to further incerevee commercial solar insiallabon with a higher generation-based mcenbve policy Brea The installed base of energy generation capacity n BraEll increased from 113 GWei 2010 to 128 6W in 2013. Or a CAGR of 4% The fONOwng tat% sunnentes the components of Brazil t installedenergy generation capacity far 2013: Fuel type frydr0-electric Gas 9 8% BKVOSS 91% Cif 7 8% Ccel 27% YWid 1 8% Solar 01% Total 1000% Retail electncty piss increased in Brazil al a CAGR cl 4% between 2008 and 2012 We expect metal electricity proms in Brazil to continue to nee merely due to the receray announced increase of Brants eleancity tariffs, and overall go." n electncty demand Brazils renewatde power market has also seen signteant growth over the leathers years The cututelive restated capacity of renewable energy sources grew from 66 GW n 2010 to 99 GW in 2013 or a CAGR of 4% Renewable energy accounted for 86% of overall energy capacity growth from 2010 to 2013 Renewable energy sources are expected to grow to 125 GW in 2017. a CAGR of 8% from 2014 to 2017 175 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-0058140 CONFIDENTIAL SDNY_GM_00204324 EFTA01366612