Amendment #4 Page 175 of 868 1:011.7 ten coM•rt• Industry Wiese cthenmse spooled we have reed upon the data cdecred and pobiened by Becrnberg New Energy Finance (as accessed on June I. 201A with respect to a7 or The data mckdecl In the pecepnclus retating tone wed the various so* and wren energy markets, mc‘uclog the expected growth of our "4e' target markets over the pencds specrred herein Bloomberg New &orgy Finance is a market research arm focused on the energy sector tat have Owl 2013 market data instead or 2014m OrtUrnStanCOS MOM 2013e the most recent paned for which hrslonca' data is avaaatM See 'Industry and market data' to more Informaton Al temente. to IOW& G1/241m this secten represent the egad capacity at standard test co.-Karon! of energy generating lactates Overview of the clean energy industry Global power generascn capacity Is forecasted to expand by 47% tram 4 739 GW in 2010 to 6,970 GW in 2020 Clean power sources. including solar, wind, hydro- eleariaty and geothermal as well as natural gas are expected to ocean tor 76% of the new power generation capecey added globally from 2010 to 2020 Solar and wind energy generation are are fasted growing segments of cean energy. with CAGRs of 31% and 14%, respect sly, during trn perod. Through 2020 an esornatec 521 lotion of itwestrrent in gbba I renewable power wnerat ion capacity a forecasted to be required which would realize an average annual investment of approximately 5343 Newt We estimate that a poroxinNately 35% ol these global renewable energy capacity arlistons will occur in our reel target markets The fozowing chart reflects the hatoncal and projected evolution of cumalatrve instated genera/on capaoty from various sources from 2010 to 2020 Global cumulative power generation capacity (in GIN). 2010-2020 6 In) 721 •Coffro • (rnai *COS 'flan flbQo •Saioe • we', 6 462 5 987 62N 4 to 499 9,2,6 266 5.149 33.t I 2,4 II I 1111 si a a II I I II 5'4: IN •41, :MO 201 2,512 2013 2404 2015,4E to 201'yE 211 FOE WIOE 4021.*: nay Yew' reorewror rotemal a^d homers 54urre frocerberyNew Emrtir form* Man our Intel target markets. cunwlatwe generation capacity horn renewable energy soirees Is excected to grow at a CAGR of 9% from 2014 to 2017. with solar and wind sources expected to grow at a combined CAGR of 23% axing trts period 162 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-0058132 CONFIDENTIAL SDNY GM_00204316 EFTA01366604