EFTA01366611

Amendment Page 182 of 868 Solar, wind and hydro-electric energy markets Set forth below is a urinary of tee key markets in which the reeds in ow into.' poi/olio operate or that we expect to have worts operatrg in the near term China The installed base of energy generation capacity n Cerhe increased am 963 GW n 2010 so 1,245 GW in 2013. or a CAGR of 9% The components of Chinas installed energy generaton capacity for 2013 table surnmanzes the Fuel type Percentage Coal 638% I-Ardro-electric 20.8 Wnd 7.2 Gas 3.7 Solar 1.8 Nuclear 1.2 1.1 ql Biomass 0.7 Total 100.0% Retail electncty prices have nsen In China at a CAGR of 7% ever a Sevellett period We expect retail electricity paces mann to contnue to rise pinny* due to increasing costs of contentional energy, an expending riddle data, recreated inclustnakzaton and cortinwng environmental restnctions en ccrwenecnal energy sources China's renewable power Market Ras also seen significant growth over the last three years. The cueulabve installed capaciw of renewable energy sources in Chma grew Iron 249 GW in 2010 to 377 GW m 2013, or a CAGR of 15% Renewable energy accointe3 for 48% of overall energy capacity growthfrom 2010 to 2013 Renewable energy sources are expected to grow to 541 GW in 2017. or a CAGR of 9% horn 2014 to 2017 Cniro's cumulate.e solar energy generation capacity gew horn 789 MW n 2010 to 32 9 GW in 2014. representing a CAGR d 154%. Owing the same period the cumulative wind energy generator. capacity 911W from 42 GW to 110 GW or a CAGR or 27% The chart below stows the comulatwe solar andwind energy generation capacity in China's sdar and wrd energy market from 2010 to 2020 China cumulative solar and wind energy generation capacity (in MW). 2010-2020 ev,v4 (CAM tiro &am> eseiro cage' Mt 297334 MOM 2194.5A6 20. 183,111 Isaias 400 innia arm 2010 2011 2012 2013 2014 0815E 21116E 2017E 20111E 2019E 702CE Sans tloomeer914re energy Plnanoe 174 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-0058139 CONFIDENTIAL SONY GM_00204323 EFTA01366611