EFTA01366617

Amendment #4 Page 188 of 868 a 10 17 222 2610 2011 2012 201a Source Elomtbreg WmDoor Finwt• The cumulative installed capacity of solar energy in South Afnca grew from 0 MW in 2010 to 1 075 MW in 2014, while the cumUative ristaled capacity of wind energy grew from 8 MW to 806 MW during tre same penod. The folowng cren reflects actual and projected growth in South Africa's curnUalwe solar and wed energy generation capacity from 2010 to 2017. South Africa cumulative solar and wind energy generation capacity (in MW). 2010-2017 ain <see • Saar a PA 2.709 ion II 2014 2015E ?OW 20111 Key dnveys ct rensivatne energy gremtii n SoLth Noce South Mnoes Departmerc of Energy expects South Nrica's energy demand to double by 2030 as a result of continued economic and pop ration growth and its current program to expend ore ay/watery of electricity throughout as regions of Sash Africa In 2010. South Pints approved trio Integrated Resource Plan 2010 to 2030 (updated in November 2012), which outlines a strategy for ensunng that eleancay generation capacity is Sultlevent to meet Mute demand n South Alma Under the plan, the South Afncan government guarantees the payment otegations of the primary atilt offtake purchaser under PPAs with renewable energy producers in delved orcurnstarces The Pee facilitated private sector development of renewable energy, as anancing sources and investors rave teen vetting to accept sovereign country nsk without requiring political risk nuance. as would be the case in virtually every otter Afncan junsdchon n Ight of South Mica's relatively strong international credit ;Carding South Africa's Renewable Energy Independent Power Pt:Cotter Rocurement program contevnalales a Iola I 01 6,925 MW of new electricity generation capacity being added from renewable energy technologies through a muttole round bidding process in which renewable energy developers are elgble to rearm a feed -n tard that is determined based on the bOding process Each bid is evaluated under the program based 70% on amount of the proposed tariff and 30% on specified economic development critem Under this program. the government expects to procure 2.925 MW and 3.320 MW of installed solar and wind capacity. respectively. See 'Burgess—Government incenteres—South arias' South Africa's Integated Resource Plan estMabel that renewable energy sources will secant for 42% of al new electricity generation in South Africa over the next 20 years. As a resat. tie South African Department of Energy is developing a long-term plan to factitae the development of a renewable power market Asa signatory to the Kyoto protocol, the goverment has been focused on hiding its carbon reds cIon obligations by increasing the share of renewable resources in its total energy mat. For example. South Africa announced in 2011 a target of 4% of the total energy mix to come from renewable energy sources by 2016 South Afnca a well stated for the development Cl solar power cue to as high levels of solar declaim The Integrated Resource Plan (2010 - 2030) estmaes that solar energy we be a significant portion or the crowd, n renewables and account for 8 4 GW of cumulative capacity by 2030 180 http://cfdocs.btogorcom: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-0058145 CONFIDENTIAL SDNY GM_00204329 EFTA01366617