EFTA01366608

Amendment #4 Page 179 of 868 tisk . Cs!! cm SAlthin our nmal target markets, distntxted Boer energy systems are particularly attracfive n ad:fitting tre heron cal urxlersuppry of energy gereratat capacity in such rrerkets are to their ease and speed of installation releblity. steel:day and ability to be located near the end customer Saar pewee generation ty72.cafrly concedes turn the Imes orpeek snaggy demand and the highest Cost of energy Solar wavy systems generate most of them electncty &ring the afternoon hours. wren tre energy from the sun is strongest This generally corresponds to peak demand hours and the meet expenswe energy prices Acceptance and support Or satin energy. Solar energy has gained increased acceptance from the investment community because it (i) is a resat.* and predictable energy output. (s) has low and predictable operation* and mantenanoe costs. (is) is beer risk than otter energy sources due to misrn0l asset complexity arid use of proven technologies. and (iv) does not face comnxxily risk Wind energy The adoption of wind energy across the globe relative to otter paver generation techncicges is expected to be cloven by its cost coneelerveness, broad resource availabilitY, wed established technology. nooretiarce on water. and ancillary societal benetes. Such as rob creation and energy Stant,. The nog cOmPellinenen of wind energy and its growth relative to other correentional sources of power generation have been driven by • the advanceinr4 of turbine !ethnology. incIImg larger rotor diameters and higher htb heights. has increased energy capture and operational efficiency. • oompetdion among turbine manfacturers and associated manufacturing cost reductions have led to a decline in wind turban, prices of 23% since 2010. • emergence d wind turbines designed specifically for regions with lower wird speeds, allomng for broader deployment of wind energy, and • many countnes have adopted renewable energy targets and linanesaty mentivaed r Nestrrert in wird energy n an effort to reduce carbon emissions 171 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-0058136 CONFIDENTIAL SDNY GM_00204320 EFTA01366608