()()()()

2016.03.19

Agenda

Summary

01

/

(/)

Poly-silicon / Wafer

70%

70%10%-

()OCI()Wacker()HemlockREC()

Nexolon() LDK()GCL()Rene Solar() ()

()

Top 5(90%up)

-/

Poly-Silicon

>40%/ Wafer/Ingot

(SharpKyoceraSuntech)

30-60%40-70%

Source: IEK

DuPontFerro+Heraeus()Toyo()Analog() ()

()

-

()20%

(3691)

30-40% 2015 201539.65

Source: 103EnergyTrend

PV Cell Module System

50%20%-

70% ()

(PV inverter)

First Solar() Yingli() JA Solar()Trina()

()() (/)()Kyocera()

SMA()KACO()Fronius()Xantrex()

Top 4(61%)

()

Source: IEK

PV Cell 60-70%

10-20%5%

Module EnergyTrend

2070%35%

Cell 60-70%EVA/Glass/Frame10-15%

()

803 (2015 1H) 5000 MW (2015) 9972 MW (2014)

Source: PIDA

50%

16%

13%

8%

7%

6%

23%

17%

15%

8%

7%

5%

5%

4%

3%

3%

10%

1032015 EnergyTrend, Feb.2015

23 60 14 3 2015 1H (%)

()

2015Q4 : -10.16% : -2.54% : 0.71%

( / W)

90%

15-24%

0.32-0.38

10-17% 0.30-0.39

()(Amorphous Cells)(CIGS)(CdTe)(Thin Film Silicon Solar Cells)(DSSC)

8-13% 10-17%

GaAsCdTe GaAs CdTe

19-32% GaAs 10-15% CdTe

*30%36.8%42-57%

Source: IEK$US/Watt (2016/3/9)

02

Source: Renewables global status report 2015

2014 40GW

80% 50% (FIT)70%

Source: Renewables global status report 2015

:

Green Growth Strategy New Growth Strategy 12th Five-Year Plan Green Growth Strategy the 10th Malaysia Plan

60%

03

2015

/

0.96

2.30-2.45

0.93-1.06

2.78-2.80

4.67-6.48

1978 (PURPA)

(Avoidable Cost)

1980 PV40%4,000

1992 (EPA)

2004 (PTC)

()

20056

200620162005PV2.8/Wp32

20057

PV(ITC)10%30%20062007PV30%2000

20058

PVPV25%PV

PV20 (2014)City State Total Solar PV Installed (MW-DC)

Total Solar PV Rank

Per Capita Solar PV Installed (Watts-DC/Person) Per Capita Rank

Los Angeles CA 170 1 44 15

San Diego CA 149 2 110 4

Phoenix AZ 115 3 76 9

Indianapolis IN 107 4 127 2

San Jose CA 105 5 110 3

Honolulu HI 96 6 276 1

San Antonio TX 88 7 63 10

Denver CO 58 8 89 7

New York NY 41 9 5 44

New Orleans LA 36 10 94 6

San Francisco CA 30 11 36 19

Albuquerque NM 28 12 50 14

Raleigh NC 27 13 62 11

Sacramento CA 25 14 53 12

Las Vegas NV 24 15 40 16

Newark NJ 22 16 78 8

Austin TX 21 17 24 23

Portland OR 21 18 34 21

Jacksonville FL 14 19 17 27

Boston MA 13 20 20 24

200.1%PV6.5%

Environment America Research & Policy Center

PV (2014)

Environment America Research & Policy Center

ITC20162022

(Investment Tax CreditITC) 30%10%

(Energy Policy Act of 2005) 2006112007 (Tax Relief and Health Care Act of 2006) (Emergency Economic Stabilization Act of 2008)

1991 FIT 1991

Feed-in Tariff

Feed-in Tariff (FIT)

THE ENERGY FOX

1999-2000

1999 10

2000 10 202010 12.5%

1999-2000 () 1991

Bechberger Reiche 10%

2000 2009 9,800MW

Statistisches Jahrbuch 2010

1 2 3 5 6 8 11 18 23 32 76 186 296 439

1074

1980 2812

3977 5994

9800

0

2000

4000

6000

8000

10000

12000

1990 1995 2000 2005 2010

MW

p

2010 2050 2010 2050 2020

18% 2030 30% 2050 60% 2050 80%

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.2 0.4 0.5 0.7 1.1 1.9 3.2

4.3 5.2 3.4 3.1 3.6 3.8 4.3 4.7 4.8 4.1 4.5 5.2 6.2 6.6

7.7 7.6 9.3 10.2 11.6

14.2 15.1 16.3 17.0

20.4 23.7 25.5

0.0

5.0

10.0

15.0

20.0

25.0

30.0

%

AGEE-Stat

2010 2050 2010 2050 2020

18% 2030 30% 2050 60% 2050 80%

AGEE-Stat

3.8 15%

8.7 34% 5.2 20%

4.6 18%

1.9 8%

0.9 4%

0.3 1% (2013)

FIT2004

2000 FIT

2004-2011/kWh

(kW) 2004 2005 2006 2007 2008 2009 2010 2011< 30 57.40 54.53 51.80 49.21 46.75 43.01 39.14 28.7430-100 54.60 51.87 49.28 46.82 44.48 40.91 37.23 27.34100-1000 54.00 51.30 48.74 46.30 43.99 39.58 35.23 25.87> 1000 54.00 51.30 48.74 46.30 43.99 33.00 29.37 21.57

PV ()

04

17%

201291.43%2013164.03%201460.15%

23.88GW 2020150GW

15% 20122%203018%

2013 2015750201449

65

2015

16.5%17% 30% CIGSCdTe

12%13%13%12%

GW1000MW

100MW50MW50MW100

100MW 50MW

5.2GW2.5GW7.7GW

1GW

270228

1

2 20%

A+

FIT

20

0.5%

491%

1041.1GW0.61%

4.5-64.6-6.4

0.61%

10320.4%20.6% 104P-Perc

21.10%19.5% 10522%

202520GW 35%