1 Table of Contents 1 Table of Contents 2 1.1 List of Tables 7 1.2 List of Figures 8 2 Executive Summary 9 2.1 Government Support in Conjunction with Technology Development Driving Global Renewable Power Installations 9 2.2 Thermal is the Dominant Source in the Power Mix 9 2.3 Growth Expected in Nuclear and Renewable Sectors 10 3 Introduction 11 3.1 Carbon Emissions, Global, 2001-2015 11 3.2 Primary Energy Consumption, Global, 2001-2025 13 3.3 Solar Thermal Power, Global, Technology Definition and Classification 15 3.3.1 Solar Thermal Power, Technology Definition 15 3.3.2 Parabolic Trough System 15 3.3.3 Central Receiver or Solar Tower System 16 3.3.4 Parabolic Dish or Concentrating Dish System 16 3.3.5 Linear Fresnel Reflectors 16 3.4 Report Guidance 17 4 Renewable Power Market, Global, 2006-2030 18 4.1 Renewable Power Market, Global, Overview 18 4.2 Renewable Power Market, Global, Installed Capacity, 2006-2030 20 4.2.1 Renewable Power Market, Global, Cumulative Installed Capacity by Source Type, 2006-2030 20 4.2.2 Renewable Power Market, Global, Cumulative Installed Capacity Split by Source Type, 2015 and. 2030 22 4.2.3 Renewable Power Market, Global, Comparison among Various Sources, Cumulative Installed Capacity, 2015 - 2030 24 4.3 Renewable Power Market, Global, Power Generation, 2006-2030 26 4.3.1 Renewable Power Market, Global, Power Generation by Source Type, 2006-2030 26 4.3.2 Renewable Power Market, Global, Power Generation, Source Comparison Based on Power Generation, 2015-2030 28 4.4 Renewable Power Market, Global, LCOE Comparison of Power Generating Sources, 2014-2015 29 5 Solar Thermal Market, Global, 2006-2030 32 5.1 Solar Thermal Power Market, Global, Overview 32 5.2 Solar Thermal Market, Global, Installed Capacity, 2006-2030 33 5.2.1 Solar Thermal Power Market, Global, Installed Capacity Share by Region, 2015 and 2030 35 5.3 Solar Thermal Market, Global, Power Generation, 2006-2030 39 5.3.1 Solar Thermal Market, Global, Generation Share by Country, 2015 and 2030 41 6 Power Market, China, 2006-2030 43 6.1 Power Market, China, Overview 43 6.2 Power Market, China, Installed Capacity, 2006-2030 44 6.2.1 Power Market, China, Cumulative Installed Capacity by Fuel Type, 2006-2030 44 6.2.2 Power Market, China, Share in Cumulative Installed Capacity Split by Source Type, 2015 and 2030 47 6.3 Power Market, China, Power Generation, 2006-2030 49 7 Renewable Power Market, China, 2006-2030 51 7.1 Renewable Power Market, China, Overview 51 7.2 Renewable Power Market, China, Installed Capacity, 2006-2030 52 7.2.1 Renewable Power Market, China, Cumulative Installed Capacity by Source Type, 2006-2030 52 7.2.2 Renewable Power Market, China, Cumulative Installed Capacity Split by Source Type, 2006-2030 55 7.3 Renewable Power Market, China, Power Generation, 2006-2030 57 8 Solar Thermal Market, China 60 8.1 Solar Thermal Market, China, Overview 60 8.2 Solar Thermal Power Market, China, Installed Capacity, 2011-2030 61 8.3 Solar Thermal Power Market, China, Power Generation, 2011-2030 63 8.4 Solar Thermal Power Market, China, Project Based Analysis, 2015 65 8.4.1 Solar Thermal Power Market, China, Major Active Plants, 2015 65 8.4.2 Solar Thermal Power Market, China, Key Under-construction Projects, 2015 65 8.5 Solar Thermal Power Market, China, Investment Trends, 2015 66 8.5.1 Solar Thermal Power Market, China, Deal Volume vs. Deal Value, 2006-2015 66 9 Power Market, China, Regulatory Scenario 68 9.1 Overview 68 9.2 Renewable Energy Law 68 9.2.1 Renewable Energy Targets 69 9.2.2 Feed-in Tariff 70 9.2.3 Taxation Measures 70 9.2.4 Grid Access 70 9.2.5 Interconnection Standards 70 9.2.6 Special Fund for Renewable Energy Development 71 9.2.7 Renewable Energy Law Amendments 71 9.3 International Science and Technology Co-operation Program for New and Renewable Energy 71 9.4 Shandong Province Village Renewable Energy Regulations 72 9.5 The 12th Five-Year Plan 72 9.6 New Carbon Intensity Target 72 9.7 China to Join International Renewable Energy Agency 72 9.8 Renewable Energy Tariff Surcharge Grant Funds Management Approach 72 9.9 Renewable Electricity Bonus 73 9.10 Carbon Tax and Carbon Pricing 73 9.11 Financial Incentives and Policy Support for Solar Power, China 73 9.11.1 Golden Sun Program 74 9.11.2 Building Integrated PV Subsidy Program 75 9.11.3 Feed-in Tariff for Solar Projects 75 9.11.4 Distributed PV Power Generation Project 76 9.11.5 Notice of the National Energy Administration and China Development Bank on Supporting the Financial Services to the Distributed Solar PV Power Generation 76 9.11.6 Notice on Effect of Price Leverage to Promote Healthy Development of PV Industry 76 9.11.7 Subsidies for Solar PV in Rural Areas 77 9.11.8 Research and Development Support for Solar PV 77 9.11.9 Shandong Province Energy Fund 78 9.11.10 Shandong Provinces Sunshine Plan 78 9.12 Financial Incentives and Policy Support for Wind, China 78 9.12.1 Feed-in Tariffs for Wind Power 81 9.12.2 Low Interest Rate Loans 81 9.12.3 Value Added Tax and Import Tariff Rebate on Key Wind Turbine Components 81 9.12.4 Market Entry Standards for Wind Equipment Manufacturers 81 9.12.5 Interim Measure on the Management of Offshore Wind Farms 82 9.12.6 Offshore Wind Development Plan 82 9.12.7 Special Fund for the Industrialization of Wind Power Equipment 82 9.12.8 Notice on Integrating and Accommodating Wind Power 82 9.12.9 Hainan Province Plan for the Construction of Wind Farms 83 9.13 Financial Incentives and Policy Support for Hydropower, China 83 9.13.1 Preferential Value Added Tax for Small Hydropower 83 9.13.2 Rural Electrification Policies Favoring Small Hydro Installation 83 9.14 Financial Incentives and Policy Support for Bioenergy, China 83 9.14.1 Feed-in Tariffs for Biomass 83 9.14.2 Support for Biogas Projects 83 9.14.3 Financial Incentives for Ethanol 84 9.14.4 Non-food Biomass Feedstock Standardization Technical Committee 84 9.15 Financial Incentives and Policy Support for Energy Efficiency, China 84 9.15.1 Shandong Province Energy Fund 84 9.15.2 Energy Saving and New Energy Automotive Industry Development Plan 2012-2020 84 9.15.3 National Building Energy Standard 85 10 Solar Thermal Power Market, China, Company Profiles 86 10.1 Company Snapshot: North China Power Engineering Co., Ltd. 86 10.1.1 North China Power Engineering Co., Ltd. - Company Overview 86 10.1.2 North China Power Engineering Co., Ltd. - Major Products and Services 86 10.1.3 North China Power Engineering Co., Ltd. - Head Office 87 10.2 Company Snapshot: Himin Solar Co., Ltd. 88 10.2.1 Himin Solar Co., Ltd. - Company Overview 88 10.2.2 Himin Solar Co., Ltd. - Major Products and Services 88 10.2.3 Himin Solar Co., Ltd. - Head Office 89 10.3 Company Snapshot: China Huaneng Group 90 10.3.1 China Huaneng Group - Company Overview 90 10.3.2 China Huaneng Group - Business Description 90 10.3.3 China Huaneng Group - SWOT Analysis 91 10.3.4 China Huaneng Group - Major Products and Services 94 10.3.5 China Huaneng Group - Head Office 94 10.4 Company Snapshot: China Guodian Corporation 95 10.4.1 China Guodian Corporation - Company Overview 95 10.4.2 China Guodian Corporation - Business Description 95 10.4.3 China Guodian Corporation - SWOT Analysis 96 10.4.4 China Guodian Corporation - Major Products and Services 100 10.4.5 China Guodian Corporation - Head Office 101 11 Appendix 102 11.1 Market Definitions 102 11.2 Abbreviations 103 11.3 Bibliography 103 11.4 Disclaimer 104

1.1 List of Tables Table 1: Carbon Dioxide Emissions from Energy Consumption, Global (MT), 2001-2015 13 Table 2: Primary Energy Consumption, Global (Mtoe), 2001-2025 15 Table 3: Renewable Power Market, Global, Cumulative Installed Capacity by Source Type (MW), 2006-2030 21 Table 4: Renewable Power Market, Global, Cumulative Installed Capacity Split by Source Type (%), 2015 and. 2030 23 Table 5: Renewable Power Market, Global, Source Comparison Based on Installed Capacity, 2015-2030 25 Table 6: Renewable Power Market, Global, Power Generation by Source Type (GWh), 2006-2030 27 Table 7: Renewable Power Market, Global, Power Generation, Source Comparison Based on Power Generation, 2015-2030 29 Table 8: Renewable Power Market, Global, Assumptions for LCOE Calculation 29 Table 9: Renewable Power Market, Global, LCOE Comparison of Power-generating Sources ($/kWh), 2014-2015 31 Table 10: Solar Thermal Market, Global, Installed Capacity (MW), 2006-2030 34 Table 11: Solar Thermal Power Market, Global, Cumulative Installed Capacity Share by Region (%), 2015 and 2030 36 Table 12: Solar Thermal Power Market, Global, Cumulative Installed Capacity Share by Country (%), 2015 and 2030 38 Table 13: Solar Thermal Power Market, Global, Power Generation (GWh), 2006-2030 40 Table 14: Solar Thermal Market, Global, Generation Share by Country (%), 2015 and 2030 42 Table 15: Power Market, China, Cumulative Installed Capacity by Fuel Type(MW), 2006-2030 46 Table 16: Power Market, China, Cumulative Installed Capacity Split by Source Type (%), 2015-2030 48 Table 17: Power Market, China, Power Generation by Fuel Type (GWh), 2006-2030 50 Table 18: Renewable Power Market, China, Cumulative Installed Capacity by Source Type (MW), 2006-2030 54 Table 19: Renewable Power Market, China, Cumulative Installed Capacity Split by Source Type (%), 2015-2030 56 Table 20: Renewable Power Market, China, Power Generation by Source Type (GWh), 2006-2030 59 Table 21: Solar Thermal Power Market, China, Installed Capacity (MW), 2011-2030 62 Table 22: Solar Thermal Power Market, China, Power Generation (GWh), 2011-2030 64 Table 23: Solar Thermal Power Market, China, Major Active Plants, 2015 65 Table 24: Solar Thermal Power Market, China, Key Under-construction Projects, 2015 65 Table 25: Solar Thermal Power Market, China, Deal Volume vs. Deal Value ($m), 2006-2015 67 Table 26: Renewable Energy Law, China, Major Regulations, 2005-2006 69 Table 27: Renewable Energy Policy, China, Renewable Energy Targets (GW) , 2017 and 2020 70 Table 28: Solar PV Market, China, Feed-in Tariffs in Major Provinces, 2015 76 Table 29: Wind Power Market, China, List of Major Policies, 2015 78 Table 30: North China Power Engineering Co., Ltd., Major Products and Services 86 Table 31: Himin Solar Co., Ltd., Major Products and Services 88 Table 32: China Huaneng Group, Major Products and Services 94 Table 33: China Guodian Corporation, Major Products and Services 100 Table 34: Abbreviations 103 1.2 List of Figures Figure 1: Power Market, China, Cumulative Installed Capacity by Type of Power Plant (%), 2015 10 Figure 2: Carbon-di-oxide Emissions from Energy Consumption, Global (MT), 2001-2015 12 Figure 3: Global, Primary Energy Consumption, Global (Mtoe), 2001-2025 14 Figure 4: Renewable Power Market, Global, Cumulative Installed Capacity by Source Type (MW), 2006-2030 20 Figure 5: Renewable Power Market, Global, Cumulative Installed Capacity Split by Source Type (%), 2015 and. 2030 22 Figure 6: Renewable Power Market, Global, Comparison among Various Sources, Cumulative Installed Capacity, 2015-2030 24 Figure 7: Renewable Power Market, Global, Power Generation by Source Type (GWh), 2006-2030 26 Figure 8: Renewable Power Market, Global, Power Generation, Source Comparison Based on Power Generation, 2015-2030 28 Figure 9: Renewable Power Market, Global, LCOE Comparison of Power-generating Sources ($/kWh), 2014-2015 30 Figure 10: Solar Thermal Market, Global, Installed Capacity (MW), 2006-2030 33 Figure 11: Solar Thermal Power Market, Global, Cumulative Installed Capacity Share by Region (%), 2015 and 2030 35 Figure 12: Solar Thermal Power Market, Global, Cumulative Installed Capacity Share by Country (%), 2015 and 2030 37 Figure 13: Solar Thermal Power Market, Global, Power Generation (GWh), 2006-2030 39 Figure 14: Solar Thermal Market, Global, Generation Share by Country (%), 2015 and 2030 41 Figure 15: Power Market, China, Cumulative Installed Capacity by Fuel Type(MW), 2006-2030 45 Figure 16: Power Market, China, Cumulative Installed Capacity Split by Source Type (%), 2015-2030 47 Figure 17: Power Market, China, Power Generation by Fuel Type (GWh), 2006-2030 49 Figure 18: Renewable Power Market, China, Cumulative Installed Capacity by Source Type (MW), 2006-2030 53 Figure 19: Renewable Power Market, China, Cumulative Installed Capacity Split by Source Type (%), 2015-2030 55 Figure 20: Renewable Power Market, China, Power Generation by Source Type (GWh), 2006-2030 58 Figure 21: Solar Thermal Power Market, China, Installed Capacity (MW), 2011-2030 61 Figure 22: Solar Thermal Power Market, China, Power Generation (GWh), 2011-2030 63 Figure 23: Solar Thermal Power Market, China, Deal Volume vs. Deal Value ($m), 2006-2015 66

North China Power Engineering Co., Ltd. Himin Solar Co., Ltd. China Huaneng Group China Guodian Corporation