1 Table of Contents 1 Table of Contents 2 1.1 List of Tables 6 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 Power Market in the UK has Its Interest Enticed in Renewables 9 2.3 Government Support Driving the UK Solar Photovoltaic (PV) Market 10 3 Introduction 11 3.1 Carbon Emissions, Global, 2001-2015 11 3.2 Primary Energy Consumption, Global, 2001-2025 13 3.3 Solar photovoltaic (PV) Power, Global, Technology Definition and Classification 15 3.4 Report Guidance 16 4 Renewable Power Market, Global, 2006-2030 17 4.1 Renewable Power Market, Global, Overview 17 4.2 Renewable Power Market, Global, Installed Capacity, 2006-2030 19 4.2.1 Renewable Power Market, Global, Cumulative Installed Capacity by Source Type, 2006-2030 19 4.2.2 Renewable Power Market, Global, Cumulative Installed Capacity Split by Source Type, 2015 and. 2030 21 4.2.3 Renewable Power Market, Global, Comparison among Various Sources, Cumulative Installed Capacity, 2015 - 2030 23 4.3 Renewable Power Market, Global, Power Generation, 2006-2030 25 4.3.1 Renewable Power Market, Global, Power Generation by Source Type, 2006-2030 25 4.3.2 Renewable Power Market, Global, Power Generation, Source Comparison Based on Power Generation, 2015-2030 27 4.4 Renewable Power Market, Global, LCOE Comparison of Power Generating Sources, 2014-2015 28 5 Solar Photovoltaic (PV) Market, Global, 2006-2030 31 5.1 Solar Photovoltaic (PV) Market, Global, Overview 31 5.2 Solar Photovoltaic (PV) Market, Global, Installed Capacity, 2006-2030 33 5.2.1 Solar Photovoltaic (PV) Market, Global Cumulative Installed Capacity Share by Region, 2015 and 2030 35 5.2.2 Solar Photovoltaic (PV) Market, Global Cumulative Installed Capacity Share by Country, 2015 and 2030 37 5.3 Solar Photovoltaic (PV) Market, Global, Power Generation, 2006-2030 39 5.3.1 Solar Photovoltaic (PV) Market, Global, Generation Share by Region, 2015 and 2030 41 5.3.2 Solar Photovoltaic (PV) Market, Global, Generation Share by Country, 2015 and 2030 43 6 Power Market, United Kingdom, 2006-2030 45 6.1 Power Market, United Kingdom, Overview 45 6.2 Power Market, United Kingdom, Installed Capacity, 2006-2030 46 6.2.1 Power Market, United Kingdom, Cumulative Installed Capacity by Fuel Type, 2006-2030 46 6.2.2 Power Market, United Kingdom, Share in Cumulative Installed Capacity Split by Source Type, 2015 and 2030 49 6.3 Power Market, United Kingdom, Power Generation, 2006-2030 51 7 Renewable Power Market, United Kingdom, 2006-2030 54 7.1 Renewable Power Market, United Kingdom, Overview 54 7.2 Renewable Power Market, United Kingdom, Installed Capacity, 2006-2030 55 7.2.1 Renewable Power Market, United Kingdom, Cumulative Installed Capacity by Source Type, 2006-2030 55 7.2.2 Renewable Power Market, United Kingdom, Cumulative Installed Capacity Split by Source Type, 2015 and 2030 58 7.3 Renewable Power Market, United Kingdom, Power Generation, 2006-2030 60 8 Solar Photovoltaic (PV) Market, United Kingdom 63 8.1 Solar Photovoltaic (PV) Market, United Kingdom, Overview 63 8.2 Solar Photovoltaic (PV) Market, United Kingdom, Installed Capacity, 2006-2030 64 8.3 Solar Photovoltaic (PV) Market, United Kingdom, Power Generation, 2006-2030 66 8.4 Solar Photovoltaic (PV) Market, United Kingdom, Project Based Analysis, 2015 68 8.4.1 Solar photovoltaic (PV) Market, United Kingdom, Major Active Plants, 2015 68 8.4.2 Solar Photovoltaic (PV) Market, United Kingdom, Key Under-construction Projects, 2015 70 8.5 Solar Photovoltaic (PV) Market, United Kingdom, Investment Trends, 2015 71 8.5.1 Solar Photovoltaic (PV) Market, United Kingdom, Deal Volume vs. Deal Value, 2006-2015 71 8.5.2 Solar Photovoltaic (PV) Market, United Kingdom, Split by Deal Type, 2015 73 9 Regulatory Energy Policy Framework, United Kingdom 74 9.1 Overview 74 9.2 Electricity Market Reform 2011 75 9.3 Carbon Price Floor, 2015 76 9.4 Renewable Energy Targets 76 9.5 Climate Change Act 76 9.6 Renewable Energy Strategy 2009 76 9.7 Renewable Energy Guarantees of Origin 77 9.8 Renewable Obligation Order 78 9.9 Feed-in-Tariffs 79 9.9.1 Solar Power FiT 80 9.9.2 Wind Power FiT 82 9.9.3 Hydropower FiT 82 9.9.4 Biomass Power FiT 83 9.10 Climate Change Levy 84 9.11 Policy Support for Energy Efficiency 85 9.11.1 Carbon Reduction Commitment Energy Efficiency Scheme 85 9.11.2 Enhanced Capital Allowances 86 10 Solar Photovoltaic (PV) Market, United Kingdom, Company Profiles 87 10.1 Company Snapshot: Trina Solar Limited 87 10.1.1 Trina Solar Limited - Company Overview 87 10.1.2 Trina Solar Limited - Business Description 87 10.1.3 Trina Solar Limited - SWOT Analysis 87 10.1.4 Trina Solar Limited - Major Products and Services 91 10.1.5 Trina Solar Limited - Head Office 91 10.2 Company Snapshot: TerraForm Power, Inc. 92 10.2.1 TerraForm Power, Inc. - Company Overview 92 10.2.2 TerraForm Power, Inc. - Major Products and Services 92 10.2.3 TerraForm Power, Inc. - Head Office 92 10.3 Company Snapshot: Primrose Solar 93 10.3.1 Primrose Solar - Company Overview 93 10.3.2 Primrose Solar - Major Products and Services 93 10.3.3 Primrose Solar - Head Office 93 10.4 Company Snapshot: Lightsource Renewable Energy Limited 94 10.4.1 Lightsource Renewable Energy Limited - Company Overview 94 10.4.2 Lightsource Renewable Energy Limited - Major Products and Services 94 10.4.3 Lightsource Renewable Energy Limited - Head Office 94 10.5 Company Snapshot: China Sunergy Co., Ltd. 95 10.5.1 China Sunergy Co., Ltd. - Company Overview 95 10.5.2 China Sunergy Co., Ltd. - Business Description 95 10.5.3 China Sunergy Co., Ltd. - SWOT Analysis 96 10.5.4 China Sunergy Co., Ltd. - Major Products and Services 101 10.5.5 China Sunergy Co., Ltd. - Head Office 101 10.6 Company Snapshot: British Solar Renewables Limited 102 10.6.1 British Solar Renewables Limited - Company Overview 102 10.6.2 British Solar Renewables Limited - Major Products and Services 102 10.6.3 British Solar Renewables Limited - Head Office 102 11 Appendix 103 11.1 Market Definitions 103 11.2 Abbreviations 104 11.3 Bibliography 104 11.4 Disclaimer 105

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 20 Table 4: Renewable Power Market, Global, Cumulative Installed Capacity Split by Source Type (%), 2015 and. 2030 22 Table 5: Renewable Power Market, Global, Source Comparison Based on Installed Capacity, 2015-2030 24 Table 6: Renewable Power Market, Global, Power Generation by Source Type (GWh), 2006-2030 26 Table 7: Renewable Power Market, Global, Power Generation, Source Comparison Based on Power Generation, 2015-2030 28 Table 8: Renewable Power Market, Global, Assumptions for LCOE Calculation 28 Table 9: Renewable Power Market, Global, LCOE Comparison of Power-generating Sources ($/kWh), 2014-2015 30 Table 10: Solar Photovoltaic (PV) Market, Global, Installed Capacity (MW), 2006-2030 34 Table 11: Solar Photovoltaic (PV) Market, Global, Cumulative Installed Capacity Share by Region (%), 2015 and 2030 36 Table 12: Solar Photovoltaic (PV) Market, Global, Cumulative Installed Capacity Share by Country (%), 2015 and 2030 38 Table 13: Solar Photovoltaic (PV) Market, Global, Power Generation (GWh), 2006-2030 40 Table 14: Solar Photovoltaic (PV) Market, Global, Generation Share by Region (%), 2015 and 2030 42 Table 15: Solar Photovoltaic (PV) Market, Global, Generation Share by Country (%), 2015 and 2030 44 Table 16: Power Market, United Kingdom, Cumulative Installed Capacity by Fuel Type(MW), 2006-2030 48 Table 17: Power Market, United Kingdom, Cumulative Installed Capacity Split by Source Type (%), 2015-2030 50 Table 18: Power Market, United Kingdom, Power Generation by Fuel Type (GWh), 2006-2030 53 Table 19: Renewable Power Market, United Kingdom, Cumulative Installed Capacity by Source Type (MW), 2006-2030 57 Table 20: Renewable Power Market, United Kingdom, Cumulative Installed Capacity Split by Source Type (%), 2015 and 2030 59 Table 21: Renewable Power Market, United Kingdom, Power Generation by Source Type (GWh), 2006-2030 62 Table 22: Solar Photovoltaic (PV) Market, United Kingdom, Installed Capacity (MW), 2006-2030 65 Table 23: Solar Photovoltaic (PV) Market, United Kingdom, Power Generation (GWh), 2006-2030 67 Table 24: Solar Photovoltaic (PV) Market, United Kingdom, Major Active Plants, 2015 68 Table 25: Solar Photovoltaic (PV) Market, United Kingdom, Key Under-construction Projects, 2015 70 Table 26: Solar Photovoltaic (PV) Power Market, United Kingdom, Deal Volume vs. Deal Value ($m), 2006-2015 72 Table 27: Solar Photovoltaic (PV) Market, United Kingdom, Deals by Type, 2015 73 Table 28: Renewable Obligation, Technology Eligibility, UK, 2015 78 Table 29: Renewable Obligation (ROC/MWh), UK, 2009-2016 79 Table 30: Solar Power Feed-in Tariffs ($/kWh), UK, 2015-2016 81 Table 31: Wind Power Feed-in Tariffs ($/kWh), UK, 2015-2016 82 Table 32: Hydropower Feed-in Tariffs, UK, 2015-2016 83 Table 33: Anaerobic Digestion and Combined Heat and Power Feed-in Tariffs ($/kWh), UK, 2013-2016 83 Table 34: Climate Change Levy ($/kWh), UK, 2014-2016 84 Table 35: Carbon Price Support Rates* for Climate Change Levy, UK, 2014-2016 85 Table 36: Trina Solar Limited, Major Products and Services 91 Table 37: TerraForm Power, Inc., Major Products and Services 92 Table 38: Primrose Solar, Major Products and Services 93 Table 39: Lightsource Renewable Energy Limited, Major Products and Services 94 Table 40: China Sunergy Co., Ltd., Major Products and Services 101 Table 41: British Solar Renewables Limited, Major Products and Services 102 Table 42: Abbreviations 104 1.2 List of Figures Figure 1: Power Market, The UK, Cumulative Installed Capacity, MW, 2006-2030 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 19 Figure 5: Renewable Power Market, Global, Cumulative Installed Capacity Split by Source Type (%), 2015 and. 2030 21 Figure 6: Renewable Power Market, Global, Comparison among Various Sources, Cumulative Installed Capacity, 2015-2030 23 Figure 7: Renewable Power Market, Global, Power Generation by Source Type (GWh), 2006-2030 25 Figure 8: Renewable Power Market, Global, Power Generation, Source Comparison Based on Power Generation, 2015-2030 27 Figure 9: Renewable Power Market, Global, LCOE Comparison of Power-generating Sources ($/kWh), 2014-2015 29 Figure 10: Solar Photovoltaic (PV) Market, Global, Installed Capacity (MW), 2006-2030 33 Figure 11: Solar Photovoltaic (PV) Market, Global, Cumulative Installed Capacity Share by Region (%), 2015 and 2030 35 Figure 12: Solar Photovoltaic (PV) Market, Global, Cumulative Installed Capacity Share by Country (%), 2015 and 2030 37 Figure 13: Solar Photovoltaic (PV) Market, Global, Power Generation (GWh), 2006-2030 39 Figure 14: Solar Photovoltaic (PV) Market, Global, Generation Share by Region (%), 2015 and 2030 41 Figure 15: Solar Photovoltaic (PV) Market, Global, Generation Share by Country (%), 2015 and 2030 43 Figure 16: Power Market, United Kingdom, Cumulative Installed Capacity by Fuel Type(MW), 2006-2030 47 Figure 17: Power Market, United Kingdom, Cumulative Installed Capacity Split by Source Type (%), 2015-2030 49 Figure 18: Power Market, United Kingdom, Power Generation by Fuel Type (GWh), 2006-2030 52 Figure 19: Renewable Power Market, United Kingdom, Cumulative Installed Capacity by Source Type (MW), 2006-2030 56 Figure 20: Renewable Power Market, United Kingdom, Cumulative Installed Capacity Split by Source Type (%), 2015 and 2030 58 Figure 21: Renewable Power Market, United Kingdom, Power Generation by Source Type (GWh), 2006-2030 61 Figure 22: Solar Photovoltaic (PV) Market, United Kingdom, Installed Capacity (MW), 2006-2030 64 Figure 23: Solar Photovoltaic (PV) Market, United Kingdom, Power Generation (GWh), 2006-2030 66 Figure 24: Solar Photovoltaic (PV) Market, United Kingdom, Deal Volume vs. Deal Value ($m), 2006-2015 71 Figure 25: Solar Photovoltaic (PV) Market, United Kingdom, Split by Deal Type (%), 2015 73

Trina Solar Limited TerraForm Power, Inc. Primrose Solar Lightsource Renewable Energy Limited China Sunergy Co., Ltd. British Solar Renewables Limited