Investor Presentaiton

Renewable Energy Auctions Reduce Support Cost Auction processes for renewable energy support level setting have reduced support cost worldwide Selected empirical evidence from the EU Page 4 12 June 2019 Selected empirical evidence from Latin America Country/ Technology Price Reduction Capacity / Volume Country/ Technology Price Reduction Capacity / Volume Denmark 2010-T (Wind) 70%↓ + 2.5 GW UK 2014-T (Offshore Wind) Brazil 2014-T Solar 11% + 3.5 GW 50%↓ + 4.3 GW Germany 2015-T 24% +1.5 GW Brazil 2009-T Wind 37% + 12 GW (Solar) Germany 2017-T (Wind) Peru 2010-T 17% + 2.5 GW 78% Solar + 740 GWh Italy 2013-T (Wind) 33% + 2 GW Peru 2010-T Wind 43% + 1,725 GWh Spain 2017-T (Solar) + 4 GW 23% Chile 2014-T Solar 50%↓ + 580 GWh Spain 2017-T (Wind) + 4 GW Chile 2015-T Wind 45% ↓ +4.400 GWh | Reform of the Renewable Energy Support Scheme System in Bosnia and Herzegovina giz

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