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Investor Presentaiton

REmap A Renewable Energy Roadmap O IRENA International Renewable Energy Agency Generation adequacy and flexibility needs At least 4 GW of dispatchable generation (both renewable and non- renewable) required To cover peak power demand with low VRE generation Incorporating flexibility needs into long-term generation expansion plans with corresponding intermediate targets is essential Appropriate financial mechanisms are required in order to guarantee that the firm capacity, alongside flexibility services are available. Financial mechanisms should consider the new reduced utilisation Power (MW) 5000 Peak-Demand- 4000 Peak Residual Demand 3000 2000 Wind + Solar PV 1000 Dispatchable plants 0 Min Demand 2030 Curtailment at 55% instant penetration limit Curtailment at 75% instant penetration limit Min Residual Demand 2030 40 80 100 120 -1000 0 20 60 Percent of hours of the year (%, sorted) Load Duration Curve in 2030 Residual Load Duration Curve in 2030 Load Duration Curve in 2015 Dispatchable capacity (no hydro) of dispatchable plants Conventional generation would be used less amount of time, but still required; incentives should ensure that this type of generation is available 24
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