18日下午绿证市场研讨会

EDF

&

UPCInternational

FootprintNorth

America

Development

OverviewChina

Development

OverviewDirect

Renewable

Energy

Power

Supply2Contents3October

2017EDF

energies

nouvelles

acquires

UPC

China

(July

2016)Following

the

acquisition,

EDF

Energies

Nouvelles

owns

80%

of

UPC

Asian

Wind

Management

–

UPC’sChina

assets

and

operational

team.EDF

group

has

strong

roots

in

China

where

it

has

been

active

for

over

30

years

through

activities

in

nuclear,thermal,

hydro

generation

and

energy

services.EDF

Energies

Nouvelles

&

UPC

ChinaINTERNATIONALFOOTPRINTEDF

EN

RESULTSStrong

momentum

in

new

markets;sustained

level

of

construction

startsFINANCIAL918

M€

EBITDA306

M€

Nete1,358

M€

Consolidated

RevenuesPERFORMANCE9.6

GW

Gross

Installed1.8

GW

UnderConstructionO&M

Managed:

13.5

GW16.5

billion

kWh

of

energy

generatedAcquisition

of

UPC

in

China;construction

starts

in

Brazil,

Chile,OPERATIONALNew

contract

in

UK

for

BatteryStorage

projectCAPACITYat

31

December201688.4%9.3%2.3%wind8,495

MWsolar900

MWpother219

MW9,614

MWgross21NORTH

AMERICA

|

4,441

MW

AFRICA,

MIDDLE

EAST,

ASIA

|

612

MWEUROPE

|

4,561

MWcountries5October

2017Established

markets

:

Europe

and

North

AmericaNorth

America

Europegross

installedgross

installed4

441

4,561,

MW

MWCanada500

MWWind

/

SolarFrance1,395MWWind

/Solar

Distributed

solarMexico392

MWWindUnited

States3,526MWWind

/

Solar

Biogas

/BiomasPortugal535

MWWindSpain83

MWSolar

/BiomasUnited

Kingdom656

MWWind

/

OffshoreBulgaria63

MWSmall

hydroDenmark*6

MWWindGermany3

MWWindPoland106

MWWindItalia384

MWWind

/

SolarBelgium325

MWOffshoreGreece265

MWWind

/

SolarTurkey650

MWWindGlobal

footprint

10GW

in

21

countries

(1/2)6October

2017Emerging

markets

:

Africa,

Middle-East

and

AsiaSouth

AmericaUnderdevelopmentAfrica,Middle-East

and

Asiagross

installed838MWIsrael158

MWSolarChina400

MWWind172

MWWind

/

SolarSouth

Africa108

MWWindMoroccoWindBrazilWind/SolarChileWind

/

SolarGlobal

footprint

10GW

in

21

countries

(2/2)7October

2017NORTH

AMERICADEVELOPMENTOVERVIEWNORTH

AMERICA(operating

&

developed)Powering

Progress

For

A

SustainableFutureExperts

in

all

areas

of

projectdevelopment,

operations,

andmanagementsite

selectionresource

assessmentproject

designpermittingprocurement

of

equipmentFinancingConstructionlong-term

managementoperations

and

maintenanceproject

missioning

andrepowering9October

2017CONTINUOUSGROWTHRobustpipeline10October

2017Over

8

GW

ofdevelopmentacross

NorthAmerica2016ECONOMIC

IMPACT11October

2017CHINADEVELOPMENTOVERVIEWPowering

Progress

For

A

SustainableFutureChina

(operating)Experts

in

all

areas

of

projectdevelopment,

operations,

andmanagementsite

selectionresource

assessmentproject

designpermittingprocurement

of

equipmentFinancingConstructionlong-term

managementoperations

and

maintenanceInner

MongoliaLiaoningBaiqi

IWind

project50MWLingHai

IWind

project50MWKangIWind

project50MWFeiCheng

IWind

project50MWHuangYan

IWind

project42MWGuangxiGongCheng

IWind

project50MWGongCheng

IIWind

project50MWQuanZhou

IWind

project50MWQuanZhou

IIWind

project50MWDarongShanWind

project26MWSh13October

2017China

pipelineRobustpipelineOver

2.5

GW

ofdevelopmentacross

Chinaincluding

windand

solarInner

MongoliaLiaoningIMARWind

project50MWLiaoNingWind

project196MWGuangXiWind

project622MWShanDongWind

206MW

Solar

150MWHunanWind

project200MWHunanGuiZhouWind

project98MWShJiangsuYunanYunnanWind

project200MWGuizhou

FujianGuangDongSolar

project50MWGuangxiGuangdongFujianSolar

project30MWHebeiSolar

project30MWShanghaiShangHaiSolar

project20MWJiangsuWind

350MW

Solar

150MWZheJiangWind

133MW

Solar

50MWHubeiWind

100MW

Solar

30MWHebeiHubei14October

2017DIRECTRENEWABLE

ENERGYPOWER

SUPPLY16What

is

a

corporate

renewable

PPADeveloper电力供应商Buyer购电方Commercial

termContract

lengthVolume

&

Price

…

商业条款合同期限数量及价格…PPAPPA(Power

Purchase

Agreement)A

PPA

is

a

contract

between

the

buyer

(off-taker)

andthe

power

producer

(developer,

Independent

PowerProducer,

investor)

to

purchase

electricity

at

a

pre-agreed

price

for

a

pre-agreed

period

of

time.

Thecontract

contains

the

commercial

terms

of

theelectricity

sale:

contract

length,

point

of

delivery,delivery

date/times,

volume,

price

and

product.

Theelectricity

sold

under

a

PPA

can

be

from

existingrenewable

energy

supply

or

a

new

build

project.PPA(购电协议)PPA是买方（承租人）和发

（开发商，独立电力生产者，投资者）之间的合约，以预先约定的时间段以预先约定的价格

电力。合同包含电力销售的商业条款：合同期限，交货点，交货日期/时间，数量，价格和产品。

根据PPA销售的电力可以来自现有的可再生能源供应或新的建设项目。Synthetic

PPA

structuresBuyer

agrees

a

PPA

(fixed*

or

discount-to-market)

price

with

thedeveloper

to

purchase

the

electricity

it

will

generate.

It

will

alsoagree

the

renewable

s;Buyer

enters

into

a

back-to-backPPA

to

sell

the

electricity

tothe

utility;Generator

will

transfer

the

electricity

to

theutility,

which

willsleeve

it

through

the

grid

to

buyer

consumption

sites.The

corporate

buyer

agrees

a

PPA

price

with

the

developerand

aprice

for

renewable

s;Developer

delivers

renewable

energy

to

the

grid

and

is

paid

by

autility

a

variable

spot

price;The

developer

and

the

corporate

buyer

settle

the

differencebetweenthe

variable

market

price

and

the

strike

price

andthedeveloper

delivers

renewable s

to

the

buyer;

andThe

buyer

continues

to

buy

its

power

from

the

utility

at

thevariable

market

price,

which

is

now

hedged

by

the

synthetic

PPA.Source:

WBCSD

corporate

renewable

power

purchase

agreement17October

2017CORPORATEPURCHASER

DEALSOn

thewholesalemarketMore

diverse

customers

thanany

other

wind

companyIndustry

wide

corporatebuyers

represent

over

50%of

MWs

built

in

2016Over

1

GW

contracted

withCorporates

by

EDF

(US

&Mexico)18October

2017Corporate

renewable

PPAs

around

the

globeChinaapproaches

emerging

withpower

market

reformEDF,Source:

WBCSD

corporate

renewable

power

purchase

agreement19October

2017China

market

progressJan-16Mar-16Aug-16Oct-16Electric

reformation

pilotprovinces

established

(Shanxi)Power

trading

centersestablished

(Beijing,

Guangzhou),and

each

provinceT&D

price

published

(12provinces

and

growing,

now

24+)Power

trading

company

entryconditions

published2017In

2017growing

volume

(andparticipation

bygencos

and

endusers)

of

traded

power

in

differentprovincial

marketsPower

trading

evolutionPolicyPublish

dateMar-15《关于进一步深化电力

的

》（中发【2015】9号）[Sector

reform]《关于推进输配电价

的实施意见》[T&D

price

guidance]《关于推迕电力市场建设的实施意见》[Electric

market

building]《关于电力交易机构组建和规范运行的实施意见》[Power

trading]Nov-15

•《关于有序放开放用电计划的实施意见》[Power

consumption

plan]《关于推进售电侧

的实施意见》[Generation

side

reform]《关于加强和规范燃煤自备电厂监督管理的指导意见》[Limit

inside

fence

thermal]Aug-16《关于报送增量配电业务试点项目》[Distribution

network

development]Oct-16《售电公司准入不退出管理办法》[Power

trading

co.

entryconditions]《有序放开配电网业务管理办法》[Power

trading

co.

entryconditions]Dec-16证（供电类）有关事项的《关于对拥有配电网运营权的售电公司颁发管理电力业务通知》[Power

trading

license]20October

2017Sustainability:

Carbon

emissions

management

renewables

objectivesCorporate

stewardship

and

branding:

recognition

for

climarenewable

energy

objectivesCosts:

Long-term

power

price

cost

locked

and

transparentLong-term

fossil

fuel

pricevolatilityLCOEs

decliningeadership