Fit for growth:The impact of renewable energypolicy ontechnology deployment

Tim RichardsManaging Director, Energy PolicyGE Energy

GE’s diverse renewable solutions

Wind

Solar Biomass

Waste heat recovery

High-efficiency technology & expertise for sustainable development

China & EU lead policy-driven growth

Europe

DriversEU Directive 20%/’20 (~33% elec)Member State FITs/quotas

Opportunity~140 GW wind ’11-20~50 GW solar PV ’11-20

Asia Pacific

DriversAUS … Nat’l RPS 20%/’20JAP … Nat’l RPS 1.6%/’14KOR … Nat’l RPS 10%/’22NZ … Nat’l RPS 90%/’25VN … 5%/’20TN … 10%/’22

Opportunity~10 GW wind ’11-20

North America

DriversUS PTC/ITC/Grant + State RPSCAN Provincial RPS/Targets

OpportunityUS State RPS ~40 GW wind ’11-20US State RPS ~15 GW solar PV ’11-20CAN ~15 GW wind ’11-20

Latin America

DriversBRZ, ARG … wind auctionsCHI … Nat’l RPS 10%/’24

Opportunity~10 GW wind ’11-20

Mid East & Africa

DriversEGY … 20%/’20JOR … 10%/’20MOR … 20%/’20S AFR … 13%/’20

Opportunity~10 GW wind ’11-20~2 GW solar PV ’11-20

China

DriversNat’l wind goal 150 GW by ’20Nat’l solar goal 10 GW by ’15, 50 GW by ’20Nat’l RPS 3%/’10, 8%/’20

Opportunity~110 GW wind ’11-20~50 GW solar PV ’11-20

GE Company Proprietary

India

DriversWind Nat’l GBIState RPO/FITNat’l Solar Mission … 20 GW by ’22

Opportunity~20 GW wind ’11-20~20 GW solar PV ’11-20

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Renewables targets from 45 98 countries ’05-10driving ~350 GW Wind & ~140 GW Solar PV ’11-20

Renewables Policy … Global Lessons Learned

No “one size fits all” … focus on outcomes

• Feed-in tariff

• Quota/RPS

• Tax incentive

• Auction/Tender

Attributes of an effective policy

• Stable, long-term commitment

• Rewards performance

• Supports project financial viability

• Non-compliance “teeth”

• Tied to enabling policies (transmission, siting)

• Reasonable cost containment measures

GE provides support through…• Policy evaluation & modeling• Position papers• Testimony• Government engagement• Trade association participation