Upload
pewenvironmentgroup
View
254
Download
0
Embed Size (px)
Citation preview
8/2/2019 Who is Winning the Clean Energy Race, 2012
1/56
M F B V B C G
44
VNM@OMDGMGMZARZD@M3
QNCPQBGGBGA
A ) : 8 B G U M P V I M G V X C Q M Z B G A E C Z Q D Z F
8/2/2019 Who is Winning the Clean Energy Race, 2012
2/56
VNM XMQ @NDZBVDJOM VZ]PVP
Vnm Xmq @ndzbvdjom Vz}pvp dxxobmp vnm xcqmz ce
kgcqomfam vc pcoum vcfdrp icpv ndoomgabga
xzcjomip' Xmq mixocrp d zbaczc}p/ dgdorvb`do dxxzcd`nvc bixzcum x}job` xcob`r/ bgeczi vnm x}job`/ dgf
pvbi}odvm bub` obem' Qm xdzvgmz qbvn d fbumzpm zdgam ce
fcgczp/ x}job` dgf xzbudvm czadgb|dvbcgp/ dgf
`cg`mzgmf bvb|mgp qnc pndzm c}z ciibvimgv vc
ed`v)jdpmf pco}vbcgp dgf acdo)fzbumg bgumpvimgvp vc
bixzcum pc`bmvr' Ecz dffbvbcgdo bgeczidvbcg cg Vnm Xmq
@ndzbvdjom Vz}pvp/ xomdpm ubpbv qqq'XmqVz}pvp'cza'
VNM XMQ MGUBZCGIMGV AZC]X
Qm qczk aocjdoor vc mpvdjobpn xzdaidvb`/ p`bmg`m)jdpmf
xcob`bmp vndv xzcvm`v c}z c`mdgp/ xzmpmzum c}z
qbofodgfp dgf xzcicvm vnm omdg mgmzar m`cgcir
Lcpn}d Zmb`nmzv/ Idgdabga Fbzm`vcz
Xnroobp @}vvbgc/ Xzcazdi Fbzm`vcz
Lcpmxn Fccomr/ Pmgbcz Dppc`bdvm
Lmppb`d Ezcnidg O}jmvpkr/ Pmgbcz Dppc`bdvm
Od}zd Obanvjcfr/ Idgdamz
L}obd Zcvcgfc/ Emoocq
Ecz dffbvbcgdo bgeczidvbcg cg vnm Xmq MgubzcgimgvAzc}x/ xomdpm ubpbv qqq'XmqMgubzcgimgv'cza'
DJC]V VNM ZMXCZV
Qncp Qbggbga vnm @omdg Mgmzar Zd`m3 :844 Mfbvbcg qdp
fmumocxmf ecz x}job` bgeczidvbcgdo dgf mf}`dvbcgdo
x}zxcpmp' Bv bp dg }xfdvm ce Vnm Xmq @ndzbvdjom Vz}pvp
mdzobmz zmxczvp vzd`kbga :882 dgf :848 `omdg mgmzar
bgumpvimgvp bg vnm c}gvzbmp vndv idkm }x vnm Azc}x
ce Vqmgvr .A):8"'4 Xmqp bgvmzgdvbcgdo bgumpvimgv
zmpmdz`n cixomimgvp cgacbga mczvp jr vnm Xmq
Mgubzcgimgv Azc}x dgf vnm Xmq @mgvmz cg vnm Pvdvmp
vc nzcgb`om vnm m~vmgv ce lcjp/ j}pbgmppmp/ dgf
bgumpvimgvp bg Dimzb`dp omdg mgmzar m`cgcir'
]gfmzorbga fdvd ecz vnbp zmxczv qmzm cixbomf ecz vnm
Xmq Mgubzcgimgv Azc}x jr Joccijmza Gmq Mgmzar
Ebgdg`m/ vnm qczofp omdfbga xzcubfmz ce gmqp/ fdvd/
dgf dgdorpbp cg `omdg mgmzar dgf `dzjcg idzkmv
gdg`m dgf bgumpvimgv' Joccijmza Gmq Mgmzar
Ebgdg`mp aocjdo gmvqczk ce :88 pvd oc`dvmf d`zcpp
M}zcxm/ vnm Dimzb`dp/ Dpbd/ dgf Dezb`d cgvbg}c}por
icgbvcz idzkmv ndgamp/ fmdo cq/ dgf gdg`bdo
d`vbubvr/ doocqbga bgpvdgvdgmc}p vzdgpxdzmg`r bgvc vnm
`omdg mgmzar dgf `dzjcg idzkmvp'
D e}oo fmp`zbxvbcg ce vnm imvncfcocar dgf xdzdimvmzp
mixocrmf ecz vnbp zmxczv dg jm ec}gf bg Dxxmgfb~ BB'
D@KGCQOMFAIMGVP
Qm dzm azdvme}o vc c}z zmpmdz`n coodjczdvczp dv
Joccijmza Gmq Mgmzar Ebgdg`m/ omf jr Mvndg \bgfomz/qbvn Gb`com Dpxbgdoo/ Dggd @|dlkcqpkd/ Djzdndi Oc}q/
O}km Iboop/ Pndgvdg} Ldbpqdo/ Lmppb`d Ga/ Kcjdf
Jndugdazb/ Idaabm K}dga/ R}ac Gdkdi}zd/ Vdzrg
Qbokbgp/ Rdrcb Pmkbgm/ Gb`c Vrdjlb/ dgf m~vmgf pxm`bdo
vndgkp vc Ib`ndmo Obmjzmb`n' Qm qc}of dopc obkm vc
vndgk c}z Xmq coomda}mpVzd`r P`ndzbc/ Krijmzor
Mp`cjdz/ Xmvm Ldgn}gmg/ Pndggcg Vmzgmp/ @dzco
N}v`nbgpcg/ Ob| Ubppmz/ dgf Lmzzr Vrpcg dp qmoo dp
Lcgdvndg Zb`n ce L@Z @cii}gb`dvbcgp' Qm vndgk Do|bzc
Jzdad Azdxnb` Fmpbag dgf L}dg Vncidppbm ecz azdxnb`
dppbpvdg`m dgf Fdubf Ndzqccf ce Accf Qczkp Azc}x
ecz nbp qczk bg xzmxdzbga vnbp zmxczv'
@cxrzbanv :84: Vnm Xmq @ndzbvdjom Vz}pvp
@cumz xncvc zmfbvp
4 ) Omev< Dxcpvzcxnm Xzcf}`vbcgp # Amvvr Bidamp
: ) Zbanv< Xmfzc @dpvmoodgc # Amvvr Bidamp
4 Vnm Azc}x ce Vqmgvr qdp mpvdjobpnmf bg 4222 vc jzbga vcamvnmz omdfbga bgf}pvzbdob|mf dgf fmumocxbga m`cgcibmp vc fbp`}pp kmr aocjdo m`cgcib` bpp}mp'
Vnm A):8 bp idfm }x ce vnm gdg`m ibgbpvmzp dgf `mgvzdo jdgk acumzgczp zmxzmpmgvbga vnm M}zcxmdg ]gbcg dgf 42 c}gvzbmp< Dzamgvbgd/ D}pvzdobd/ Jzd|bo/
@dgdfd/ @nbgd/ Ezdg`m/ Amzidgr/ Bgfbd/ Bgfcgmpbd/ Bvdor/ Ldxdg/ Im~b`c/ Z}ppbd/ Pd}fb Dzdjbd/ Pc}vn Dezb`d/ Pc}vn Kczmd/ V}zkmr/ vnm ]gbvmf Kbgafci/ dgf vnm
]gbvmf Pvdvmp' Gc fdvd dzm xzcubfmf ecz Z}ppbd dgf Pd}fb Dzdjbd jm`d}pm `omdg mgmzar bgumpvimgv vnmzm bp gmaobabjom'
8/2/2019 Who is Winning the Clean Energy Race, 2012
3/56
@CGVMGVP
M^M@]VBUM P]IIDZR
KMR EBGFBGAP
Aocjdo Bgumpvimgv Azcqp vc Zm`czf &:50 Jboobcg
Vnm ]gbvmf Pvdvmp Xzcxmop Zmabcgdo Azcqvn bg
vnm Dimzb`dp
Pcodz Bgumpvimgv Pcdzp vc Zm`czf Omumop
Fmxocrimgv Fcibgdvmp Bgumpvimgv Xzbczbvbmp
Bgpvdoomf @omdg Mgmzar @dxd`bvr Pcdzp cg Xzb`m
Fm`obgmp
Vnzmm)T}dzvmzp c Pvbi}o}p E}gfbga cz @omdg
Mgmzar Pxmgv Vnzc}an :844
QNCP QBGGBGA VNM @OMDG MGMZAR
ZD@M3
]gbvmf Pvdvmp Zm`odbip Qczofqbfm Omdf bg @omdg
Mgmzar Bgumpvimgv
Bgumpvimgv Azcqvn bg @nbgd Pocqp
Pcodz Fmxocrimgv bg Amzidgr @cgvbg}mp
Bvdorp Pcodz Bgumpvimgvp Pcdz
Bgfbd @cgvb}mp vc Mimzam dp d @omdg Mgmzar
Omdfmz
]gbvmf Kbgafci Bgumpvimgv Zmjc}gfp
EBGDG@BGA VRXMP DGF VZMGFP
Djc}v vnm Bgumpvimgv Fdvd
Dppmv Ebgdg`bga
Pidoo Fbpvzbj}vmf @dxd`bvr
X}job` Idzkmv Ebgdg`bga
:
5
5
1
>
2
44
4:
46
41
4>
42
:8
:8
:4
::
::
:0
:=
:5
QNCP QBGGBGAVNM @OMDG MGMZAR ZD@M3 MFBVBCG
A):8 BGUMPVIMGV XCQMZBGA ECZQDZF
Umgv}zm @dxbvdo#Xzbudvm Mt}bvr Ebgdg`bga
Bgpvdoomf Zmgmqdjom Mgmzar @dxd`bvr
A):8 Pvbi}o}p E}gfbga cz @omdg Mgmzar
DXXMGFB^ B< OBPV CE EBA]ZMP
DXXMGFB^ BB< IMVNCFCOCAR
@C]GVZR XZCEBOMP
Dzamgvbgd
D}pvzdobd
Jzd|bo
@dgdfd
@nbgd
Ezdg`m
Amzidgr
Bgfbd
Bgfcgmpbd
Bvdor
Ldxdg
Im~b`c
Pc}vn Dzb`d
Pc}vn Kczmd
Pxdbg
V}zkmr
]gbvmf Kbgafci
]gbvmf Pvdvmp
Cvnmz M]):1
:>
:2
08
0:
00
06
0=
05
01
0>
02
68
64
6:
60
66
6=
65
61
6>
62
=8
=4
=:
44
8/2/2019 Who is Winning the Clean Energy Race, 2012
4/56
Q N C P Q B G G B G A V N M @ O M D G M G M Z A R Z D @ M 3 : 8 4 4 M F B V B C G:
: Doo icgmvdzr udo}mp dzm :844 ]gbvmf Pvdvmp fcoodzp .]PF" }gompp cvnmzqbpm gcvmf' Vnbp a}zm bg`o}fmp doo bgumpvimgv/ x}job` dgfxzbudvm .bg`o}fbga zmpmdz`n dgf fmumocximgv"/ bg A):8 dgf gcg)A):8 c}gvzbmp'
M^M@]VBUM
P]IIDZR@cixdgbmp dgf `c}gvzbmp ndum m~xmzbmg`mf }xp dgf fcqgp bg vnm qczof)qbfm `omdg mgmzar zd`m bg zm`mgv rmdzp/ dgf :844 qdp gc m~`mxvbcg' Ecz
`cgp}imzp/ ncqmumz/ vnm `omdg mgmzar zd`m ndp jmmg `cgpbpvmgvor xcpbvbum/
fzbubga fcqg xzb`mp dgf bgvmzlm`vbga gmq zmgmqdjom mgmzar `ncb`mp bgvc
d idzkmvxod`m fcibgdvmf jr mgv}zr)cof vm`ngcocabmp' Xzb`m cixmvbvbcg
bp vnm fmgbga `ndzd`vmzbpvb` c vnm `omdg mgmzar zd`m bg :844/ px}zzbga
bgumpvimgv dgf fmxocrimgv/ bg`zmdpbga aocjdo `omdg mgmzar `dxd`bvr/ dgf
`zmdvbga cxxczv}gbvbmp cz bggcudvczp/ mgvzmxzmgm}zp/ dgf qczkmzp'
Vnbp zmxczv m~dibgmp kmr gdg`bdo/ bgumpvimgv/
dgf vm`ngcocab`do vzmgfp bg :844 zmodvmf vc vnm
`omdg mgmzar m`cgcir c A):8 imijmzp' C}z
xzbidzr c`}p bp cg bgumpvimgv/ qnb`n fzbump
bggcudvbcg/ ciimz`bdob|dvbcg/ idg}d`v}zbga/
dgf bgpvdoodvbcg c `omdg mgmzar vm`ngcocabmp'
Vnm fdvd ndum jmmg `cixbomf dgf zmubmqmf jr
Xmqp zmpmdz`n xdzvgmz/ Joccijmza Gmq Mgmzar
Ebgdg`m/ d idzkmv zmpmdz`n zi c`}pmf cg
zmgmqdjom mgmzar'
C}z zmpmdz`n fmicgpvzdvmp vndv omdg mgmzar
bgumpvimgv cgvbg}mf d gmdz)fm`dfm)ocga zdoor
bg :844/ zbpbga 5'= xmz`mgv vc d zm`czf &:50jboobcg': M~`o}fbga zmpmdz`n dgf fmumocximgv/
bgumpvimgv bg vnm pm`vcz bp iczm vndg 588
xmz`mgv nbanmz vndg bg :886' Vnm A):8
imijmz c}gvzbmp cgvbg}m vc fcibgdvm
vnm pm`vcz/ d``c}gvbga cz 2= xmz`mgv c doo
aocjdo bgumpvimgvp bg `omdg mgmzar' E}v}zm
azcqvn bp dgvb`bxdvmf bg vnm mimzabga idzkmvp
c fmumocxbga gdvbcgp/ ncqmumz' Dgg}do
bgumpvimgv azcqvn zdvmp c 48 vc 4> xmz`mgv dzm
xzclm`vmf cz xdzvp c Dpbd/ Dzb`d/ vnm Ibffom
Mdpv/ dgf Odvbg Dimzb`d bg vnm gm~v 48 rmdzp'
Dovnc}an xzb`mp fm`obgmf dgf cumzdoo
bgumpvimgv bg`zmdpmf/ :844 qdp d rmdz c ib~mf
zmp}ovp d`zcpp vnm A):8/ qbvn dp idgr `c}gvzbmp
m~xmzbmg`bga ocppmp dp adbgp' Bgumpvimgv
bg`zmdpmp c 6: xmz`mgv bg vnm ]gbvmf Pvdvmp dgf
4= xmz`mgv bg Jzd|bo cpmv fm`obgmp bg Im~b`c
dgf Dzamgvbgd dgf mgdjomf vnm Dimzb`dpzmabcg vc azcq jr iczm vndg :4 xmz`mgv vc
&50'4 jboobcgvnm dpvmpv zdvm c azcqvn bg
dgr zmabcg c vnm qczof' Bgumpvimgv azcqvn
bg Bvdor/ Pxdbg/ dgf vnm ]gbvmf Kbgafci cpmv
fm`obgmp bg cvnmz xdzvp c vnm M}zcxmdg ]gbcg/
8/2/2019 Who is Winning the Clean Energy Race, 2012
5/56
Q N C P Q B G G B G A V N M @ O M D G M G M Z A R Z D @ M 3 : 8 4 4 M F B V B C G 0
D pmzbmp ce qbgf v}zjbgmp cee vnm
pnczm ce Azmdv Rdzic}vn bg vnm
]gbvmf Kbgafci'
JzrgldzA}ggdzppcg|Fzmdipvbim'`ci
nmoxbga vc idbgvdbg vnm M}zcxm/ Ibffom Mdpv/ dgf
Dzb`d zmabcg dp vnm daazmadvm omdfmz bg `omdg mgmzar
bgumpvimgv/ qbvn &22'0 jboobcg zm`czfmf bg :844'
Pbibodzor/ bgumpvimgv azcqvn bg Bgfbd/ D}pvzdobd/
dgf Ldxdg cpmv d dv rmdz bg @nbgd dgf fm`obgbga
bgumpvimgvp bg Pc}vn Kczmdp idzkmv' Cumzdoo/ vnm
Dpbd#C`mdgbd zmabcg nmof pm`cgf xod`m cz `omdg
mgmzar bgumpvimgvp dv &1= jboobcg bg :844'
A):8 bgumpvimgvp bg vnm pcodz pm`vcz `cgvbg}mf vc
pcdz bg :844/ bg`zmdpbga 66 xmz`mgv vc &4:> jboobcg
dgf d``c}gvbga cz iczm vndg ndo c doo `omdg mgmzar
vm`ngcocar bgumpvimgvp bg vnm A):8' Pcodz adbgp
cpmv d 4= xmz`mgv fm`obgm bg jcvn qbgf dgf mgmzar
me`bmg`r bgumpvimgvp bg :844 `cixdzmf qbvn vnm
xzmubc}p rmdz'
Dppmv bgdg`m dgf pidoo fbpvzbj}vmf `dxd`bvr
bgumpvimgvp d``c}gvmf cz &:4: jboobcg c vnm &::=
jboobcg qczvn c gcgacumzgimgvdo/ gcg)zmpmdz`n
`omdg mgmzar bgumpvimgvp bg :844/ pbagdobga vnm
xzbczbvr vndv bgumpvczp ndum xod`mf cg fmxocrbga
m~bpvbga vm`ngcocabmp cumz fmumocxbga cz p`dobga
}x gmq vm`ngcocabmp dgf `cixdgbmp bg vnm A):8'
Dppmv bgdg`m bg`zmdpmf jr 4: xmz`mgv vc &464
jboobcg/ qnbom bgumpvimgvp bg pidoo fbpvzbj}vmf
xncvcucovdb` xzclm`vp azmq := xmz`mgv vc &14'=
jboobcg' Umgv}zm `dxbvdo dgf xzbudvm mt}bvr
bgumpvimgvp qmzm }x >'5 xmz`mgv bg :844 vc &>'5
jboobcg/ qnbom x}job` dgf xzbudvm zmpmdz`n dgf
fmumocximgv bgumpvimgvp moo 4> xmz`mgv vc &:5
jboobcg' Vnm ]gbvmf Pvdvmp `cgvbg}mp vc omdf vnm
qczof bg jcvn umgv}zm `dxbvdo dgf zmpmdz`n dgf
fmumocximgv bgumpvimgvp'
Xncvc`c}zvmprceqnbvmnc}pm'acu
A):8 P}iibv bg @dggmp'
8/2/2019 Who is Winning the Clean Energy Race, 2012
6/56
Q N C P Q B G G B G A V N M @ O M D G M G M Z A R Z D @ M 3 : 8 4 4 M F B V B C G6
D qczkmz qbvn d pcodz xdgmo'
amzmgim|bPvc`kxncvc'`ci
Vnm `cijbgdvbcg c doobga xzb`mp dgf azcqbga
bgumpvimgvp bg dppmv gdg`m dgf pidoo fbpvzbj}vmf
`omdg mgmzar xzclm`vp }momf qczofqbfm bgpvdoodvbcg
c d zm`czf >0'= abadqdvvp .AQ" c `omdg mgmzar
amgmzdvbga `dxd`bvr bg :844/ bg`o}fbga 1> AQ bg
vnm A):8 `c}gvzbmp' Pcodz icf}om xzb`mp moo =8
xmz`mgv bg vnm xdpv rmdz/ px}zzbga fmxocrimgv c dg
}gxzm`mfmgvmf :2'1 AQ c gmq `dxd`bvr48 vbimp
vnm omumo zm`czfmf bg :881' Dovnc}an qbgf mgmzar
bgumpvimgv omumop fm`obgmf vc &1: jboobcg/ iczm vndg
60 AQ c gmq qbgf mgmzar `dxd`bvr qdp fmxocrmf
bg :844/ p}zxdppbga :848 bgpvdoodvbcg omumop' Dv vnm
mgf c :844/ iczm vndg =5= AQ c `omdg mgmzar
amgmzdvbga `dxd`bvr qdp bg xod`m aocjdoor/ =8 xmz`mgv
iczm vndg bgpvdoomf g}`omdz amgmzdvbga dxd`bvr'
Bg zmpxcgpm vc vnm aocjdo m`cgcib` `zbpbp bg :88>)
82/ acumzgimgv pvbi}o}p xodgp dooc`dvmf iczm
vndg &426 jboobcg cz `omdg mgmzar mczvp' Jr vnm
mgf c :844/ doicpv vnzmm)c}zvnp c vncpm }gfp.&46: jboobcg" ndf zmd`nmf vnm pm`vcz' Iczm vndg
&65 jboobcg bg pvbi}o}p }gfbga cz `omdg mgmzar qdp
pxmgv bg :844/ iczm vndg ndo c vndv jr vnm ]gbvmf
Pvdvmp dgf @nbgd vcamvnmz' C vnm &=0 iboobcg vndv
zmidbgp/ 51 xmz`mgv .&0='1 jboobcg" bp m~xm`vmf vc jm
pxmgv bg :84:'
Dvmz pobxxbga vc pm`cgf xod`m bg Xmqp :882
zmxczv cg vnm A):8 `omdg mgmzar zd`m dgf vc vnbzf
xod`m vnm gm~v rmdz/ vnm ]gbvmf Pvdvmp zm`odbimf
bvp omdfmzpnbx xcpbvbcg bg vnm A):8 bg :844 qbvn
&6>'4 jboobcg qczvn c `omdg mgmzar bgumpvimgvp/
8/2/2019 Who is Winning the Clean Energy Race, 2012
7/56
Q N C P Q B G G B G A V N M @ O M D G M G M Z A R Z D @ M 3 : 8 4 4 M F B V B C G =
d 6: xmz`mgv bg`zmdpm' Qbvn
bgumpvczp vdkbga dfudgvdam c
kmr xcob`bmp vndv qmzm djc}v
vc m~xbzm/ vnm ]gbvmf Pvdvmp
omf doo gdvbcgp bg gdg`bga
cz pcodz/ mgmzar me`bmg`r/
dgf jbc}mo vm`ngcocabmp' Bg
dffbvbcg/ vnm ]gbvmf Pvdvmp
omf bg umgv}zm dxbvdo#xzbudvm
mt}bvr dgf zmpmdz`n dgf
fmumocximgv bgumpvimgvp' Bg
um)rmdz zdvm c bgumpvimgv
azcqvn/ ncqmumz/ vnm ]gbvmf
Pvdvmp bp gcv mumg bg vnm vcx
48/ dgf bv odap cvnmz gdvbcgp
bg fmxocrimgv c `omdg
mgmzar dppmvp' Vnm cgvzdpv jmvqmmg umgv}zm dxbvdo
bgumpvimgvp dgf `dxd`bvr dffbvbcgp bg vnm ]gbvmf
Pvdvmp nbanobanvp d xmzpbpvmgv xnmgcimgcg bg qnb`n
vnm `c}gvzr dbop vc fmxocr bgvc vnm idzkmvxod`m vnm
`omdg mgmzar bggcudvbcgp bv `zmdvmp bg vnm odjczdvczr'
Imdgqnbom/ @nbgd ndp dfcxvmf `omdg mgmzar xcob`bmp
vndv mg`c}zdam idg}d`v}zbga dgf fmxocrimgv'Vncpm vzmgfp `cgvbg}mf bg :844/ dovnc}an cumzdoo
bgumpvimgv omumop azmq jr cgor 4 xmz`mgv/ vc &6='=
jboobcg/ dz zci vnm zdxbf azcqvn zdvmp c zm`mgv
rmdzp' Gcgmvnmompp/ @nbgd zmidbgp d frgdib` n}j
c `omdg mgmzar d`vbubvr/ omdfbga vnm qczof bg qbgf
mgmzar bgumpvimgv dgf fmxocrimgv dgf bg qbgf dgf
pcodz idg}d`v}zbga'
Vnm vnbzf `omdg mgmzar xcqmznc}pm bp Amzidgr/
qnmzm d = xmz`mgv fzcx bg bgumpvimgv fbf gcv fmvmz
zm`czf omumop c pcodz mgmzar fmxocrimgv' Amzidgr
gcq cjvdbgp iczm mgmzar zci zmgmqdjom pc}z`mp
vndg bv fcmp zci g}`omdz xcqmz/ cdo/ cz gdv}zdo
adp' Mopmqnmzm bg M}zcxm/ Bvdor p}zxdppmf Amzidgrp
fmxocrimgv c 1'6 AQ c pcodz/ bgpvdoobga > AQ dp
bgumpvimgvp azmq 0> xmz`mgv vc &:> jboobcg dgf
odzamor cpmv fm`obgmp bg cvnmz xdzvp c vnm zmabcg'
Bgfbd `cgvbg}mp vc mimzam dp d xzmibmz `omdg mgmzar
idzkmv/ qbvn bgumpvimgvp azcqbga =6 xmz`mgv bg
:844 vc &48': jboobcg/ ud}ovbga vndv `c}gvzr zci 48vn
vc pb~vn xod`m dicga vnm A):8 omdfmzp' Bgfcgmpbd
zm`czfmf vnm dpvmpv zdvm c azcqvn c dgr A):8
gdvbcg=:8 xmz`mgvdp bgumpvimgvp bg omdg
mgmzar m`obxpmf &4 jboobcg cz vnm zpv vbim'
Vqc qczkmzp bgpvdoo d pcodz xdgmo dv d xncvcucovdb` edzi'
Xmfzc@dpvmoodgc|bPvc`kxn
cvc'`ci
Amcvnmzido xcqmz pvdvbcg bg B`modgf'
FdzzmgJdkmz|Fzmdipvbim'`ci
8/2/2019 Who is Winning the Clean Energy Race, 2012
8/56
KMR EBGFBGAP
Q N C P Q B G G B G A V N M @ O M D G M G M Z A R Z D @ M 3 : 8 4 4 M F B V B C G5
EBA]ZM 4< AOCJDO DGF A):8 @OMDG MGMZAR BGUMPVIMGV/ :886)44 .JBOOBCGP CE &",
, Fcmp gcv bg`o}fm zmpmdz`n dgf fmumocximgv bgumpvimgvp
Q N C P Q B G G B G A V N M @ O M D G M G M Z A R Z D @ M 3 : 8 4 4 M F B V B C G5
:=8'8
:88'8
4=8'8
488'8
=8'8
8'8
GCG)A):8 @C]GVZBMPA):8 @C]GVZBMP
:88=:886 :885 :881 :88> :882 :848 :844
00'1
=>'=
26'5
400'4
450'64=1'5
:4='=
:01':
KMR EBGFBGAPAOCJDO BGUMPVIMGV AZCQP VC ZM@CZF&:50 JBOOBCG
Vnm `omdg mgmzar pm`vcz `cgvbg}mf bvp fm`dfm)ocga zdoor jr dvvzd`vbga &:50
jboobcg qczvn c bgumpvimgv bg :844' M~`o}fbga zmpmdz n dgf fmumocximgv
pxmgfbga/ bgumpvimgv bg vnm pm`vcz bp gcq iczm vndg 588 xmz`mgv nbanmz
vndg bg :886/ qnmg zmobdjom fdvd `coom`vbcg ciimg`mf .pmm Eba}zm 4"' Dp
d zmp}ov c vnbp zdxbf azcqvn/ vnm `omdg mgmzar pm`vcz zm`czfmf bvp vzboobcgvn
fcoodz bgumpvmf bg :844'
8/2/2019 Who is Winning the Clean Energy Race, 2012
9/56
Q N C P Q B G G B G A V N M @ O M D G M G M Z A R Z D @ M 3 : 8 4 4 M F B V B C G 1
KMR EBGFBGAP
Qczofqbfm omdg mgmzar bgumpvimgv azmq bg :844
jr d icfmpv 5'= xmz`mgv/ c}vxd`bga azcqvn bg
vnm cumzdoo m`cgcir' J}v icfmpv bgumpvimgv
azcqvn idpkp fzdidvb` m~xdgpbcg c `omdg mgmzar
fmxocrimgvp bg :844 dgf zm`mgv rmdzp' Vnm cpvc qbgf dgf pcodz amgmzdvbga `dxd`bvr bp fm`obgbga
zdxbfor/ qbvn pcodz xncvcucovdb` icf}om xzb`mp
fzcxxbga =8 xmz`mgv bg :844 docgm' Vnm cijbgdvbcg
c pbagb`dgvor ocqmz xzb`mp dgf icfmpv adbgp bg
bgumpvimgv ndp d``momzdvmf fmxocrimgv c omdg
mgmzar amgmzdvbga `dxd`bvr bg zm`mgv rmdzp' Bg :844/ d
zm`czf >0'= AQ c gmq zmgmqdjom mgmzar vm`ngcocar
qdp fmxocrmf dzc}gf vnm qczof/ bg`o}fbga 60 AQ
c qbgf dgf d zm`czf :2'1 AQ c pcodz amgmzdvbga
`dxd`bvr' Jr `cixdzbpcg/ vnmzm qdp ompp vndg 08 AQ
c pcodz amgmzdvbga `dxd`bvr cg vnm xodgmv bg :882'
Vnm A):8 imijmz `c}gvzbmp `cgvbg}m vc dvvzd`v vnm
obcgp pndzm c omdg mgmzar bgumpvimgvdjc}v &::=
jboobcg/ cz 2= xmz`mgv c vnm aocjdo vcvdo' J}v zmp}ovp
qmzm }gmumg bg :844 d`zcpp vnm A):8/ qbvn gmdzor dp
idgr `c}gvzbmp m~xmzbmg`bga bgumpvimgv ocppmp dp
m~xmzbmg`mf adbgp `cixdzmf qbvn :848' J}famv dgf
xcob`r }g`mzvdbgvr bg vnm qczofp omdfbga m`cgcibmp
ndp pvmiimf bgumpvcz bgvmzmpv bg mzvdbg idzkmvp'
@cgumzpmor/ bgvmzmpv bp azcqbga bg d g}ijmz c vnm
qczofp fmumocxbga c}gvzbmp/ qnmzm omdg xcqmz
bp bg`zmdpbgaor cpv)`cixmvbvbum qbvn cgumgvbcgdo
pc}z`mp c mom`vzb`bvr' Joccijmza Gmq Mgmzar
Ebgdg`m xzclm`vp dgg}do bgumpvimgv azcqvn zdvmp c
48 xmz`mgv vc 4> xmz`mgv bg xdzvp c Dpbd/ Dzb`d/ vnm
Ibffom Mdpv/ dgf Odvbg Dimzb`d bg vnm gm~v 48 rmdzp'
VNM ]GBVMF PVDVMP
XZCXMOP ZMABCGDOAZCQVN BG VNMDIMZB@DP
Qnmzmdp bgumpvimgv azcqvn bg Dpbd#C`mdgbd omf doo
cvnmz zmabcgp bg vnm xzmubc}p vqc rmdzp/ vnm Dimzb`dp
zmabcg m~xmzbmg`mf vnm dpvmpv zdvm c bgumpvimgv
azcqvn bg :844' Omf jr 6: xmz`mgv azcqvn bg vnm
]gbvmf Pvdvmp dgf 4= xmz`mgv azcqvn bg Jzd|bo/
bgumpvimgv bg vnm Dimzb`dp zmabcg azmq jr iczm
vndg :4 xmz`mgv vc &50'4 jboobcg'
Vnm Dpbd#C`mdgbd zmabcg cgvbg}mp vc jm vnm pm cgf)
omdfbga fmpvbgdvbcg cz omdg mgmzar bgumpvimgvp dv
&1= jboobcg/ azcqbga iczm vndg 48 xmz`mgv bg :844'
Zmodvbumor dv azcqvn bg @nbgd .}x 4 xmz`mgv" qdp
ibvbadvmf jr pndzx bgumpvimgv adbgp bg Bgfbd/ Ldxdg/
dgf Bgfcgmpbd/ qnb`n qmzm dicga vnm dpvmpv)
azcqbga `omdg mgmzar idzkmvp bg vnm qczof'
Vnm M}zcxmdg zmabcg idbgvdbgmf bvp zmabcgdo
omdfmzpnbx xcpbvbcg cz omdg mgmzar bgumpvimgv/
azcqbga jr d icfmpv 6 xmz`mgv vc &22'0 jboobcg'
Pbagb`dgv bgumpvimgv azcqvn bg Bvdor/ vnm ]gbvmf
Kbgafci/ dgf Pxdbg nmoxmf vc cpmv fm`obgmp
bg cvnmz M] imijmz pvdvmp' Amzidgr dgf Bvdor
`cgvbg}m vc omdf vnm qczof bg fmxocrimgv c pidoo
fbpvzbj}vmf pcodz xncvcucovdb` xcqmz bgpvdoodvbcgp/
d``c}gvbga cz iczm vndg =8 xmz`mgv c qczofqbfm
pcodz `dxd`bvr dffbvbcgp dgf 0> xmz`mgv c A):8 pcodz
vm`ngcocar bgumpvimgvp bg :844'
Qbgf v}zjbgmp bg Pc}vnmzg @dobeczgbd gmdz Xdoi Pxzbgap'
FdgbmoZd}pvdfv|Fzmdipvbim'`ci
8/2/2019 Who is Winning the Clean Energy Race, 2012
10/56
KMR EBGFBGAP
Q N C P Q B G G B G A V N M @ O M D G M G M Z A R Z D @ M 3 : 8 4 4 M F B V B C G>
EBA]ZM :< VCVDO BGUMPVIMGV BG @OMDG MGMZAR JR ZMABCG/ :881)44 .JBOOBCGP CE &"
4:8'8
488'8
>8'8
58'8
68'8
:8'8
8'8
:88>:881
M]ZCXM/ IBFFOMMDPV/ DEZB@D
DPBD#C@MDGBD DIMZB@DP
:882 :848 :844
PCODZ BGUMPVIMGVPCDZP VC ZM@CZF
OMUMOPPcodz mgmzar vm`ngcocabmp qmzm vnm omdfbga
zm`bxbmgvp c `omdg mgmzar gdg`m dgf bgumpvimgv
bg :844/ dvvzd`vbga &4:> jboobcg/ iczm vndg ndo c
doo `omdg mgmzar bgumpvimgvp bg vnm A):8 `c}gvzbmp'
Pcodz bgumpvimgvp bg`zmdpmf jr 66 xmz`mgv bg :844/
nmoxbga vc cpmv 4= xmz`mgv fzcx)cp bg jcvn qbgf
dgf mgmzar me`bmg`r bgumpvimgvp'
Pndzx fzcxp bg pcodz icf}om xzb`mp nmoxmf px}zzm`czf omumop c fmxocrimgvp/ qnb`n bg`zmdpmf =6
xmz`mgv vc :2'1 AQ bg :84448 vbimp vnm omumo c
:881' Vqc `c}gvzbmp/ Amzidgr dgf Bvdor/ omf vnm
qdr/ qbvn Amzidgr dffbga 1'6 AQ dgf Bvdor dffbga
> AQ c fbpvzbj}vmf xncvcucovdb` `dxd`bvr/ vcamvnmz
d``c}gvbga cz iczm vndg ndo c doo aocjdo dffbvbcgp'
Vnmpm odzam)`dxd bvr dffbvbcgp qmzm pvbi}odvmf jr
Xcob`r `mzvdbgvr dgf d dbz xzb`m
cz pcodz amgmzdvmf dgf mf bgvc
vnm azbf dzm mppmgvbdo cz vnm }v}zm
c vnbp `omdg p}pvdbgdjom mgmzar
bgf}pvzr' Gcq bp vnm vbim cz
D}pvzdobdg acumzgimgvp vc idv`n
vndv m~xmzvbpm dgf `dxdjbobvr qbvn
xcob`bmp vndv xzcubfm `mzvdbgvr
dgf xzcicvm vnm azcqvn c pcodz
mgmzar dp xdzv c D}pvzdobdp `omdg
mgmzar }v}zm'
Lcng Azbimp/ @MC c vnm D}pvzdobdg Pcodz Mgmzar
Pc`bmvr .D}PMP"
8/2/2019 Who is Winning the Clean Energy Race, 2012
11/56
Q N C P Q B G G B G A V N M @ O M D G M G M Z A R Z D @ M 3 : 8 4 4 M F B V B C G 2
KMR EBGFBGAP
EBA]ZM 0< A):8 BGUMPVIMGV JR VM@NGCOCAR :886)44 .JBOOBCGP CE &"
468'8
4:8'8
488'8
>8'8
58'8
68'8
:8'8
8'8
PCODZQBGF JBCE]MOP CVNMZ ZMGMQDJOMP MEEB@BMG@R % OCQ
@DZJCG VM@N#PMZUB@MP
:88=:886 :885 :881 :88> :882 :848 :844
`omdg mgmzar bg`mgvbump vndv qboo jm zmf}`mf bg :84:
dgf jmrcgf' Pbibodzor/ bgumpvczp z}pnmf vc vdkm
dfudgvdam c m~xbzbga `omdg mgmzar xcob`bmp bg vnm
]gbvmf Pvdvmp/ dooc`dvbga &08 jboobcg vc vnm Dimzb`dgpcodz pm`vcz/ i}`n c bv vc bgbvbdvm odzam/ }vbobvr)p`dom
xzclm`vp vndv qboo `cim cgobgm zci :84: vc :840' Bg
vnm qdkm c vnm E}k}pnbid g}`omdz fbpdpvmz/ Ldxdgp
pcodz bgumpvimgvp p}zamf vc iczm vndg &> jboobcg'
Dovnc}an pcodz mgmzar bgumpvimgvp d`zcpp vnm A):8
c}vxd`mf qbgf cz vnm pm`cgf pvzdbanv rmdz/ vnm
mimzabga cpv)`cixmvbvbumgmpp c cgpnczm qbgf
mgmzar fzcum &1:'4 jboobcg bgvc vnm pm`vcz bg :844/
fcqg 4= xmz`mgv zci :848' Bg ubmq c zm`mgv
xzb`m fm`obgmp/ vnbp omumo c bgumpvimgv nmoxmf px}z
fmxocrimgv c iczm vndg 60 AQ c gmq qbgf
mgmzar/ iczm vndg qdp fmxocrmf d rmdz mdzobmz' Ndo
c :844 qbgf mgmzar `dxd`bvr dffbvbcgp c``}zzmf
bg @nbgd/ qnb`n dvvzd`vmf &:2 jboobcg qczvn c qbgf
mgmzar bgumpvimgv'
FMXOCRIMGVFCIBGDVMP
BGUMPVIMGVXZBCZBVBMP
Dppmv gdg`m dgf pidoo fbpvzbj}vmf `dxd`bvr
bgumpvimgvp d``c}gvmf cz &:4: jboobcg c vnm &::=
jboobcg qczvn c gcgacumzgimgv/ gcg)zmpmdz`n `omdg
mgmzar bgumpvimgvp bg :844/ pbagdobga bgumpvczp
cumzqnmoibga xzmmzmg`m cz fmxocrbga m~bpvbga
vm`ngcocabmp cumz fmumocxbga cz p`dobga }x gmq
vm`ngcocabmp dgf cixdgbmp' Dppmv gdg`m bg`zmdpmfjr 4: xmz`mgv dgf d``c}gvmf cz &464 jboobcg qczvn
c :844 `omdg mgmzar bgumpvimgvp/ coocqmf jr &14'=
jboobcg cz pidoo fbpvzbj}vmf xncvcucovdb` xzclm`vp/ d
:= xmz`mgv bg`zmdpm' @nbgd omf vnm qczof bg dvvzd`vbga
dppmv gdg`m qbvn &66'0 jboobcg/ cz 0: xmz`mgv c
vnm A):8 vcvdo' Bvdor qdp vnm vcx zm`bxbmgv c pidoo
fbpvzbj}vmf `dxd`bvr bgumpvimgvp/ qbvn &:6'4 jboobcg'
8/2/2019 Who is Winning the Clean Energy Race, 2012
12/56
KMR EBGFBGAP
Q N C P Q B G G B G A V N M @ O M D G M G M Z A R Z D @ M 3 : 8 4 4 M F B V B C G48
, Zmpmdz`n dgf fmumocximgv a}zmp zmxzmpmgv vcvdo aocjdo e}gfbga
EBA]ZM 6< A):8 BGUMPVIMGV JR EBGDG@BGA VRXM/ :882)44 .JBOOBCGP CE &"
458'8
468'8
4:8'8
488'8
>8'8
58'8
68'8
:8'8
8'8
):8'8
:848:882 :844
UMGV]ZM@DXBVDO
@CZXZF%F,
ACU Z%F, XZBUDVMMT]BVR
X]JOB@IDZKMVPGMQMT]BVR
VCVDO@CIXDGRBGUMPVIMGV
ZM)BGUMPVMF
DPPMVEBGDG@M
PIDOOFBPVZBJ]VMF@DXD@BVR
Umgv}zm dxbvdo dgf xzbudvm mt}bvr bgumpvimgvp
qmzm }x >'5 xmz`mgv bg :844 vc &>'5 jboobcg' Vnm
]gbvmf Pvdvmp/ qnb`n dvvzd`vmf &5 jboobcg/ `cgvbg}mp
vc fcibgdvm vnbp gdg`m odpp/ d``c}gvbga cz
18 xmz`mgv c doo umgv}zm `dxbvdo dgf xzbudvm
mt}bvr bgumpvimgvp' X}job` dgf xzbudvm zmpmdz`n
dgf fmumocximgv bgumpvimgvp qmzm c pndzxor
bg :844/ fm`zmdpbga 4> xmz`mgv vc &:5 jboobcg'
Fm`obgbga Z%F bgumpvimgvp dzm zmm`vbum c vnm
vbanv j}famvdzr mgubzcgimgvp `d}pmf jr po}aabpn
aocjdo m`cgcib` cgfbvbcgp' Vnm ]gbvmf Pvdvmp
dopc omf vnm qczof bg zmpmdz`n dgf fmumocximgv
bgumpvimgvp bg :844/ d``c}gvbga cz 08 xmz`mgv
c vcvdo czxczdvm dgf 04 xmz`mgv c acumzgimgv
Z%F bgumpvimgvp' Qbvn pvzcga umgv}zm `dxbvdo dgf
zmpmdz`n dgf fmumocximgv bgumpvimgvp/ vnm ]gbvmf
Pvdvmp `cgvbg}mp vc omdf vnm qczof bg `omdg mgmzar
bggcudvbcg/ j}v cvnmz fdvd bgfb`dvm vndv bv vzdbop bg
fmxocrimgv dgf idg}d`v}zbga c `omdg mgmzar
vm`ngcocabmp'
Qbvn `omdg mgmzar pvc`k xzb`mp pmumzmor fmxzmppmf
jr xzcf}`v xzb`m fm`obgmp dgf bgvmgpm `cixmvbvbcg
bg vnm xzbudvm pm`vcz/ mq cixdgbmp occkmf vc
x}job` pvc`k idzkmvp vc zdbpm `dxbvdo' Dp d zmp}ov/
x}job` idzkmv gdg`bga moo bg :844 vc &48': jboobcg/
bvp ocqmpv omumo pbg`m :885 dgf d :4 xmz`mgv fm`obgm
zci d rmdz mdzobmz'
8/2/2019 Who is Winning the Clean Energy Race, 2012
13/56
Q N C P Q B G G B G A V N M @ O M D G M G M Z A R Z D @ M 3 : 8 4 4 M F B V B C G 44
KMR EBGFBGAP
Qbgf
Pidoo)Nrfzc
Jbcidpp dgf
Qdpvm)vc)Mgmzar
Pcodz
Amcvnmzido
Idzbgm
Vcvdo
:02 AQ
4>6 AQ
=1 AQ
10 AQ
44 AQ
8'5 AQ
=5= AQ
EBA]ZM =< VCVDO QCZOFQBFM BGPVDOOMF@OMDG MGMZAR @DXD@BVR JR [email protected] CE FM@MIJMZ :844"
Q N C P Q B G G B G A V N M @ O M D G M G M Z A R Z D @ M 3 : 8 4 4 M F B V B C G 44
KMR EBGFBGAP
BGPVDOOMF @OMDG MGMZAR @DXD@BVRPCDZP CG XZB@M FM@OBGMP
Vnm `cijbgdvbcg c doobga xzb`mp dgf azcqbga
bgumpvimgvp bg dppmv gdg`m dgf pidoo fbpvzbj}vmf
`omdg mgmzar xzclm`vp }momf d zm`czf >0'= AQ c
gmq `dxd`bvr dzc}gf vnm qczof bg :844' Jr vnm
mgf c c :844/ iczm vndg =5= AQ c `omdg mgmzar
amgmzdvbga `dxd`bvr qdp bg xod`m aocjdoor .Eba}zm ="'
Qbvn 60 AQ c gmq amgmzdvbga `dxd`bvr bgpvdoomf bg
:844/ vnm qbgf pm`vcz omdfp doo cvnmzp qbvn :02 AQ
fmxocrmf qczofqbfm' D zm`czf :2'1 AQ c pcodzqdp bgpvdoomf bg :84448 vbimp vnm omumo bgpvdoomf
bg :881zdbpbga aocjdo bgpvdoomf `dxd`bvr jr 18
xmz`mgv vc 10 AQ'
@nbgd/ vnm ]gbvmf Pvdvmp/ dgf Amzidgr qmzm vcx
fmpvbgdvbcgp cz qbgf mgmzar bgumpvimgvp dgf
d``c}gvmf cz doicpv :2 AQ c qbgf `dxd`bvr
dffbvbcgp' Vnm ]gbvmf Pvdvmp qdp vnm vcx
fmpvbgdvbcg cz pcodz mgmzar bgumpvimgvp j}v
fmxocrmf cgor 4'1 AQ c gmq `dxd`bvr/ dp vnmidlczbvr c bgumpvimgvp qmzm }pmf vc bgbvbdvm
odzam)p`dom }vbobvr xzclm`vp vndv qboo vdkm pmumzdo
rmdzp vc j}bof' Amzidgr dgf Bvdor d` c}gvmf
cz iczm vndg ndo c doo pcodz mgmzar `dxd`bvr
dffbvbcgp/ qbvn Amzidgr bgpvdoobga 1'6 AQ dgf Bvdor
> AQ' Amzidgr bgpvdoomf 0 AQ c pcodz mgmzar bg
Fm`mijmz :844 docgm'
Ubmq ce pcodz xdgmop ecz xcqmz
xzcf}`vbcg bg Pd~cgr/ Amzidgr'
8/2/2019 Who is Winning the Clean Energy Race, 2012
14/56
KMR EBGFBGAP
Q N C P Q B G G B G A V N M @ O M D G M G M Z A R Z D @ M 3 : 8 4 4 M F B V B C G4:
VNZMM)T]DZVMZP CE PVBI]O]P E]GFBGAECZ @OMDG MGMZAR PXMGV VNZC]AN :844
D ndgf}o c acumzgimgvp dzc}gf vnm qczof ndum
xod`mf d xzbczbvr cg `omdg mgmzar bgumpvimgvp dp
xdzv c m`cgcib` zm`cumzr dgf pvbi}o}p bgbvbdvbump
}gfmzvdkmg bg zmpxcgpm vc vnm aocjdo m`cgcib` `zbpbp
c :88>)82' Acumzgimgvp dooc`dvmf iczm vndg &426
jboobcg cz `omdg mgmzar mczvp bg pvbi}o}p xodgp' Jr
vnm mgf c :844/ doicpv vnzmm)c}zvnp c vncpm }gfp
.&46: jboobcg" ndf zmd`nmf vnm pm`vcz' Bg :844/ &65
jboobcg bg pvbi}o}p }gfbga cz `omdg mgmzar qdp
pxmgv/ iczm vndg ndo c vndv jr vnm ]gbvmf Pvdvmp
dgf @nbgd vcamvnmz' Djc}v &=0 iboocg zmidbgp vc
jm pxmgv/ c qnb`n 51 xmz`mgv .&0='1 jboobcg" bp
m~xm`vmf vc jm pxmgv bg :84:' Vnbzvr)vqc xmz`mgv c
pvbi}o}p }gfbga pxmgv vc fdvm ndp jmmg fbzm`vmf vc
zmgmqdjom mgmzar bgbvbdvbump/ 01 xmz`mgv vc mgmzar
me`bmg`r xzcazdip/ dgf 41 xmz`mgv vc pidzv azbf'
Mbanv xmz`mgv c pvbi}o}p }gfbga ndp jmmg dooc`dvmf
jr acumzgimgvp cz zmpmdz`n dgf fmumocximgv
mczvp'
Dv d qbgf v}zjbgm `cgpvz}`vbcg pbvm/ qczkmzp ic}gv vnm zcvcz n}j cgvc d v}zjbgm amdzjc~ cz amgmzdvcz'
QbiJ}zamz|Fzmdipvbim'`ci
8/2/2019 Who is Winning the Clean Energy Race, 2012
15/56
Q N C P Q B G G B G A V N M @ O M D G M G M Z A R Z D @ M 3 : 8 4 4 M F B V B C G 40
KMR EBGFBGAP
EBA]ZM 5< VCVDO PVBI]O]P E]GFBGA VC FDVM/ JR PM@VCZ .XMZ@MGV CE VCVDO",
, Acumzgimgv pvbi}o}p e}gfbga bp gcv bg`o}fmf bg vnm A):8 xzbudvm bgumpvimgv a}zmp xzmpmgvmf bg vnbp zmxczv'
01-
0:-
41-
>-
0-
:-4-
VCVDO &46: JBOOBCG
MEEB@BMG@R ZMGMQDJOMP AZBF Z%F
VZDGPXCZVDVBCG ]GPXM@BEBMF @DZJCG @DXV]ZM %
PMT]MPVZDVBCG
Q N C P Q B G G B G A V N M @ O M D G M G M Z A R Z D @ M 3 : 8 4 4 M F B V B C G 40
KMR EBGFBGAP
8/2/2019 Who is Winning the Clean Energy Race, 2012
16/56
QNCP QBGGBGA VNM @OMDG MGMZAR ZD@M3
Q N C P Q B G G B G A V N M @ O M D G M G M Z A R Z D @ M 3 : 8 4 4 M F B V B C G46
EBA]ZM 1< BGUMPVIMGV JR @C]GVZR DGF PM@VCZ/ :844 .JBOOBCGP CE &"
Q N C P Q B G G B G A V N M @ O M D G M G M Z A R Z D @ M 3 : 8 4 4 M F B V B C G46
8 48 :8 08 68 =8
]GBVMF PVDVMP
@NBGD
AMZIDGR
BVDOR
ZMPV CE M]):1
BGFBD
]GBVMF KBGAFCI
LDXDG
PXDBG
JZD\BO
@DGDFD
EZDG@M
D]PVZDOBD
BGFCGMPBD
PC]VN KCZMD
V]ZKMR
DZAMGVBGD
IM^B@C
PC]VN DEZB@D
PCODZQBGF JBCE]MOPCVNMZ
ZMGMQDJOMP
MEEB@BMG@R % OCQ
@DZJCG VM@N#PMZUB@MP
QNCP QBGGBGA
VNM @OMDGMGMZAR ZD@M3Vnm ]gbvmf Pvdvmp zm`odbimf vnm vcx pxcv bg vnm
qczofqbfm `omdg mgmzar zd`m bg :844' Jm`d}pm
c xcob`r }g`mzvdbgvr/ ncqmumz/ bvp omdfmzpnbx bp
obkmor vc jm pnczv)obumf dvmz d udzbmvr c Dimzb`dg
`omdg mgmzar xzcazdip m~xbzmf dv vnm mgf c :844'
Gcvnbga dxxmdzp obkmor vc pvmi vnm ocga)vmzi pnbv
bg vnm `omdg mgmzar pm`vczp `mgvmz c azdubvr dp
bgumpvimgv pqbgap zci vnm Qmpv .M}zcxm dgf
vnm ]gbvmf Pvdvmp" vc vnm Mdpv .Dpbd" dgf zci vnm
Gczvnmzg Nmibpxnmzm vc vnm Pc}vnmzg' Dovnc}an
@nbgdp zmodvbumor dv rmdz bg :844 ccomf vnm
zdxbf xd`m c azcqvn bg vnm Dpbdg zmabcg/ gmq
cxxczv}gbvbmp dzm mimzabga bg vnm c}zbpnbga
idzkmvp c Bgfbd/ Bgfcgmpbd/ D}pvzdobd/ dgf Ldxdg'
Fmxocrimgv c `omdg mgmzar bg M}zcxm bp o bkmor vc
pocq bg :84: dp acumzgimgvp `cgvbg}m cz d``momzdvm
mczvp vc zmbg bg bg`mgvbump cz `omdg mgmzar
vm`ngcocabmp' Dv vnm pdim vbim/ Bgfcgmpbd/ @nbgd/
D}pvzdobd/ dgf Bgfbd dzm obkmor vc pmm `omdg mgmzar
bgumpvimgv azcqvn dp vnmpm c}gvzbmp pmmk vc immv
vnm bg`zmdpbga mom`vzb`bvr fmidgfp c dg mimzabga
ibffom `odpp'
8/2/2019 Who is Winning the Clean Energy Race, 2012
17/56
Q N C P Q B G G B G A V N M @ O M D G M G M Z A R Z D @ M 3 : 8 4 4 M F B V B C G 4=
QNCP QBGGBGA VNM @OMDG MGMZAR ZD@M3
EBA]ZM >< BGUMPVIMGV JR @C]GVZR DGF EBGDG@BGA VRXM/ :844 .JBOOBCGP CE &"
EBA]ZM 2< VCX 48 BG @OMDG MGMZAR BGUMPVIMGV/ :844
]gbvmf Pvdvmp
@nbgd
Amzidgr
Bvdor
Zmpv c M]):1
Bgfbd
]gbvmf Kbgafci
Ldxdg
Pxdbg
Jzd|bo
:844
Zdgk
@c}gvzr :844 Bgumpvimgv
.jboobcgp ce &"
:848 Bgumpvimgv
.jboobcgp ce &"0
4
:
0
6
=
5
1
>
2
48
8 48 :8 08 68 =8
]GBVMF PVDVMP
@NBGD
AMZIDGR
BVDOR
ZMPV CE M]):1
BGFBD
]GBVMF KBGAFCI
LDXDG
PXDBG
JZD\BO
@DGDFD
EZDG@M
D]PVZDOBD
BGFCGMPBD
PC]VN KCZMD
V]ZKMR
DZAMGVBGDIM^B@C
PC]VN DEZB@D
PIDOO FBPVZBJ]VMFDPPMV EBGDG@M UMGV]ZM @DXBVDO#
XZBUDVM MT]BVR
X]JOB@ IDZKMVP
6>
6='=
08'5
:>'8
44'4
48':
2'6
>'5
>'5
>'8
00'1
6='8
0:'4
:8':
4=':
5'5
1'8
1'8
5'2
5'2
0 Vnmpm a}zmp ndum jmmg zmubpmf jr Joccijmza Gmq Mgmzar Ebgdg`m dp ce Emjz}dzr :84:'
8/2/2019 Who is Winning the Clean Energy Race, 2012
18/56
QNCP QBGGBGA VNM @OMDG MGMZAR ZD@M3
Q N C P Q B G G B G A V N M @ O M D G M G M Z A R Z D @ M 3 : 8 4 4 M F B V B C G45
4 Bgfcgmpbd
: Bgfbd
0 ]gbvmf Pvdvmp
6 Bvdor
= Ezdg`m
5 ]gbvmf Kbgafci
1 Pxdbg
> Ldxdg
2 Jzd|bo
48 D}pvzdobd
Zdgk @c}gvzr 4)Rmdz Azcqvn Zdvm
EBA]ZM 48< VCX 48 BG BGUMPVIMGV AZCQVN:848 UP' :844
EBA]ZM 44< VCX 48 EBUM)RMDZ AZCQVN BGBGUMPVIMGV/ :885)44
4 Bvdor
: Amzidgr
0 D}pvzdobd
6 @nbgd
= ]gbvmf Kbgafci
5 @dgdfd
1 Jzd|bo
> ]gbvmf Pvdvmp
2 Bgfbd
48 Ezdg`m
Zdgk @c}gvzr Bgvmgpbvr
EBA]ZM 4:< VCX 48 BGUMPVIMGV BGVMGPBVR.@OMDG MGMZAR BGUMPVIMGV XMZ & AFX"
EBA]ZM 40< VCX 48 BG BGPVDOOMF ZMGMQDJOMMGMZAR @DXD@BVR .AQ"
4 @nbgd
: ]gbvmf Pvdvmp
0 Amzidgr
6 Zmpv c M]):1
= Pxdbg
5 Bvdor
1 Ldxdg
> Bgfbd
2 Ezdg`m
48 Jzd|bo
Zdgk @c}gvzr @dxd`bvr
4 Bvdor
: Bgfcgmpbd
0 @nbgd
6 D}pvzdobd
= Bgfbd
5 Ldxdg
1 @dgdfd
> Amzidgr
2 Jzd|bo
48 Zmpv c M]):1
Zdgk @c}gvzr =)Rmdz AzcqvnZdvm
=:4-
=6-
6:-
0>-
05-
0=-
:=-
:0-
4=-
44-
>2-
=0-
01-
:>-
:0-
::-
::-
:8-
46-
4:-
4'=>-
4'86-
8'==-
8'6=-
8'60-
8'64-
8'01-
8'00-
8':=-
8':0-
400
20
54
58
0:
:>
:=
::
4>
4=
QNCP QBGGBGA VNM @OMDG MGMZAR ZD@M3
Q N C P Q B G G B G A V N M @ O M D G M G M Z A R Z D @ M 3 : 8 4 4 M F B V B C G45
8/2/2019 Who is Winning the Clean Energy Race, 2012
19/56
Q N C P Q B G G B G A V N M @ O M D G M G M Z A R Z D @ M 3 : 8 4 4 M F B V B C G 41
QNCP QBGGBGA VNM @OMDG MGMZAR ZD@M3
4 @nbgd
: V}zkmr
0 Jzd|bo
6 Bvdor
= Dzamgvbgd
5 Pc}vn Kczmd
1 Ezdg`m
> @dgdfd
2 D}pvzdobd
48 ]gbvmf Pvdvmp
Zdgk @c}gvzr Xmz`mgvdam Bg`zmdpm
EBA]ZM 46< VCX 48 EBUM)RMDZ AZCQVN BGZMGMQDJOM MGMZAR @DXD@BVR/ :885)44
2:-
>=-
62-
61-
65-
60-
64-
0:-
:2-
:>-
]GBVMF PVDVMP @OMDGMGMZAR BGBVBDVBUMP VNDVM^XBZMF BG :844
Dfudg`mf Mgmzar Idg}d`v}zbga Vd~ @zmfbv
Fmxdzvimgv c vnm Vzmdp}zr Pm`vbcg 4580
Azdgv Xzcazdi
Fmxdzvimgv c Mgmzar Pm`vbcg 418= OcdgA}dzdgvmmp
Mgmzar Me`bmgv Dxxobdg`m Idg}d`v}zbga
Vd~ @zmfbv
Mgmzar Me`bmgv Ncimp Vd~ @zmfbv cz
J}bofmzp
]GBVMF PVDVMP
ZM@ODBIPQCZOFQBFM OMDFBG @OMDG MGMZARBGUMPVIMGV
Dvmz pobxxbga vc pm`cgf bg Xmqp :882 zmxczv cg vnm
A):8 `omdg mgmzar zd`m dgf vc vnbzf vnm gm~v rmdz/ vnm
]gbvmf Pvdvmp zm`odbimf bvp omdfmzpnbx xcpbvbcg bg vnm
A):8 bg :844/ dvvzd`vbga &6>'4 jboobcg qczvn c `omdgmgmzar bgumpvimgvp/ c}z zmxczv gfp' Ebgdg`m dgf
bgumpvimgv zcpm 6: xmz`mgv zci :848/ d`nbmubga
zm`czf omumop bg bgumpvimgv cumzdoo dgf bg vnm pcodz
p}jpm`vcz'
Jr vnm mgf c :844/ vnm ]gbvmf Pvdvmp ndf 20 AQ c
bgpvdoomf zmgmqdjom mgmzar `dxd`bvr/ pm`cgf cgor vc
@nbgd bg vmzip c vcvdo bgpvdoomf dxd`bvr' Doicpv 48
AQ c gmq `dxd`bvr qdp dffmf/ bg`o}fbga 5'1 AQ c
qbgf dgf 4'1 AQ c pcodz/ vnm zpv vbim vnm ]gbvmf
Pvdvmp ndp mumz bgpvdoomf iczm vndg 4 AQ c pcodz
mgmzar' D pbagb`dgv xczvbcg c vnm `c}gvzrp `omdg
mgmzar bgumpvimgvp bg :844 qdp fbzm`vmf vcqdzf
odzam/ }vbobvr)p`dom pcodz xcqmz xodgvp vndv qboo dff
vc Dimzb`dp bgpvdoomf dxd`bvr bg vnm cibga rmdzp'
Dp d zmp}ov/ gdg`bgap bg vnm ]gbvmf Pvdvmp qmzm
nban/ qnbom fmxocrimgv odaamf vncpm `c}gvzbmp
qbvn cg`mgvzdvmf bgumpvimgvp bg qbgf .m'a'/ @nbgd"
dgf pidoo fbpvzbj}vmf xncvcucovdb` xzclm`vp .m'a'/
Amzidgr/ Bvdor/ dgf Ldxdg"' Bg doo/ vnm ]gbvmf Pvdvmp
omf vnm qczof qbvn &08 jboobcg bgumpvmf bg pcodz/ j}v
fmxocrimgvp bg Amzidgr dgf Bvdor qmzm iczm vndg
c}z vbimp azmdvmz vndg bg vnm ]gbvmf Pvdvmp'
Vnm `c}gvzr `cgvbg}mp vc omdf bg vnm mgmzar
me`bmg`r dgf ocq)`dzjcg vm`ngcocar dgf jbc}mop)
zmodvmf bgumpvimgv dvmaczbmp/ qnb`n dvvzd`vmf &0'1
jboobcg dgf &0'4 jboobcg/ zmpxm`vbumor' Bg dffbvbcg/
umgv}zm dxbvdo#xzbudvm mt}bvr bgumpvimgvp bg vnm
]gbvmf Pvdvmp cgvbg}m vc fcibgdvm vndv odpp c
8/2/2019 Who is Winning the Clean Energy Race, 2012
20/56
QNCP QBGGBGA VNM @OMDG MGMZAR ZD@M3
Q N C P Q B G G B G A V N M @ O M D G M G M Z A R Z D @ M 3 : 8 4 4 M F B V B C G4>
@cgpvz}`vbcg qczkmzp bgpvdoo jcovp bg vnm pndev mgf ce d qbgf v}zjbgm
jodfm'
QbiJ}zam
z|Fzmdipvbim'`ci
gdg`bga/ d``c}gvbga cz &5 jboobcg c vnm &>'5 jboobcg
bgumpvmf/ cz 18 xmz`mgv c vnm vcvdo' Pbibodzor/ x}job`dgf xzbudvm zmpmdz`n dgf fmumocximgv bgumpvimgvp
dzm nbanmpv bg vnm ]gbvmf Pvdvmp/ qnb`n d``c}gvp cz
08 xmz`mgv c vnm qczofqbfm vcvdo' ]'P' pvzmgavn bg
zmpmdz`n dgf umgv}zm dxbvdo bgumpvimgvp bgfb`dvmp
vndv Dimzb`d `cgvbg}mp vc omdf bg bggcudvbcg dgf
mdzor pvdam vm`ngcocar fmumocximgv/ qnmzmdp
`dxd`bvr dgf cvnmz fdvd pncq bv odaabga jmnbgf
qczof omdfmzp p}`n dp @nbgd dgf Amzidgr bg
fmxocrimgv dgf idg}d`v}zbga c vnmpm bgumgvbcgp'
BGUMPVIMGVAZCQVN BG @NBGDPOCQP
Dvmz p}jpvdgvbdo adbgp bg md`n c vnm xdpv um
rmdzp/ `omdg mgmzar bgumpvimgvp xd}pmf bg @nbgd
C}z `}zzmgv prpvmi c
cg)dgf)ce vd~ bg`mgvbump/
qnbom xdzvbdoor nmox}o vcgmq mgmzar vm`ngcocar
fmxocrimgv/ ndp xzcumg
gcv vc jm vnm pczv c
p}pvdbgmf pbagdo vndv bp
zmdoor gmmfmf bg czfmz vc
zmomdpm bggcudvbcg bg vnmidzkmvxod`m'
Pmg' Lme Jbgadidg .GI" dv vnm :84:
Dfudg`mf Zmpmdz`n Xzclm`vp Damg`r)
Mgmzar .DZXD)M" Mgmzar Bggcudvbcg
P}iibv Emj' :2/ :84:
bg :844/ azcqbga jr cgor 4 xmz`mgv vc &6='= jboobcg'
Gcgmvnmompp/ @nbgd zmidbgp d frgdib` n}j c `omdgmgmzar d`vbubvr bg vmzip c idg}d`v}zbga dgf
fmxocrimgv' Icpv c vnm gdg`m dgf bgumpvimgv
vnm `c}gvzr dvvzd`vmf qmzm fbzm`vmf dv gmq `omdg
mgmzar amgmzdvbga `dxd`bvr/ mpxm`bdoor qbgf
zmpc}z`mp' Qbgf mgmzar bgumpvimgvp bg @nbgd qmzm
iczm vndg vnzmm vbimp vndv c vnm gm~v)`ocpmpv A):8
gdvbcg dv &:2 jboobcg' P}`n p}jpvdgvbdo bgumpvimgv
nmoxmf px}z fmxocrimgv c :8 AQ c qbgf `dxd`bvr/
idv`nbga zm`czf bgpvdoodvbcgp bg :848' @nbgd gcq
ndp iczm vndg 56 AQ c bgpvdoomf qbgf mgmzar`dxd`bvr/ dovnc}an d t}dzvmz cz iczm c vnbp `dxd`bvr
idr gcv jm cxmzdvbcgdo cz `cggm`vmf vc vnm azbf'
@nbgd dopc dvvzd`vmf &44'0 jboobcg vc vnm pcodz pm`vcz
dgf ndp mpvdjobpnmf xcob`bmp vndv pnc}of d``momzdvm
pcodz bgumpvimgvp bg vnm }v}zm' D gdvbcgdo vdzamv
cz pcodz fmxocrimgv qdp zmubpmf }xqdzf bg :844 vc
8/2/2019 Who is Winning the Clean Energy Race, 2012
21/56
Q N C P Q B G G B G A V N M @ O M D G M G M Z A R Z D @ M 3 : 8 4 4 M F B V B C G 42
QNCP QBGGBGA VNM @OMDG MGMZAR ZD@M3
D pcodz `coom`vcz mof gm~v vc d uboodam bg Amzidgr'
Dbzqcoe84|
Fzmdipvbim'`ci
D j}bofbga xcqmzmf jr pcodz mgmzar bg d @nbgmpmbgf}pvzbdo xdzk'
Loncxm|Fzmdipvbim'`ci
bgpvdoodvbcg c =8 AQ jr :8:8' Vc nmox d`nbmum vnmpm
vdzamvp/ @nbgd dfcxvmf bvp zpv gdvbcgdo mmf)bg vdzb
cz pcodz xzclm`vp bg :844' Xzcubg`bdo acumzgimgvp
dzm dopc occkbga cz cxxczv}gbvbmp vc ndzgmpp pcodz
mgmzar pc}z`mp' @nbgdp gdvbcgdo dgf xzcubg`bdo
bgvmzmpv bg pcodz vm`ngcocabmp `c}of jm bixczvdgv vc
vnm qczofqbfm pcodz bgf}pvzr b dgvb`bxdvmf fmidgf
fm`obgm bg M}zcxm bp vc jm cpmv bg :84:'
PCODZ FMXOCRIMGVBG AMZIDGR@CGVBG]MP
Cumzdoo `omdg mgmzar bgumpvimgvp bg Amzidgr
fm`obgmf = xmz`mgv bg :844 vc &08'5 jboobcg dp vnm
acumzgimgv zmf}`mf mmf)bg vdzbp' Vnbp fbf obvvomvc pvmi vnm fmidgf c xzclm`v fmumocxmzp cz pidoo
fbpvzbj}vmf xncvcucovdb` xzclm`vp dp iczm vndg &:8
jboobcg qdp bgumpvmf bg vnm pm`vcz dgf 1'6 AQ c
`dxd`bvr qdp bgpvdoomf/ zmxob`dvbga :848 fmxocrimgv
omumop' Amzidgr omdfp vnm qczof qbvn :6'5 AQ c
bgpvdoomf pcodz mgmzar amgmzdvbga `dxd bvr' Vnm
`c}gvzr dopc dvvzd`vmf &>'= jboobcg cz qbgf xcqmz
xzclm`vp/ fmxocrbga : AQ bg :844 vc jzbga bvp vcvdo
bgpvdoomf qbgf dxd`bvr vc :2 AQ'
Amzidgr dozmdfr cjvdbgp iczm mgmzar zci
zmgmqdjom xcqmz pc}z`mp vndg bv fcmp zci
g}`omdz/ `cdo/ cz gdv}zdo adp' Dfcxvbcg bg :844
c d xodg vc d``momzdvm vnm xndpmc}v c g}`omdz
xcqmz bp obkmor vc mgp}zm `cgvbg}mf bgumpvimgv/
dp Amzidgr x}zp}mp pcim c vnm qczofp icpv
dijbvbc}p `omdg mgmzar acdop'
Qm jmobmum qm dp d `c}gvzr `dgjm d vzdbojod|mz cz d gmq dam c
zmgmqdjom mgmzar pc}z`mp' Qm`dg jm vnm zpv idlcz bgf}pvzbdob|mf`c}gvzr vndv d`nbmump vnm vzdgpbvbcg
vc zmgmqdjom mgmzar qbvn doovnm cxxczv}gbvbmpcz m~xczvp/fmumocximgv/ vm`ngcocar/ lcjpbv
`dzzbmp qbvn bv'
Amzidg @ndg`moocz Dgamod Imzkmo
.Pc}z`m< JJ@' G}`omdz xndpm)c}v dg idkm
Amzidgr vzdbojod|mzImzkmo' Idr 08/ :844'"
8/2/2019 Who is Winning the Clean Energy Race, 2012
22/56
QNCP QBGGBGA VNM @OMDG MGMZAR ZD@M3
Q N C P Q B G G B G A V N M @ O M D G M G M Z A R Z D @ M 3 : 8 4 4 M F B V B C G:8
Qczkmzp `cgpvz}`v d pcodz zmm`vcz bg Gcbfd/ Bgfbd'
D xncvcucovdb` prpvmi ecz zmgmqdjom mgmzar bg Bvdor'
Fzbib|Fzmdipvbim'`ci
Pbganpcimgfzd|Fzmdipvbim'`ci
BVDORP PCODZBGUMPVIMGVP PCDZ
@omdg mgmzar bgumpvimgvp bg Bvdor zcpm vc &:> jboobcg
bg :844/ bg`zmdpbga jr 0> xmz`mgv cumz :848 omumop/
c}zvn)odzampv bg`zmdpm dicga A):8 gdvbcgp' Gmdzor doo
c vnmpm bgumpvimgvp qmzm fbzm`vmf vc pidoo fbpvzbj}vmf
pcodz mgmzar xzclm`vp' Jr rmdzp mgf/ dg dffbvbcgdo >
AQ c pcodz qdp fmxocrmf dp fmumocxmzp pc}anv vc
amv xzclm`vp `ciibppbcgmf jmczm dgvb`bxdvmf `}vp bg
mmf)bg vdzb zdvmp' Pcodz mgmzar bp `cpv)`cixmvbvbum
qbvn `cgumgvbcgdo dovmzgdvbump bg d udzbmvr c Bvdobdg
idzkmvp/ dgf 4:'> AQ c pcodz `dxd`bvr ndp gcq jmmgbgpvdoomf' Cumz vnm xdpv um rmdzp/ gc A):8 `c}gvzr
ndp m~xmzbmg`mf azmdvmz bgumpvimgv azcqvn zdvmp vndg
Bvdor/ qnb`n dopc d`nbmump qczof)omdfbga bgumpvimgv
omumop zmodvbum vc vnm pb|m c bvp m`cgcir'
BGFBD @CGVBG]MP VCMIMZAM DP D @OMDG
MGMZAR OMDFMZ@omdg mgmzar bgumpvimgvp bg Bgfbd bg`zmdpmf =6 xmz`mgv
bg :844 vc &48': jboobcg/ ud}ovbga vndv `c}gvzr zci 48vn
vc pb~vn xod`m bg vnm A):8 bg l}pv cgm rmdz' Vnm qbgf
pm`vcz bg Bgfbd omf vnm qdr/ dvvzd`vbga &6'5 jboobcg dgf
px}zzbga fmxocrimgv c :'> AQ f}zbga vnm rmdz/ d 0>
xmz`mgv bg`zmdpm bg qbgf amgmzdvbga dxd`bvr'
Bgfbdp x}zp}bv c bvp Gdvbcgdo Pcodz Ibppbcg/ qnb`n
dbip vc fmxocr :8 AQ c pcodz mgmzar jr :8:8/ bp
mubfmgv bg vnm pmumgcof bg`zmdpm bg pcodz mgmzar
bgumpvimgvp/ vc &6': jboobcg/ dgf zm`czf bgpvdoodvbcg
omumop' Odvm bg vnm rmdz/ d zmumzpm d}`vbcg cg 0=8 IQ c
pcodz mgmzar jzc}anv jbfp vndv qmzm 08 xmz`mgv ocqmz
vndg :848 omumop'
8/2/2019 Who is Winning the Clean Energy Race, 2012
23/56
Q N C P Q B G G B G A V N M @ O M D G M G M Z A R Z D @ M 3 : 8 4 4 M F B V B C G :4
KMR EBGFBGAP
r
Vqc odzam qbgf v}zjbgmp bg d Gczvn Pmd qbgf edzi cee vnm `cdpv ce Gczecok/ ]'K'
]GBVMF KBGAFCIBGUMPVIMGV ZMJC]GFP
Q N C P Q B G G B G A V N M @ O M D G M G M Z A R Z D @ M 3 : 8 4 4 M F B V B C G :4
QNCP QBGGBGA VNM @OMDG MGMZAR ZD@M
Dvmz d pndzx fzcx bg :848/ bgumpvimgvp bg vnm
]gbvmf Kbgafcip omdg mgmzar pm`vcz zmjc}gfmf
bg :844 vc &2'6 jboobcg/ d 0= xmz`mgv bg`zmdpm cumz
:848 omumop' Vnm `c}gvzrp azcqvn qdp fzbumg
bg xdzv jr d vmgcof bg`zmdpm bg pcodz mgmzar
bgumpvimgvp/ qnb`n azmq vc &6'> jboobcg/ gdg`bga
vnm bgpvdoodvbcg c iczm vndg 088 IQ c xcqmz
bg :844' P}pvdbgmf bgvmzmpv bg fmumocximgv
c cpnczm qbgf v}zjbgmp dopc nmoxmf vc px}z
&:'0 jboobcg qczvn c bgumpvimgv dgf 288 IQ c
`dxd`bvr bg vnm qbgf pm`vcz' Vc fdvm/ vnm ]gbvmf
Kbgafci ndp bgpvdoomf 5'= AQ c qbgf `dxd`bvr'
Vnm ]gbvmf Kbgafci fbf gcv idkm vnm vcx)48
obpvp cz dgg}do `omdg mgmzar `dxd`bvr dffbvbcgp
.Eba}zm 40" cz um)rmdz azcqvn bg zmgmqdjom
mgmzar `dxd`bvr .Eba}zm 46"' Cgacbga mczvp
vc zmczi vnm gdvbcgp mom`vzb`bvr pm`vcz c}of
nmox px}z dffbvbcgdo bgumpvimgv dgf `dxd`bvr
dffbvbcgp bg vnm pm`vcz'
8/2/2019 Who is Winning the Clean Energy Race, 2012
24/56
EBGDG@BGA VRXMP DGF VZMGFP
Q N C P Q B G G B G A V N M @ O M D G M G M Z A R Z D @ M 3 : 8 4 4 M F B V B C G:: Q N C P Q B G G B G A V N M @ O M D G M G M Z A R Z D @ M 3 : 8 4 4 M F B V B C G::
EBGDG@BGA VRXMP
DGF VZMGFPDJC]V VNM BGUMPVIMGV FDVD
Vnbp zmxczv xzmpmgvp fdvd cg :844 `omdg mgmzar
gdg`m dgf bgumpvimgv bg vnm A):8 gdvbcgp'
X}job` dgf xzbudvm bgumpvimgvp bg zmpmdz`n dgf
fmumocximgv vcvdobga djc}v &0= jboobcg bg :844 dzm
gcv bg`o}fmf bg vnm A):8 bgumpvimgv xzmpmgvdvbcgp'
Gc fdvd dzm xzmpmgvmf cz A):8 imijmzp Z}ppbd dgf
Pd}fb Dzdjbd/ jm`d}pm `omdg mgmzar bgumpvimgv bg
vncpm `c}gvzbmp qdp gmaobabjom' Pxdbg/ d imijmz c
vnm M] j}v gcv dg bgfbubf}do imijmz c vnm A):8/
bp xzmpmgvmf bgfmxmgfmgvor bg vnbp zmxczv bg ubmq
c vnm pb|m dgf zmomudg`m c bvp `omdg mgmzar pm`vcz'
Ecz iczm fmvdbop cg vnm zmpmdz`n imvncfcocar
}gfmzorbga vnbp zmxczv/ xomdpm pmm Dxxmgfb~ BB'
Joccijmza Gmq Mgmzar Ebgdg`m vzd`kp vnc}pdgfp
c vzdgpd`vbcgp d`zcpp vnm pxm`vz}i c `omdg mgmzar
gdg`m/ zci zmpmdz`n dgf fmumocximgv .Z%F"
}gfbga dgf umgv}zm dxbvdo bgumpvmf bg vm`ngcocar
dgf mdzor)pvdam `cixdgbmp/ vc vnm x}job` idzkmv
dgf dppmv gdg`bga }pmf vc gdg`m j}pbgmpp azcqvn
dgf omdg mgmzar fmxocrimgv' Vnm kmr bgumpvimgv
`dvmaczbmp dzm AQ c
`omdg mgmzar `dxd`bvr bg :844'
Qbgf mgmzar qdp vnm xzmmzzmf pm`vcz cz dppmv
gdg`bga bg :844/ dvvzd`vbga &1: jboobcg' Pcodz
mgmzar dvvzd`vmf &=4'= jboobcg bg dppmv gdg`bga/
dg bg`zmdpm c doicpv :88 xmz`mgv cumz :848
omumop' Cvnmz zmgmqdjom mgmzar pc}z`mp/ p}`n dp
amcvnmzido/ pidoo)nrfzc/ dgf idzbgm/ adzgmzmf
&4: jboobcg' Dppmv gdg`bga cz jbc}mop qdp &='6
jboobcg/ ubzv}door bfmgvb`do vc :848 omumop'
@nbgd omf doo A):8 `cixmvbvczp bg `omdg mgmzar
dppmv gdg`bga/ dvvzd`vbga &66'0 jboobcg' Vnm
]gbvmf Pvdvmp qdp pm`cgf dv &05'= jboobcg/
coocqmf jr Bgfbd dv &2'= jboobcg dgf Amzidgr dv
&>'1 jboobcg'
8/2/2019 Who is Winning the Clean Energy Race, 2012
26/56
EBGDG@BGA VRXMP DGF VZMGFP
Q N C P Q B G G B G A V N M @ O M D G M G M Z A R Z D @ M 3 : 8 4 4 M F B V B C G:6
EBA]ZM 45< A):8 DPPMV EBGDG@M JR PM@VCZ/ :886)44 .JBOOBCGP CE &"
EBA]ZM 41< A):8 DPPMV EBGDG@M JR PM@VCZ/ :844 .JBOOBCGP CE &"
468
4:8
488
>8
58
68
:8
8
PCODZQBGF JBCE]MOPCVNMZ ZMGMQDJOMP
:88=:886 :885 :881 :88> :882 :848 :844
8 48 :8 08 68 =8
@NBGD
]GBVMF PVDVMP
BGFBD
AMZIDGR
ZMPV CE M]):1
JZD\BO
PXDBG
]GBVMF KBGAFCI
@DGDFD
BVDOR
BGFCGMPBD
D]PVZDOBD
EZDG@M
LDXDG
V]ZKMR
DZAMGVBGDIM^B@C
PC]VN DEZB@D
PC]VN KCZMD
PCODZQBGF JBCE]MOPCVNMZ ZMGMQDJOMP
8/2/2019 Who is Winning the Clean Energy Race, 2012
27/56
Q N C P Q B G G B G A V N M @ O M D G M G M Z A R Z D @ M 3 : 8 4 4 M F B V B C G :=
EBGDG@BGA VRXMP DGF VZMGFP
EBA]ZM 4>< A):8 BGUMPVIMGV BG PIDOO FBPVZBJ]VMF @DXD@BVR :886)44 .BG JBOOBCGP CEFCOODZP"
>8
18
58
=8
68
08
:8
48
8
:88=:886 :885 :881 :88> :882 :848 :844
PIDOO FBPVZBJ]VMF @DXD@BVR
Pidoo fbpvzbj}vmf `dxd`bvr bp dppc`bdvmf qbvn
zmpbfmgvbdo)p`dom pcodz xzclm`vp c ompp vndg 4
imadqdvv .IQ"' Bgumpvimgv bg pidoo fbpvzbj}vmf
`dxd`bvr ndp azcqg jr 288 xmz`mgv cumz vnm xdpv um
rmdzp/ zmd`nbga d zm`czf &14'= jboobcg bg :844' Kmr
cjpmzudvbcgp bg`o}fm'4 jboobcg' Vnm ]gbvmf Kbgafcip
bgumpvimgvp azmq jr 4/>88 xmz`mgv vc &0'>
jboobcg'
8/2/2019 Who is Winning the Clean Energy Race, 2012
28/56
EBGDG@BGA VRXMP DGF VZMGFP
Q N C P Q B G G B G A V N M @ O M D G M G M Z A R Z D @ M 3 : 8 4 4 M F B V B C G:5
EBA]ZM 42< A):8 PIDOO FBPVZBJ]VMF @DXD@BVR BGUMPVIMGV/ JR @C]GVZR/ :884.JBOOBCGP CE &"
8 = 48 4= :8 :=
BVDOR
AMZIDGR
LDXDG
]GBVMF PVDVMP
D]PVZDOBD
]GBVMF KBGAFCI
EZDG@M
ZMPV CE M]):1
PXDBG
@NBGD
@DGDFD
BGFBD
PC]VN KCZMD
X]JOB@ IDZKMV EBGDG@BGAX}job` idzkmv gdg`bga mgdjomp `cixdgbmp vc zdbpm
`dxbvdo cz m~xdgpbcg dgf azcqvn'
Dp vnm `omdg mgmzar m`cgcir mimzamf bg vnm ibf)
:888p/ idgr `cixdgbmp }pmf vnm pvc`k idzkmvp vc
}gf vnmbz azcqvn xodgp' Dv bvp xmdk bg :881/ x}job`
idzkmv }gfbga zmd`nmf &:6'1 jboobcg .Eba}zm :8"' J}v
A):8 x}job` cmzbgap ndum jmmg l}pv ndo c vndv omumo
cz vnm xdpv c}z rmdzp' Bg :844/ vcvdo x}job` idzkmv
gdg`bga moo vc &48': jboobcg/ vnm ocqmpv dic}gv
pbg`m :885/ dgf :4 xmz`mgv jmocq :848 omumop'
Kmr cjpmzudvbcgp bg`o}fm :882 :848 :844
8'8 4'8 :'8 0'8 6'8 ='8
@NBGD
]GBVMF PVDVMP
AMZIDGR
@DGDFD
]GBVMF KBGAFCI
BVDOR
JZD\BO
EZDG@M
BGFBD
PC]VN KCZMD
ZMPV CE M]):1
D]PVZDOBD
LDXDG
PCODZQBGF JBCE]MOPCVNMZ ZMGMQDJOMPMEEB@BMG@R % OCQ
@DZJCG VM@N#PMZUB@MP
PCODZQBGF JBCE]MOPCVNMZ ZMGMQDJOMPMEEB@BMG@R % OCQ
@DZJCG VM@N#PMZUB@MP
8/2/2019 Who is Winning the Clean Energy Race, 2012
30/56
EBGDG@BGA VRXMP DGF VZMGFP
Q N C P Q B G G B G A V N M @ O M D G M G M Z A R Z D @ M 3 : 8 4 4 M F B V B C G:>
EBA]ZM ::< A):8 UMGV]ZM @DXBVDO#XZBUDVM MT]BVR EBGDG@BGA JR PM@VCZ/ :886)44.JBOOBCGP CE &"
46'8
4:'8
48'8
>'8
5'8
6'8
:'8
8'8
PCODZ QBGF JBCE]MOPCVNMZ ZMGMQDJOMPMEEB@BMG@R % OCQ
@DZJCG VM@N#PMZUB@MP
:88=:886 :885 :881 :88> :882 :848 :844
UMGV]ZM @DXBVDO#XZBUDVM MT]BVREBGDG@BGA
Umgv}zm dxbvdo dgf xzbudvm mt}bvr gdg`bga dzm
`ocpmor obgkmf qbvn vm`ngcocar bggcudvbcg dgf
fmumocximgv'
Dovnc}an bv d``c}gvp cz cgor 6 xmz`mgv c `omdg
mgmzar bgumpvimgv/ umgv}zm `dxbvdo bp dg bixczvdgv
bgfb`dvcz c bggcudvbcg dgf fmumocximgv c
xzcibpbga gmq omdg mgmzar vm`ngcocabmp' Umgv}zm
`dxbvdo gdg`bga bg :844 bg`zmdpmf >'5 xmz`mgv vc
&>'5 jboobcg'
Kmr cjpmzudvbcgp bg`o}fm
AQiczm vndg fc}jobga bvp bgpvdoomf pcodz
mgmzar dxd`bvr vc 4:'6 AQ'
8/2/2019 Who is Winning the Clean Energy Race, 2012
32/56
EBGDG@BGA VRXMP DGF VZMGFP
Q N C P Q B G G B G A V N M @ O M D G M G M Z A R Z D @ M 3 : 8 4 4 M F B V B C G08
EBA]ZM :6< A):8BGPVDOOMF QBGF/ JBCIDPP/PIDOO)NRFZC @DXD@BVR .BG AQ"
EBA]ZM :=< A):8BGPVDOOMF PCODZ/AMCVNMZIDO/ IDZBGM @DXD@BVR .BG AQ"
8 :8 68 58 >8 488 4:8 468
@NBGD
]GBVMF PVDVMP
ZMPV CE M]):1
AMZIDGR
PXDBG
LDXDG
BGFBD
JZD\BO
BVDOR
EZDG@M
]GBVMF KBGAFCI
@DGDFD
D]PVZDOBD
V]ZKMR
IM^B@C
PC]VN KCZMD
DZAMGVBGD
PC]VN DEZB@D
BGFCGMPBD
JBCIDPP % QDPVM)
VC)MGMZAR
PIDOO
NRFZC
QBGF
8 = 48 4= :8 :=
AMZIDGR
BVDOR
]GBVMF PVDVMP
LDXDG
ZMPV CE M]):1
PXDBG
@NBGD
EZDG@M
D]PVZDOBD
IM^B@C
PC]VN KCZMD
@DGDFD
BGFBD
BGFCGMGPBD
]GBVMF KBGAFCI
V]ZKMR
JZD\BO
DZAMGVBGD
PC]VN DEZB@D
PCODZ IDZBGMAMCVNMZIDO
A):8 PVBI]O]P E]GFBGA ECZ @OMDG MGMZARBg zmpxcgpm vc vnm aocjdo m`cgcib` `zbpbp c :88>)82
dgf vnm ocga)vmzi pvzdvmab` pbagb`dg`m c vnm `omdg
mgmzar pm`vcz/ 4: imijmzp c vnm A):8 ciibvvmf
iczm vndg &426 jboobcg bg pvbi}o}p }gfbga cz `omdg
mgmzar xzcazdip' Jr vnm mgf c :844/ &46: jboobcg
.10 xmz`mgv" ndf jmmg pxmgv/ bg`o}fbga &65 jboobcg
.:6 xmz`mgv" bg :844' Vnm ]gbvmf Pvdvmp dgf @nbgdd``c}gvmf cz iczm vndg ndo c :844 pxmgfbga'
Vc fdvm/ 0: xmz`mgv c pvbi}o}p }gfbga pxmgv ndp
jmmg fbzm`vmf vc zmgmqdjom mgmzar bgbvbdvbump/ 01
xmz`mgv vc mgmzar me`bmg`r xzcazdip/ dgf 41
xmz`mgv vc pidzv azbf' Mbanv xmz`mgv c pvbi}o}p
}gfbga ndp jmmg dooc`dvmf jr acumzgimgvp cz
zmpmdz`n dgf fmumocximgv mczvp'
C vnm }gfbga/ &=0': jboobcg zmidbgp vc jm pxmgv'
Bv bp mpvbidvmf vndv acumzgimgvp qboo pxmgf &0='1
jboobcg bg :84:/ jzbgabga vcvdo `omdg mgmzar pvbi}o}p
pxmgfbga vc 24 xmz`mgv c vcvdo ciibvimgvp/ qbvn
vnm jdodg`m vc jm pxmgv bg :840 dgf :846'
Ezdg`m dgf @dgdfd ndum pxmgv doo `omdg mgmzar
pvbi}o}p }gfp/ dgf Amzidgr dgf Ldxdg ndum pxmgv
doicpv doo }gfbga' Bg fcoodz vmzip/ @nbgd ndp pxmgv
vnm icpv/ djc}v &66 jboobcg/ coocqmf jr vnm ]gbvmf
Pvdvmp/ qbvn &6: jboobcg pxmgv'
8/2/2019 Who is Winning the Clean Energy Race, 2012
33/56
Q N C P Q B G G B G A V N M @ O M D G M G M Z A R Z D @ M 3 : 8 4 4 M F B V B C G 04
EBGDG@BGA VRXMP DGF VZMGFP
EBA]ZM :5< @OMDG MGMZAR PVBI]O]P E]GFP PXMGV DGF ZMIDBGBGA/ MGF CE :844.JBOOBCGP CE &"
]gbvmf Pvdvmp
@dgdfd
Ldxdg
Pc}vn Kczmd
Amzidgr
Ezdg`m
]gbvmf Kbgafci
M] :1
@nbgd
Jzd|bo
D}pvzdobd
VCVDO
Vcvdo@c}gvzr :848 :844 Zmidbgbga
Pc}z`m< Joccijmza Gmq Mgmzar Ebgdg`m
5='5
8'5
48'=
0:'6
4='4
:'4
0'6
44'4
65':
:'6
0'2
426
:0'5
8
8'4
4='>
8'88:
8
8'>
='0
:':
:'0
:':
=0':
4='1
8'=
4'6
5'0
5':
8
4'6
:'5
4:
8
8'88>
65'0
:5'0
8'4
>'2
48':
>'2
:'4
4'0
0':
0:
8':
4'5
2='6
EBA]ZM :1< DGG]DO PVBI]O]P E]GFBGA ECZ @OMDG MGMZAR XZCAZDIP .JBOOBCGP CE &"
Q N C P Q B G G B G A V N M @ O M D G M G M Z A R Z D @ M 3 : 8 4 4 M F B V B C G 04
EBGDG@BGA VRXMP DGF VZMGFP
>8
18
58
=8
68
08
:8
48
8
:882 :848 :844 :84:m :840m :846m
4:-
01-
:6-
4>-
=- 6-
8/2/2019 Who is Winning the Clean Energy Race, 2012
34/56
EBGDG@BGA VRXMP DGF VZMGFP
Q N C P Q B G G B G A V N M @ O M D G M G M Z A R Z D @ M 3 : 8 4 4 M F B V B C G0:
5
>
2
48
44
40
464=
4=
45
45
45
45
41
:0
:6
:6
:=
:5
:1
:1
:>
:2
08
08
04
04
Q N C P Q B G G B G A V N M @ O M D G M G M Z A R Z D @ M 3 : 8 4 4 M F B V B C G0:
DXXMGFB B Bgumpvimgv jr @c}gvzr dgf Ebgdg`bga Vrxm
Eba' 2 Vcx 48 bg @omdg Mgmzar Bgumpvimgv/ :844
Eba' 48 Vcx 48 Cgm)Rmdz Azcqvn bg Bgumpvimgv
Eba' 44 Vcx 48 Ebum)Rmdz Azcqvn bg Bgumpvimgv/ :885)44
Eba' 4: Vcx 48 Bgumpvimgv Bgvmgpbvr
Eba' 40 Vcx 48 bg Bgpvdoomf Zmgmqdjom Mgmzar @dxd`bvr
Eba' 46 Vcx 48 Ebum)Rmdz Azcqvn bg Zmgmqdjom Mgmzar @dxd`bvr/ :885)44
Eba' 4= Vnm P}pvdbgdjom Mgmzar Ebgdg`bga @cgvbg}}i
Eba' 45 A):8 Dppmv Ebgdg`m jr Pm`vcz/ :886)44
Eba' 41 A):8 Dppmv Ebgdg`m jr Pm`vcz/ :844
Eba' 4> A):8 Pidoo Fbpvzbj}vmf @dxd`bvr Bgumpvimgv/ :886)44
Eba' 42 A):8 Pidoo Fbpvzbj}vmf @dxd`bvr Bgumpvimgv jr @c}gvzr/ :844
Eba' :8 X}job` Idzkmv Bgumpvimgv jr Pm`vcz/ :886)44
Eba' :4 A):8 X}job` Idzkmv Bgumpvimgv jr Pm`vcz/ :844
Eba' :: A):8 Umgv}zm @dxbvdo#Xzbudvm Mt}bvr Ebgdg`bga jr Pm`vcz/ :886)44
Eba' :0 A):8 Umgv}zm @dxbvdo#Xzbudvm Mt}bvr Ebgdg`bga/ :844
Eba' :6 A):8 Bgpvdoomf Zmgmqdjom Mgmzar @dxd`bvr
Eba' := A):8 Bgpvdoomf Zmgmqdjom Mgmzar @dxd`bvr
Eba' :5 @omdg Mgmzar Pvbi}o}p E}gfp Pxmgv dgf Zmidbgbga
Eba' :1 Dgg}do Pvbi}o}p E}gfbga cz @omdg Mgmzar Xzcazdip
8/2/2019 Who is Winning the Clean Energy Race, 2012
35/56
Q N C P Q B G G B G A V N M @ O M D G M G M Z A R Z D @ M 3 : 8 4 4 M F B V B C G 00
DXXMGFB^ :< IMVNCFCOCAR
4 Vnm Zmpv ce vnm M] `dvmaczr bg`o}fmp D}pvzbd/ Jmoab}i/ J}oadzbd/ @rxz}p/ vnm @|m`n Zmx}job`/ Fmgidzk/ Mpvcgbd/ Ebgodgf/ Azmm`m/ N}gadzr/Bzmodgf/ Odvubd/ Obvn}dgbd/ O}~mijc}za/ Idovd/ vnm Gmvnmzodgfp/ Xcodgf/ Xczv}ado/ Zcidgbd/ Pocudkbd/ Pocumgbd/ dgf Pqmfmg'
DXXMGFB :- c vcvdo xcqmz
amgmzdvbcg .jr :845"
Mvndgco =- c vcvdo adpcobgm
`cgp}ixvbcgJbcfbmpmo 1- c vcvdo fbmpmo
`cgp}ixvbcg
DZAMGVBGD
Kmr Bgumpvimgv Bg`mgvbump
Qbgf/ Pcodz/
Jbcidpp/ Pidoo)
Nrfzc
Vd~ bg`mgvbump< Udo}m)Dffmf
Vd~ Zmjdvm # D``momzdvmf
Fmxzm`bdvbcg Jmgmv
Jbc}mop Vd~ m~mixvbcg cz xzcf}`mzp
dgf a}dzdgvmmf ~mf xzb`mp
pmv jr acumzgimgv
Gdvbcgdo @omdg Mgmzar Xcob`bmp
@dzjcg @dx
@dzjcg Idzkmv
Zmgmqdjom Mgmzar Pvdgfdzf
@omdg Mgmzar Vd~ Bg`mgvbump
D}vc Me`bmg`r Pvdgfdzfp
Emmf)Bg Vdzbp
Acumzgimgv Xzc`}zmimgv
Azmmg Jcgfp
Dvmz zm`czfbga vnm A):8p pndzxmpv bg`zmdpm bg `omdg
mgmzar gdg`m bg :848/ Dzamgvbgd m~xmzbmg`mf cgm
c vnm pndzxmpv fm`obgmp bg :844' Bgumpvimgv moo56 xmz`mgv vc &402 iboobcg cz d Gc' 41 zdgkbga bg
vnm A):8' Pmumgvr)pb~ xmz`mgv c doo bgumpvimgvp
qmzm bg vnm jbc}mop p}jpm`vcz cz jbcfbmpmo xodgvp'
Qbvn cgor 58 IQ c qbgf mgmzar `dxd`bvr bgpvdoomf
bg :844/ Dzamgvbgd idfm obvvom xzcazmpp vcqdzf bvp
vdzamv c amgmzdvbga > xmz`mgv c bvp xcqmz zci
`omdg mgmzar bg :845'
FBPVZBJ]VBCG CE BGUMPVIMGVJR PM@VCZ .:88=)44"
Bgpvdoomf @omdg Mgmzar .:844"
Vcvdo Bgpvdoomf Zmgmqdjom Mgmzar 8'51 AQ
Xmz`mgvdam c A):8 Vcvdo 8'4-
=)Rmdz Azcqvn Zdvm 65-
Kmr Zmgmqdjom Mgmzar Pm`vczpJbcfbmpmo .iOxd" 0828
Pidoo)Nrfzc 8'6> AQ
Qbgf 8'42 AQ
d
d
d
d
JBCE]MOP
5=-
CVNMZ ZMGMQDJOMP
PCODZ
:4-
40-4-
QBGF
8/2/2019 Who is Winning the Clean Energy Race, 2012
37/56
0
@C]GVZRXZC
EBOMP
@omdg mgmzar bgumpvimgv bg D}pvzdobd bg`zmdpmf 44
xmz`mgv bg :844 vc &6'2 jboobcg cz vnm Gc' 40 xcpbvbcg
bg vnm A):8' Vnm udpv idlczbvr c bgumpvimgvp bgD}pvzdobd>: xmz`mgv/ cz &6 jboobcgqmzm fbzm`vmf
vcqdzf vnm pcodz pm`vcz/ xzbidzbor cz pidoo zmpbfmgvbdo
xzclm`vp/ qnb`n d``c}gvmf cz 188 IQ c vnm 4/888
IQ c `omdg mgmzar dffmf bg :844' Dg dffbvbcgdo
:>= IQ c qbgf dxd`bvr qdp bgpvdoomf/ dovnc}an
bgumpvimgv bg vnm qbgf pm`vcz moo pndzxor vc ompp vndg
&>88 iboobcg' D}pvzdobd zm`czfmf vnm vnbzf)nbanmpv omumo
c omdg mgmzar bgumpvimgv xmz }gbv c cumzdoo m`cgcib`
c}vx}v' Vnm gdvbcg zdgkp c}zvn bg vmzip c um)rmdz
zdvm c bgumpvimgv azcqvn dgf gbgvn cz um)rmdz zdvm c
azcqvn bg `omdg amgmzdvbcg `dxd`bvr' Bg :844/ D}pvzdobd
dfcxvmf d dzjcg vd~/ qnb`n bp p`nmf}omf vc vdkmmm`v bg L}or :84:' Vnbp xcob`r c}of px}z vnm dffbvbcgdo
bgumpvimgv gmmfmf vc d`nbmum vnm gdvbcgp vdzamv c :8
xmz`mgv zmgmqdjom mgmzar bg :8:8'
Ebgdg`m dgf Bgumpvimgv .:844"
Vcvdo Bgumpvimgv &6'2 jboobcgA):8 Bgumpvimgv Zdgk 40
Xmz`mgvdam c A):8 Vcvdo :':-
=)Rmdz Azcqvn Zdvm :>-
Bgpvdoomf @omdg Mgmzar .:844"
Vcvdo Zmgmqdjom Mgmzar @dxd`bvr =': AQ
Xmz`mgvdam c A):8 Vcvdo 4-
=)Rmdz Azcqvn Zdvm :2-
Kmr Zmgmqdjom Mgmzar Pm`vczp
Qbgf :'0 AQ
Jbcidpp % Qdpvm 8'85 AQ
Pcodz 4'0 AQ
Kmr @omdg Mgmzar Vdzamvp .:8:8"
D]PVZDOBD
Kmr Bgumpvimgv Bg`mgvbump
Pcodz Amgmzdvbcg)jdpmf p}jpbfbmp
Doo Zmgmqdjom
Mgmzar
Azmmg mzvb`dvmp
Mt}bvr }gfumgv}zm dxbvdo
cz pidoo zmgmqdjom mgmzar
`cixdgbmp
Gdvbcgdo @omdg Mgmzar Xcob`bmp
@dzjcg @dx
@dzjcg Idzkmv
Zmgmqdjom Mgmzar Pvdgfdzf
@omdg Mgmzar Vd~ Bg`mgvbump
D}vc Me`bmg`r Pvdgfdzfp
Emmf)Bg Vdzbp
Acumzgimgv Xzc`}zmimgv
Azmmg Jcgfp
d
d
d
d
d
FBPVZBJ]VBCG CE BGUMPVIMGVJR PM@VCZ .:88=)44"
QBGF
6:-
CVNMZ ZMGMQDJOMP
JBCE]MOP
60-
1-
5-
PCODZ
Zmgmqdjom
mgmzar
:8- c vcvdo cgp}ixvbcg
MEEB@BMG@R % OCQ @DZJCGVM@N#PMZUB@MP
:-
8/2/2019 Who is Winning the Clean Energy Race, 2012
38/56
Q
NCP
Q
BGGBGA
VNM
@OMDG
MGMZAR
ZD@M3
:844
MFBVBCG
05
@C]GVZRXZCEBOMP
Ebgdg`m dgf Bgumpvimgv .:844"
Vcvdo Bgumpvimgv &> jboobcg
A):8 Bgumpvimgv Zdgk 48
Xmz`mgvdam c A):8 Vcvdo 0'5-
=)Rmdz Azcqvn Zdvm 46-
Bgpvdoomf @omdg Mgmzar .:844"
Vcvdo Zmgmqdjom Mgmzar @dxd bvr 4='0 AQ
Xmz`mgvdam c A):8 Vcvdo 0-
=)Rmdz Azcqvn Zdvm 62-
Kmr Zmgmqdjom Mgmzar Pm`vczpJbcmvndgco .iOxd" 05 Jboobcg
Jbcidpp >'1 AQ
Pidoo)Nrfzc = AQ
Kmr @omdg Mgmzar Vdzamvp .:84:"
Qbgf 4'> AQ
Mvndgco :8- c vcvdo adpcobgm `cgp}ixvbcg
Jbcfbmpmo =- c vcvdo fbmpmo `cgp}ixvbcg
JZD\BO
Kmr Bgumpvimgv Bg`mgvbump
Qbgf Amgmzdvbcg)jdpmf p}jpbfbmp # XzmmzmgvbdoJGFMP ocdgp# Vzdgpibppbcg dgffbpvzbj}vbcg vd~mp fbp`c}gv #Vd~ bg mgvbump
Pidoo)Nrfzc Amgmzdvbcg)jdpmf p}jpbfbmp # XzmmzmgvbdoJGFMP ocdgp# Vzdgpibppbcg dgffbpvzbj}vbcg vd~mp fbp`c}gv #Vd~ bg mgvbump
Jbcidpp Amgmzdvbcg)jdpmf p}jpbfbmp # XzmmzmgvbdoJGFMP ocdgp# Vzdgpibppbcg dgffbpvzbj}vbcg vd~mp fbp`c}gv #Vd~ bg mgvbump
@omdg mgmzar bgumpvimgv bg Jzd|bo bg`zmdpmf jr
4= xmz`mgv vc &> jboobcg/ 48vn cumzdoo bg vnm A):8'
Jzd|bo bp idkbga `omdz xzcazmpp bg bvp `omdg mgmzarpm`vcz/ qnb`n ndp zm`czfmf vnm vnbzf)dpvmpv
bgpvdoomf `dxd`bvr azcqvn bg vnm xdpv um rmdzp'
Jzd|bo p}zxdppmf 4 AQ bg bgpvdoomf qbgf `dxd`bvr bg
:844/ dffbga 688 IQ/ dgf vnm pm`vcz bp xzbimf vc
m~xdgf bg vnm `cibga rmdzp' Dg dffbvbcgdo 4'2 AQ
c jbcidpp qdp bgpvdoomf bg :844/ idkbga Jzd|bo vnm
qczof omdfmz cz bgpvdoomf `dxd`bvr bg vnbp `dvmaczr
cz vnm zpv vbim' Jzd|bo dopc zmidbgp vnm qczof omdfmz
bg jbcfbmpmo c}vx}v `dxd`bvr' Bg d :844/ zmumzpm
d}`vbcg cz gmq xcqmz amgmzdvbcg dxd`bvr/ jbfp cz
4'2 AQ c qbgf xcqmz `dim bg dv &5:#IQ)n ompp
m~xmgpbum vndg cgumgvbcgdo xcqmz dovmzgdvbump dgfvnmg qbgf cmzbgap dgrqnmzm bg vnm qczof'
Gdvbcgdo @omdg Mgmzar Xcob`bmp
@dzjcg @dx
@dzjcg Idzkmv
Zmgmqdjom Mgmzar Pvdgfdzf
@omdg Mgmzar Vd~ Bg`mgvbump
D}vc Me`bmg`r Pvdgfdzfp
Emmf)Bg Vdzbp
Acumzgimgv Xzc`}zmimgv
Azmmg Jcgfp
d
d
d
d
d
d
FBPVZBJ]VBCG CE BGUMPVIMGVJR PM@VCZ .:88=)44"
JBCE]MOP
=8-
CVNMZ ZMGMQDJOMP
:1-
:0-
QBGF
8/2/2019 Who is Winning the Clean Energy Race, 2012
39/56
0
@C]GVZRXZC
EBOMP
@dgdfdp omdg mgmzar bgumpvimgv azmq jr 6 xmz`mgv
bg :844 vc &='= jboobcg' Vnm `c}gvzr zdgkp 44vn
dicga vnm A):8 gdvbcgp cz `omdg mgmzar bgumpvimgvj}v pb~vn bg bgumpvimgv bgvmgpbvr dgf pmumgvn bg
um)rmdz bgumpvimgv azcqvn' Bg dffbvbcg/ @dgdfdm~xmzbmg`mf vnm mbanvn)dpvmpv azcqvn bg bgpvdoomf
`omdg mgmzar amgmzdvbga `dxd`bvr' Bg :844/ l}pv cumzndo c vnm bgumpvimgvp bg @dgdfd qmzm fbzm`vmf vc
qbgf zmpc}z`mp .&:'> jboobcg"/ mgdjobga dffbvbcg c4'0 AQ c qbgf amgmzdvbga `dxd`bvr' Vnbzvr)pmumgxmz`mgv c bgumpvimgvp .&: jboobcg" qmzm fbzm`vmf
vc vnm pcodz pm`vcz/ qnmzm :88 IQ c zmpbfmgvbdodgf `ciimz`bdo pcodz qdp bgpvdoomf' Doicpv doo c
vnm @dgdfbdg bgumpvimgv qdp bg vnm dppmv gdg`m`dvmaczr'
Ebgdg`m dgf Bgumpvimgv .:844"
Vcvdo Bgumpvimgv &='= jboobcgA):8 Bgumpvimgv Zdgk 44
Xmz`mgvdam c A):8 Vcvdo :'6-
=)Rmdz Azcqvn Zdvm ::-
Bgpvdoomf @omdg Mgmzar .:844"
Vcvdo Zmgmqdjom Mgmzar @dxd`bvr 2'5 AQ
Xmz`mgvdam c A):8 Vcvdo 4'2-
=)Rmdz Azcqvn Zdvm 0:-
Kmr Zmgmqdjom Mgmzar Pm`vczp
Qbgf ='6 AQ
Pidoo)Nrfzc : AQ
Jbcidpp % Qdpvm 4'> AQ
Pcodz 8'61 AQ
Kmr @omdg Mgmzar Vdzamvp .:8:8"
@DGDFD
Kmr Bgumpvimgv Bg`mgvbump,
Qbgf/ Pcodz/ Amgmzdvbcg)jdpmf p}jpbfbmp #
Jbcidpp Xzmmzmgvbdo ocdgp
Gdvbcgdo @omdg Mgmzar Xcob`bmp
@dzjcg @dx
@dzjcg Idzkmv
Zmgmqdjom Mgmzar Pvdgfdzf
@omdg Mgmzar Vd~ Bg`mgvbump
D}vc Me`bmg`r Pvdgfdzfp
Emmf)Bg Vdzbp
Acumzgimgv Xzc`}zmimgv
Azmmg Jcgfpd
d
Qbgf.T}mjm`"
Pcodz
6'1 AQ
8'= AQ
FBPVZBJ]VBCG CE BGUMPVIMGVJR PM@VCZ .:88=)44"
QBGF
=5-
CVNMZ ZMGMQDJOMP
JBCE]MOP
42-
40-
>-
PCODZ
MEEB@BMG@R % OCQ @DZJCG
VM@N#PMZUB@MP
6-
,Bg`mgvbump xzbidzbor vnzc}an xzcubg`bdo acumzgimgvp
8/2/2019 Who is Winning the Clean Energy Race, 2012
40/56
Q
NCP
Q
BGGBGA
VNM
@OMDG
MGMZAR
ZD@M3
:844
MFBVBCG
0>
@C]GVZRXZCEBOMP
Ebgdg`m dgf Bgumpvimgv .:844"
Vcvdo Bgumpvimgv &6='= jboobcg
A):8 Bgumpvimgv Zdgk :
Xmz`mgvdam c A):8 Vcvdo :8':-
=)Rmdz Azcqvn Zdvm 01-
Bgpvdoomf @omdg Mgmzar .:844"
Vcvdo Zmgmqdjom Mgmzar @dxd`bvr 400
Xmz`mgvdam c A):8 Vcvdo :5-
=)Rmdz Azcqvn Zdvm 2:-
Kmr Zmgmqdjom Mgmzar Pm`vczpQbgf 56 AQ
Pidoo)Nrfzc 5: AQ
Jbcidpp % Qdpvm 6 AQ
Pcodz XU 0 AQ
Kmr @omdg Mgmzar Vdzamvp .:8:8"
Qbgf 458 AQ
Jbcidpp % QVM 08 AQ
Pcodz =8 AQ
@NBGD
Kmr Bgumpvimgv Bg`mgvbump
Qbgf Eb~mf mmf)bg vdzb
Zmgmqdjom Mgmzar Zmgmqdjom mgmzarp}z`ndzam dgf
p}jpbfr p`nmim
Pcodz Eb~mf mmf)bg vdzb/ zccvcxdgf j}bofbga bgvmazdvmf
XU p}jpbfr/ xncvcucovdb`vd~ p}jpbfbmp
@nbgd dvvzd`vmf &6='6 jboobcg qczvn c `omdg mgmzar
bgumpvimgvp bg :844/ qnb`n qdp 4 xmz`mgv djcum
:848 omumop/ fzcxxbga vnm `c}gvzr zci vnm A):8omdf vc pm`cgf xod`m cz vnm zpv vbim bg vnzmm rmdzp'@nbgd cgvbg}mf vc dvvzd`v pbagb`dgv bgumpvimgvbg qbgf/ qnb`n vcvdomf &:2 jboobcg bg :844/ px}zzbga
fmxocrimgv c :8 AQ c qbgf `dxd`bvr' @nbgd dopcomdfp bg d g}ijmz c `dvmaczbmp/ bg`o}fbga cumzdoo
bgpvdoomf `dxd`bvr/ nmdfmf jr d qczof)omdfbga 56AQ c qbgf `dxd`bvr dgf 5: AQ c pidoo)nrfzc
xcqmz' Bv zdgkp vnbzf bg um)rmdz bgumpvimgv azcqvn/zpv bg bgpvdoomf amgmzdvbga `dxd`bvr bg :844 dgfcumz vnm xdpv um rmdzp/ dgf vnbzf bg bgumpvimgv
bgvmgpbvr' Bgumpvimgvp bg pcodz mgmzar bg`zmdpmf vc&44'0 jboobcg/ dgf :'0 AQ c `dxd`bvr qdp bgpvdoomf bg
:844/ icpv c bv }vbobvr)p`dom xzclm`vp' @nbgdp zm`mgvdfcxvbcg c pcodz bg`mgvbump dgf vdzamvp `c}of jm
`zbvb`do vc vnm qczofqbfm bgf}pvzr bg vnm rmdzp dnmdf'
Gdvbcgdo @omdg Mgmzar Xcob`bmp
@dzjcg @dx
@dzjcg Idzkmv
Zmgmqdjom Mgmzar Pvdgfdzf
@omdg Mgmzar Vd~ Bg`mgvbump
D}vc Me`bmg`r Pvdgfdzfp
Emmf)Bg Vdzbp
Acumzgimgv Xzc`}zmimgv
Azmmg Jcgfp
d
d
d
d
d
d
FBPVZBJ]VBCG CE BGUMPVIMGVJR PM@VCZ .:88=)44"
QBGF
5>-
CVNMZ ZMGMQDJOMP
JBCE]MOP
46-
40-
0-
PCODZ
MEEB@BMG@R % OCQ @DZJCG
VM@N#PMZUB@MP
4-
8/2/2019 Who is Winning the Clean Energy Race, 2012
41/56
0
@C]GVZRXZC
EBOMP
Ezdg`m bg :844 m~xmzbmg`mf 05 xmz`mgv azcqvn bg
`omdg mgmzar bgumpvimgvp/ qnb`n bg`zmdpmf vc &=
jboobcg/ vnm vn)nbanmpv azcqvn zdvm bg vnm A):8'Vnm pcodz pm`vcz bg Ezdg`m azmq pbagb`dgvor/ qbvn
bgpvdoodvbcgp bg`zmdpbga 46= xmz`mgv cumz :848
omumop vc 4'5 AQ/ bg`o}fbga 588 IQ c }vbobvr)p`dom
pcodz' Iczm vndg >8 xmz`mgv c vnm `omdg mgmzar
bgumpvimgvp bg Ezdg`m qmgv vc vnm pcodz pm`vcz/ qnb`n
zm`mbumf &6'6 jboobcg' Bgumpvimgv qdp dbzor mumgor
pxobv jmvqmmg dppmv gdg`m dgf pidoo fbpvzbj}vmf
`dxd`bvr' Ezdg`m dopc dffmf 188 IQ c qbgf
`dxd`bvr dgf bp Gc' 1 bg vnm A):8 cz um)rmdz zdvm
c azcqvn bg bgpvdoomf `omdg mgmzar `dxd`bvr' Vnm
gdvbcg dfcxvmf pcodz xncvcucovdb` mmf)bg vdzbp dgf
bp xod`bga d xzbczbvr cg fmumocximgv c cpnczm qbgfdgf mgmzar me`bmg`r zmpc}z`mp bg vnm `cibga rmdzp'
Ebgdg`m dgf Bgumpvimgv .:844"
Vcvdo Bgumpvimgv &= jboobcg
A):8 Bgumpvimgv Zdgk =
Xmz`mgvdam c A):8 Vcvdo :':-
=)Rmdz Azcqvn Zdvm 8'4-
Bgpvdoomf @omdg Mgmzar .:844"
Vcvdo Zmgmqdjom Mgmzar @dxd`bvr 4> AQ
Xmz`mgvdam c A):8 Vcvdo 0'=-
=)Rmdz Azcqvn Zdvm 64-
Kmr Zmgmqdjom Mgmzar Pm`vczpQbgf 5'0 AQ
Pidoo)Nrfzc 1'5 AQ
Pcodz XU :'1 AQ
Jbcidpp % Qdpvm 8'>6 AQ
Kmr @omdg Mgmzar Vdzamvp
Zmgmqdjom Mgmzar :0- c gdo mgmzar`cgp}ixvbcg jr :8:8
Vzdgpxczvdvbcg Zmgmqdjom mgmzar 48- cvzdgpxczvdvbcg mgmzar jr:8:8
Me`bmg`r :8- zmf}`vbcg bg xzbidzrmgmzar cgp}ixvbcg
EZDG@M
Kmr Bgumpvimgv Bg`mgvbump
Qbgf/ Pcodz Emmf)bg vdzbp
ZM Mt}bximgv Vd~ `zmfbv cz ZM mt}bximgv
}pmf cz zmpbfmgvbdo xcqmz
Vmgfmz cmzp Cpnczm qbgf 5 AQ :844)4:;
XU odzamz vndg 488 kQ bp
xzmmzzmf jr dx
Me`bmg`r Mgmzar pdubga mzvb`dvm
xzcazdi
Gdvbcgdo @omdg Mgmzar Xcob`bmp
@dzjcg @dx
@dzjcg Idzkmv
Zmgmqdjom Mgmzar Pvdgfdzf
@omdg Mgmzar Vd~ Bg`mgvbump
D}vc Me`bmg`r Pvdgfdzfp
Emmf)Bg Vdzbp
Acumzgimgv Xzc`}zmimgv
Azmmg Jcgfp
d
d
d
d
d
d
FBPVZBJ]VBCG CE BGUMPVIMGVJR PM@VCZ .:88=)44"
QBGF
=:-
CVNMZ ZMGMQDJOMP
JBCE]MOP
00-
>-
1-
PCODZ
MEEB@BMG@R % OCQ @DZJCGVM@N#PMZUB@MP
4-
8/2/2019 Who is Winning the Clean Energy Race, 2012
42/56
Q
NCP
Q
BGGBGA
VNM
@OMDG
MGMZAR
ZD@M3
:844
MFBVBCG
68
@C]GVZRXZCEBOMP
Ebgdg`m dgf Bgumpvimgv .:844"
Vcvdo Bgumpvimgv &08'5 jboobcg
A):8 Bgumpvimgv Zdgk 0
Xmz`mgvdam c A):8 Vcvdo 46-
=)Rmdz Azcqvn Zdvm :8-
Bgpvdoomf @omdg Mgmzar .:844"
Vcvdo Zmgmqdjom Mgmzar @dxd`bvr 54 AQ
Xmz`mgvdam c A):8 Vcvdo 4:-
=)Rmdz Azcqvn Zdvm 42-Kmr Zmgmqdjom Mgmzar Pm`vczp
Qbgf :2 AQ
Pcodz := AQ
Jbcidpp % Qdpvm ='1 AQ
Pidoo)Nrfzc 4'2 AQ
Kmr @omdg Mgmzar Vdzamvp .:8:8"
Zmgmqdjom :0- c gdo mgmzarMgmzar `cgp}ixvbcg jr :8:8
Vzdgpxczvdvbcg Zmgmqdjom mgmzar 48- c
vzdgpxczvdvbcg mgmzar jr :8:8
AMZIDGR
Kmr Bgumpvimgv Bg`mgvbump
Qbgf/ Pcodz/ Emmf)bg vdzbp .d``momzdvmf EbV czJbcidpp cpnczm qbgf"
Jbc}mop Jbc}mo jomgfbga zmt}bzmimgv
Zmgmqdjom Idzkmv bg`mgvbump
nmdvbga
Amzidgr dvvzd`vmf = xmz`mgv ompp bgumpvimgv bg :844vndg bg :848/ adzgmzbga &08'5 jboobcg' Vnbp fm`obgm
pnbvmf Amzidgrp zdgk zci pm`cgf vc vnbzf xod`m bgvnm A):8' Ncqmumz/ bgumpvimgv omumop qmzm pbagb`dgv
mgc}an vc px}z fmxocrimgv c 1'= AQ c pcodzamgmzdvbga `dxd`bvr/ vnm pdim omumo zm`czfmf bg :848'
Iczm vndg vqc)vnbzfp c vnm bgpvdoomf pcodz `cgpvbv}vmfpidoo/ `ciimz`bdo xzclm`vp' Pb~vr)um xmz`mgv cbgumpvimgv bg Amzidgr qdp fbzm`vmf vcqdzf pcodz/
qbvn :2 xmz`mgv .&>'= jboobcg" fbzm`vmf vc qbgf' Bgdffbvbcg/ 188 IQ c jbcidpp `dxd`bvr qdp dffmf bg
:844' Amzidgr bp pm`cgf bg vnm A):8 cz bgumpvimgvbgvmgpbvr dgf vnbzf bg bgpvdoomf dxd`bvr' Vnm `c}gvzrp
`}zvdboimgv c pcodz bg`mgvbump `c}of jm ibvbadvmfjr bvp fm`bpbcg vc d``momzdvm vnm xndpmc}v c g}`omdzamgmzdvbga `dxd`bvr jr :8::'
Gdvbcgdo @omdg Mgmzar Xcob`bmp
@dzjcg @dx
@dzjcg Idzkmv
Zmgmqdjom Mgmzar Pvdgfdzf
@omdg Mgmzar Vd~ Bg`mgvbump
D}vc Me`bmg`r Pvdgfdzfp
Emmf)Bg Vdzbp
Acumzgimgv Xzc`}zmimgv
Azmmg Jcgfp
d
d
d
d
d
d
FBPVZBJ]VBCG CE BGUMPVIMGVJR PM@VCZ .:88=)44"
QBGF
11-
CVNMZ ZMGMQDJOMP JBCE]MOP
45-
6- :-
PCODZ
8/2/2019 Who is Winning the Clean Energy Race, 2012
43/56
6
@C]GVZRXZC
EBOMP
Bgfbdp omdg mgmzar pm`vcz qdp vnm pm`cgf)dpvmpv)azcqbga bg vnm A):8 bg :844/ qbvn bgumpvimgvp
bg`zmdpbga =6 xmz`mgv vc &48': jboobcg' Pcodz mgmzarbgumpvimgvp qmzm }x pmumgcof/ dgf bgpvdoomf`dxd`bvr bg`zmdpmf 48 vbimp djcum :848 omumop' Bg
vnm }vbobvr pcodz `dvmaczr/ djc}v 088 IQ c `dxd`bvrqdp dffmf/ dgf 65 IQ qdp bgpvdoomf bg zmpbfmgvbdo
pcodz' Qbgf mgmzar dxd`bvr dffbvbcgp qmzm dzm`czf :'> AQ' Vnmpm g}ijmzp zmm`v jdodg`mf
bgumpvimgvp bg Bgfbd/ qnmzm 6= xmz`mgv c gdg`bga.&6'5 jboobcg" qdp fbzm`vmf vc qbgf zmpc}z`mp dgf 64xmz`mgv .&6': jboobcg" qmgv vc pcodz' Bgfbdp azcqvn
xzcxmoomf bv zci 48vn vc pb~vn xod`m bg vnm A):8/
dgf vnm `c}gvzr zdgkp vn bg vmzip c um)rmdzbgumpvimgv azcqvn'
Ebgdg`m dgf Bgumpvimgv .:844"
Vcvdo Bgumpvimgv &48': jboobcg
A):8 Bgumpvimgv Zdgk 5
Xmz`mgvdam c A):8 Vcvdo 6'=-
=)Rmdz Azcqvn Zdvm :0-
Bgpvdoomf @omdg Mgmzar .:844"
Vcvdo Zmgmqdjom Mgmzar @dxd`bvr ::'6 AQ
Xmz`mgvdam c A):8 Vcvdo 6'6-
=)Rmdz Azcqvn Zdvm :4-
Kmr Zmgmqdjom Mgmzar Pm`vczp
Qbgf 4='1 AQ
Pidoo)Nrfzc 0': AQ
Jbcidpp % Qdpvm 0 AQ
Pcodz 8'6 AQ
Kmr @omdg Mgmzar Vdzamvp .:84:"
Qbgf 41'5 AQ
Pcodz 0'6 AQJbcidpp :'> AQ
BGFBD
Kmr Bgumpvimgv Bg`mgvbump,
Gdvbcgdo @omdg Mgmzar Xcob`bmp
@dzjcg @dx
@dzjcg Idzkmv
Zmgmqdjom Mgmzar Pvdgfdzf
@omdg Mgmzar Vd~ Bg`mgvbump
D}vc Me`bmg`r Pvdgfdzfp
Emmf)Bg Vdzbp
Acumzgimgv Xzc`}zmimgv
Azmmg Jcgfpd
d
d
d
,Bg`mgvbump xzbidzbor vnzc}an xzcubg`bdo bgumpvimgvp
FBPVZBJ]VBCG CE BGUMPVIMGV JRPM@VCZ .:88=)44"
QBGF
=4-
CVNMZ ZMGMQDJOMP JBCE]MOP
04-
4=-
:-
PCODZ
Qbgf/ Pcodz Emmf)bg vdzbp/ Zmgmqdjom
Pidoo)Nrfzc/ D``momzdvmf fmxzm`bdvbcg c >8- bg rmdzJbcidpp cgm
Zmgmqdjom Xzmmzmgvbdo vd~ zdvm c 4=- bgpvmdf cMgmzar vnm pvdgfdzf 08-
Gdvbcgdo Acdo Gdvbcgdo Pcodz Ibppbcgqnb`ndbip vc fmxocr :8 AQ c pcodz mgmzarjr :8:8
8/2/2019 Who is Winning the Clean Energy Race, 2012
44/56
Q
NCP
Q
BGGBGA
VNM
@OMDG
MGMZAR
ZD@M3
:844
MFBVBCG
6:
@C]GVZRXZCEBOMP
Gdvbcgdo @omdg Mgmzar Xcob`bmp
@dzjcg @dx
@dzjcg Idzkmv
Zmgmqdjom Mgmzar Pvdgfdzf
@omdg Mgmzar Vd~ Bg`mgvbump
D}vc Me`bmg`r Pvdgfdzfp
Emmf)Bg Vdzbp
Acumzgimgv Xzc`}zmimgv
Azmmg Jcgfp
d
dd
d
Ebgdg`m dgf Bgumpvimgv .:844"
Vcvdo Bgumpvimgv &4 jboobcg
A):8 Bgumpvimgv Zdgk 46
Xmz`mgvdam c A):8 Vcvdo 8'6-
=)Rmdz Azcqvn Zdvm =0-
Bgpvdoomf @omdg Mgmzar .:844"
Vcvdo Zmgmqdjom Mgmzar @dxd`bvr 4': AQ
Xmz`mgvdam c A):8 Vcvdo 8':-
=)Rmdz Azcqvn Zdvm >-
Kmr Zmgmqdjom Mgmzar Pm`vczp
Jbcfbmpmo .iOxd" :/601
Amcvnmzido 4 AQ
Pidoo)Nrfzc 8': AQ
Kmr @omdg Mgmzar Vdzamvp .:8:="
BGFCGMPBD
Kmr @omdg Mgmzar Bg`mgvbump
Bgfcgmpbd zm`czfmf =:8 xmz`mgv azcqvn bg dvvzd`vbga`omdg mgmzar bgumpvimgvp bg :844/ vnm dpvmpv zdvm
dicga A):8 imijmz gdvbcgp' Cumzdoo/ iczm vndg
&4 jboobcg qdp bgumpvmf bg `omdg mgmzar dppmvp bg
Bgfcgmpbd bg :844' Vnm `c}gvzr ndp dg mpvbidvmf
68 xmz`mgv c vnm qczofp kgcqg amcvnmzido mgmzar
zmpc}z`m/ dgf :844 bgumpvimgvp qmzm a}bfmf vcqdzf
fmumocxbga vnbp gdv}zdo pc}z m c nmdv' Bgfcgmpbdp
zdxbf :844 azcqvn bg`zmdpmf bvp um)rmdz azcqvn
zdvm/ zdgkbga bv pm`cgf dicga A):8 gdvbcgp bg vndv
`dvmaczr'
FBPVZBJ]VBCG CE BGUMPVIMGV JRPM@VCZ .:88=)44"
>>-
CVNMZ ZMGMQDJOMP JBCE]MOP
48-
MEEB@BMG@R % OCQ @DZJCG
VM@N#PMZUB@MP
:-
Amcvnmzido 2'= AQ
Qbgf 218 IQ
Pcodz >18 IQZmgmqdjom 4=- c doo mom`vzb`bvr vc jmMgmzar Xcqmz pc}z`mf zci omdg mgmzar
Amcvnmzido Xzmmzmgvbdo vdzbp/ gc bixczv f}vbmpcz UDV/ bg`cim vd~ zmf}`vbcg
Zmgmqdjom Xzmmzmgvbdo vdzb cz xzclm`vp jmocqMgmzar Xcqmz 48IQ/ bixczv f}vr dgf UDV
m~mixvbcg/ bg`cim vd~ zmf}`vbcg/a}dzdgvmmf x}z`ndpm c zmgmqdjom
xcqmz jr pvdvm }vbobvbmp
8/2/2019 Who is Winning the Clean Energy Race, 2012
45/56
6
@C]GVZRXZC
EBOMP
Gdvbcgdo @omdg Mgmzar Xcob`bmp
@dzjcg @dx
@dzjcg Idzkmv
Zmgmqdjom Mgmzar Pvdgfdzf
@omdg Mgmzar Vd~ Bg`mgvbump
D}vc Me`bmg`r Pvdgfdzfp
Emmf)Bg Vdzbp
Acumzgimgv Xzc`}zmimgv
Azmmg Jcgfp
d
d
d
d
d
d
d
Bvdor `cgvbg}mf vc fbpvbga}bpn bvpmo dp cgm c vnm
qczofp icpv frgdib` pcodz idzkmvp/ qbvn cumzdoo
`omdg mgmzar bgumpvimgv zbpbga 0>'6 xmz`mgv vc dzm`czf &:> jboobcg' Doicpv doo c vnmpm bgumpvimgvpqmzm fbzm`vmf vcqdzf fmumocximgv c pcodz mgmzar/xzcxmoobga bgpvdoodvbcg c > AQ c amgmzdvbga
`dxd`bvr/ iczm vndg ndo c bv pidoo `ciimz`bdoxzclm`vp/ j}v dopc d qczof)omdfbga :': AQ c }vbobvr)
p`dom amgmzdvbga `dxd`bvr' Vnm `c}gvzr dopc bgpvdoomf4 AQ c qbgf' Bvdor gcq zdgkp c}zvn bg vnm A):8
cz `omdg mgmzar bgumpvimgv/ zpv bg um)rmdz zdvm cbgumpvimgv azcqvn/ zpv bg bgumpvimgv bgvmgpbvr/ dgfpb~vn bg bgpvdoomf `omdg mgmzar `dxd bvr' Qnmzmdp
cvnmz M}zcxmdg gdvbcgp ndum pbagb`dgvor }zvdbomfzmgmqdjom mgmzar bg`mgvbump bg ubmq c j}famv
xzmpp}zmp/ Bvdor ndp xzcvm`vmf vnmpm bg`mgvbump bgncxmp c pvbi}odvbga m`cgcib` azcqvn'
Ebgdg`m dgf Bgumpvimgv .:844"
Vcvdo Bgumpvimgv &:> jboobcg
A):8 Bgumpvimgv Zdgk 6
Xmz`mgvdam c A):8 Vcvdo 4:'6-
=)Rmdz Azcqvn Zdvm >2-
Bgpvdoomf @omdg Mgmzar .:844"
Vcvdo Zmgmqdjom Mgmzar @dxd`bvr :> AQ
Xmz`mgvdam c A):8 Vcvdo ='=-
=)Rmdz Azcqvn Zdvm 61-
Kmr Zmgmqdjom Mgmzar Pm`vczpPcodz 4:'6 AQ
Pidoo)Nrfzc ='> AQ
Jbcidpp % Qdpvm 4'2 AQ
Amcvnmzido 8'>1 AQ
Qbgf 5'1 AQ
Kmr @omdg Mgmzar Vdzamvp .:8:8"
BVDOR
Kmr Bgumpvimgv Bg`mgvbump
FBPVZBJ]VBCG CE BGUMPVIMGV JRPM@VCZ .:88=)44"
QBGF
>0-
CVNMZ ZMGMQDJOMP JBCE]MOP
4:-
6- 4-
PCODZ
Zmgmqdjom 41- c gdo mgmzar cgp}ixvbcg jr :8:8
Mgmzar
Vzdgpxczvdvbcg Zmgmqdjom mgmzar 48- c vzdgpxczvdvbcgmgmzar jr :8:8
Qbgf/ Pcodz/ Emmf)bg vdzbp
Jbcidpp
Zmgmqdjom Azmmg mzvb`dvmp
Mgmzar
Mgmzar Me`bmg`r Mgmzar me`bmg`r zmfbvp
8/2/2019 Who is Winning the Clean Energy Race, 2012
46/56
Q
NCP
Q
BGGBGA
VNM
@OMDG
MGMZAR
ZD@M3
:844
MFBVBCG
66
@C]GVZRXZCEBOMP
Ebgdg`m dgf Bgumpvimgv .:844"
Vcvdo Bgumpvimgv &>'5 jboobcg
A):8 Bgumpvimgv Zdgk >
Xmz`mgvdam c A):8 Vcvdo 6-
=)Rmdz Azcqvn Zdvm ::-
Bgpvdoomf @omdg Mgmzar .:844"
Vcvdo Zmgmqdjom Mgmzar @dxd`bvr :6 AQ
Xmz`mgvdam c A):8 Vcvdo 6'1-
=)Rmdz Azcqvn Zdvm 45-
Kmr Zmgmqdjom Mgmzar Pm`vczp
Pidoo)Nrfzc 40': AQ
Pcodz = AQ
Jbcidpp % Qdpvm 0'0 AQ
Qbgf :'= AQ
Amcvnmzido 8'== AQ
Kmr @omdg Mgmzar Vdzamvp .:8:8"
LDXDG
Kmr Bgumpvimgv Bg`mgvbump
Dadbgpv vnm jd`kfzcx c vnm fbpdpvmz dv vnmE}k}pnbid g}`omdz xcqmz xodgv/ omdg mgmzar
bgumpvimgv bg Ldxdg bg`zmdpmf jr :0 xmz`mgv vc &>'5
jboobcg/ xmzndxp czmpndfcqbga }v}zm azcqvn dp vnm
gdvbcg icump dqdr zci g}`omdz xcqmz' Gbgmvr)
c}z xmz`mgv c `omdg mgmzar bgumpvimgv bg Ldxdg
qmgv vc vnm pcodz pm`vcz/ icpvor cz pidoo fbpvzbj}vmf
`dxd`bvr/ bg`o}fbga 4'4 AQ bg vnm zmpbfmgvbdo pm`vcz'
Dg dffbvbcgdo 428 IQ c `ciimz`bdo pcodz qdp
fmxocrmf dp qmoo/ docga qbvn 4=8 IQ c qbgf'
Omabpodvbcg dfcxvmf bg vnm qdkm c vnm E}k}pnbid
fbpdpvmz mpvdjobpnmf mmf)bg vdzbp cz qbgf/ pcodz/ dgf
amcvnmzido mgmzar zmpc}z`m fmumocximgv'
Qbgf = AQPcodz :> AQ
Gdvbcgdo @omdg Mgmzar Xcob`bmp
@dzjcg @dx
@dzjcg Idzkmv
Zmgmqdjom Mgmzar Pvdgfdzf
@omdg Mgmzar Vd~ Bg`mgvbump
D}vc Me`bmg`r Pvdgfdzfp
Emmf)Bg Vdzbp
Acumzgimgv Xzc`}zmimgv
Azmmg Jcgfp
d
d
d
d
d
FBPVZBJ]VBCG CE BGUMPVIMGV JRPM@VCZ .:88=)44"
QBGF
12-
CVNMZ ZMGMQDJOMP JBCE]MOP
44-
2-4-
PCODZ
Pcodz Zmpbfmgvbdo mmf)bg vdzb
Mgmzar Me`bmg`r Mgmzar jdgk< E}gf cz mgmzarme`bmg`r dgf @C
:
8/2/2019 Who is Winning the Clean Energy Race, 2012
47/56
6
@C]GVZRXZC
EBOMP
Dvmz d zm`czf &: jboobcg omumo c bgumpvimgv bg :848/`omdg mgmzar gdg`bga bg Im~b`c `coodxpmf bg :844/
doobga 21 xmz`mgv vc cgor &65 iboobcg' Pcim c vnm
fm`obgm bp vnm zmp}ov c vnm `cg`o}pbcg c pcim odzam
xzclm`v gdg`bgap bg :848' Pmumzdo idlcz xzclm`vp
qmzm dggc}g`mf bg :844 j}v qmzm gcv cixomvmf
dgf fc gcv dxxmdz bg :844 bgumpvimgvp' Djc}v 088
IQ c qbgf amgmzdvbga dxd`bvr/ Im~b`cp omdfbga
pc}z`m c `omdg mgmzar/ qdp dffmf bg :844' Im~b`cp
}gmumg xmzczidg`m bg vnm `omdg mgmzar pm`vcz bp
zmm`vmf bg bvp djpmg`m zci dgr vcx)48 zdgkbgap
dicga vnm A):8 c}gvzbmp'
Ebgdg`m dgf Bgumpvimgv .:844"
Vcvdo Bgumpvimgv &65 iboobcg
A):8 Bgumpvimgv Zdgk 4>
Xmz`mgvdam c A):8 Vcvdo 8'8:-
=)Rmdz Azcqvn Zdvm )1'=-
Bgpvdoomf @omdg Mgmzar .:844"
Vcvdo Zmgmqdjom Mgmzar @dxd`bvr :'5 AQ
Xmz`mgvdam c A):8 Vcvdo 8'=-
=)Rmdz Azcqvn Zdvm 41-
Kmr Zmgmqdjom Mgmzar Pm`vczp
Qbgf 4'0 AQ
Amcvnmzido 8'2= AQ
Kmr @omdg Mgmzar Vdzamvp .:84:"
IM B@C
Kmr Bgumpvimgv Bg`mgvbump
Gdvbcgdo @omdg Mgmzar Xcob`bmp
@dzjcg @dx
@dzjcg Idzkmv
Zmgmqdjom Mgmzar Pvdgfdzf
@omdg Mgmzar Vd~ Bg`mgvbump
D}vc Me`bmg`r Pvdgfdzfp
Emmf)Bg Vdzbp
Acumzgimgv Xzc`}zmimgv
Azmmg Jcgfp
d
FBPVZBJ]VBCG CE BGUMPVIMGV JRPM@VCZ .:88=)44"
QBGF
>1-
CVNMZ ZMGMQDJOMP
JBCE]MOP
44-
:-
MEEB@BMG@R % OCQ @DZJCG
VM@N#PMZUB@MP
4-
Zmgmqdjom Mgmzar 0=- jr :8:6
Mvndgco :=- c vcvdo adpcobgm`cgp}ixvbcg
Jbc)fbmpmo =- c vcvdo fbmpmo`cgp}ixvbcg
Qbgf Amgmzdvbcg)jdpmf p}jpbfbmp
Amcvnmzido Amgmzdvbcg)jdpmf p}jpbfbmp
Jbcidpp Amgmzdvbcg)jdpmf p}jpbfbmp
Zmgmqdjom E}oo fmxzm`bdvbcg c zmgmqdjomMgmzar amgmzdvbcg dppmvp dvmz = rmdzp
8/2/2019 Who is Winning the Clean Energy Race, 2012
48/56
Q
NCP
Q
BGGBGA
VNM
@OMDG
MGMZAR
ZD@M3
:844
MFBVBCG
65
@C]GVZRXZCEBOMP
Ebgdg`m dgf Bgumpvimgv .:844"
Vcvdo Bgumpvimgv &45 iboobcg
A):8 Bgumpvimgv Zdgk 42
Xmz`mgvdam c A):8 Vcvdo 8'84-
=)Rmdz Azcqvn Zdvm )06-
Bgpvdoomf @omdg Mgmzar .:844"
Vcvdo Zmgmqdjom Mgmzar @dxd`bvr :2 IQ
Xmz`mgvdam c A):8 Vcvdo 8'885-
=)Rmdz Azcqvn Zdvm 8
Kmr Zmgmqdjom Mgmzar Pm`vczp
Qbgf > IQ
Pidoo)Nrfzc 44 IQ
Kmr @omdg Mgmzar Vdzamvp .:844"
PC]VNDEZB@D
Kmr Bgumpvimgv Bg`mgvbump
@omdg mgmzar bgumpvimgv bg Pc}vn Dzb`d zmidbgpbgpbagb`dgv/ vcvdobga &:5 iboobcg bg :848/ pm`cgf)
ocqmpv bg vnm A):8' Bgumpvimgv bg :844 qdp ocqmzjm`d}pm c d pvzcga c`}p jr vnm Fmxdzvimgv cMgmzar cg zmpvz}`v}zbga zmgmqdjom mgmzar xcob`r/
vdzamvp/ dgf bg`mgvbump' Bg L}gm :844/ vnm Pc}vnDzb`dg acumzgimgv p`zdxxmf vnm zmgmqdjom mgmzar
mmf)bg vdzb im`ndgbpi bg ducz c d zmgmqdjommgmzar vmgfmz xzcazdi' Bg Fm`mijmz :844/ :>
zmgmqdjom mgmzar xzclm`vp qmzm azdgvmf xzmmzzmfjbffmz pvdv}p/ bg`o}fbga 506 IQ c qbgf mgmzar; 50:IQ c pcodz XU; dgf 4=8 IQ c pcodz vnmzido' Vnm
bgumpvimgv udo}m c vnm zmgmqdjom vmgfmz xzcazdi
bp xzclm`vmf vc jm &48 jboobcg vc &4: jboobcg jr :845'
Gdvbcgdo @omdg Mgmzar Xcob`bmp
@dzjcg @dx
@dzjcg Idzkmv
Zmgmqdjom Mgmzar Pvdgfdzf
@omdg Mgmzar Vd~ Bg`mgvbump
D}vc Me`bmg`r Pvdgfdzfp
Emmf)Bg Vdzbp
Acumzgimgv Xzc`}zmimgv
Azmmg Jcgfp
d
FBPVZBJ]VBCG CE BGUMPVIMGV JRPM@VCZ .:88=)44"
QBGF
=1-
CVNMZ ZMGMQDJOMP
JBCE]MOP
00-
48-
PCODZ
4-
Zmgmqdjom Mgmzar 41'> AQ jr :808.IQ"
Mvndgco =- c vcvdo adpcobgm`cgp}ixvbcg
Jbc)fbmpmo :- c vcvdo fbmpmo
`cgp}ixvbcg
Fmidgf Zmpxcgpm =88 IQ jr :840
Daazmadvbcg XbocvXzcazdiim .FZDXX"
Qbgf/ Pcodz/ Acumzgimgv Xzc`}zmimgv
Pidoo)Nrfzc/ Jbcidpp
8/2/2019 Who is Winning the Clean Energy Race, 2012
49/56
6
@C]GVZRXZC
EBOMP
Ebgdg`m dgf Bgumpvimgv .:844"
Vcvdo Bgumpvimgv &000 iboobcg
A):8 Bgumpvimgv Zdgk 4=
Xmz`mgvdam c A):8 Vcvdo 8'4-
=)Rmdz Azcqvn Zdvm )2-
Bgpvdoomf @omdg Mgmzar .:844"
Vcvdo Zmgmqdjom Mgmzar @dxd bvr 4'1 AQ
Xmz`mgvdam c A):8 Vcvdo 8'0-
=)Rmdz Azcqvn Zdvm 60-
Kmr Zmgmqdjom Mgmzar Pm`vczp
Jbcidpp 8'46 AQ
Pcodz 8'>: AQ
Pidoo)Nrfzc 8'81 AQ
Qbgf 8'60 AQ
Kmr @omdg Mgmzar Vdzamvp .:844"
PC]VN KCZMD
Kmr Bgumpvimgv Bg`mgvbump
@omdg mgmzar bgumpvimgv bg Pc}vn Kczmd fm`obgmf60 xmz`mgv vc &000 iboobcg bg :844' Dovnc}an
vnm `c}gvzr ndp xod`mf d xzbczbvr cg `omdg mgmzar
idg}d`v}zbga/ ocq omumop c bgumpvimgv bg `omdg
mgmzar fmxocrimgv xmzpbpv' Pc}vn Kczmd zdgkp
4=vn dicga A):8 gdvbcgp cz cumzdoo `omdg mgmzar
bgumpvimgv' Gbgmvr xmz`mgv c bvp omdg mgmzar
bgumpvimgvp dzm bg vnm pcodz pm`vcz' Iczm vndg 4=8
IQ c pcodz amgmzdvbga `dxd`bvr qdp dffmf bg :844/
icpvor }vbobvr)p`dom xzclm`vp' =8 IQ c qbgf dopc qdp
dffmf'
Qbgf :': AQ
Pcodz 4'0 AQ
Gdvbcgdo @omdg Mgmzar Xcob`bmp
@dzjcg @dx
@dzjcg Idzkmv
Zmgmqdjom Mgmzar Pvdgfdzf
@omdg Mgmzar Vd~ Bg`mgvbump
D}vc Me`bmg`r Pvdgfdzfp
Emmf)Bg Vdzbp
Acumzgimgv Xzc`}zmimgv
Azmmg Jcgfp
d
d
d
d
d
d
d
FBPVZBJ]VBCG