“The Stone Age didn’t end for lack of stone, and the oil age will end long before the world runs out of oil”, said Sheik Ahmed Zaki Yamani. Are we experiencing the end of the oil addiction?

1. Renewable energy
revolutionizes the
energy industry
doris.capurro@luftlatam.com
October 5-7 2017

2. Will we run
out of oil?
20th
Century 21st
Century
How much
longer do
we wish to
use it?

3. “The Stone Age didn’t
end for lack of stone,
and the oil age will
end long before the
world runs out of oil”
-
Sheik Ahmed ZakiYamani

4. Evolution of net power generation bysource
Unit of measurement in megawatts
100,000
50,000
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Oil
/ Source: EIA

5. Evolution of net power generation bysource
Unit of measurement in megawatts
100,000 mw
50,000
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Natural Gas
/ Source: EIA

6. Evolution of net power generation bysource
Unit of measurement in megawatts
100,000 mw
50,000 mw
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Solar
/ Source: EIA

7. In latest move, China halts
over 100 coalpowerprojects

8. India cancels plans for huge coalpower
station - because solar energy is getting
so cheap.

9. Source: IEA; GWEC;BNEF
2000 Projection Reality
Worlwide wind
capacity will reach
30 gigawatts by 2010
By 2016 that goal
was exceeded by
a factor of 16X
Wind energyprogress
How do projections compare withreality?

10. Data: Fresh-Energy: Bloomberg
2002 Projection Reality
The solar energy market
will grow one gigawatt
per year by 2010
The reality is
that goal was
exceeded by 17X
Solar energyprogress
How do projections compare withreality?

11. Global Wind Energy Capacity
1980 - Present Data: Earth Policy Institute / BNEF
500,000 mw
400,000 mw
300,000 mw
200,000 mw
100,000 mw
Wind Capacity
(Megawatts) 1980 1984 1998 1992 1996 2000 2004 2008 2012 2016

12. 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
200,000 mw
150,000 mw
100,000 mw
50,000 mw
World growth in solar energycapacity
Unit of measurement: megawatts (MW) Source: International Renewable
Energy Agency (IRENA)

13. 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
10,000 mw
20,000 mw
30,000 mw
40,000 mw
China
Alemania
Japón
EEUU
UK
Francia
Australia
India
España
Evolution of the photovoltaic solar energy
capacity accumulated by countries
Unit of measurement: megawatts (MW) Source: International Renewable
Energy Agency (IRENA)

14. Cost of crystalline silicon solarcells
$ Cost per watt (inflation adjusted) Data: BNEF
80
70
60
50
40
30
20
10
0
1976 1980 2008 1984 1988 2011 1992 1996 2000 2004 2008 2012 2016
1976
$79.40/watt
2016
$0.41/watt

16. Auto manufacturersare moving to electric vehicles
Tesla
Toyota
Mercedes-
Benz
BYD
Tata
Quiantu
Venturi
Goupil
GM
Audi
CODA
ChangAn
Geely
Mullen
Mahindra
Hyundai
Aston Martin
Exagon
Opel
Nissan
Honda
JAC
Renault
BAIC
Kia
BMW
Chevy
Ford
Fisker
Fiat
Mitsubishi
Volkswagen
Kandi
$mart
Bolloré
Trumpchi
Peugeot
Daimler
Subaru
Aixam
Chery
Citroën
Ditydom-
Gmbh
Kantanka
Buddy-
Electric
Kyburz
Rayttle
NIO
Zotye
Companies with electric models in production Source: BNEF, EVObsession

17. -77% +160% p.a.
Averagebattery packprice
$ per kWh
1,000
900
800
700
600
500
400
300
200
100
0 2010 2011 2012 2013 2014 2015 2016E
32
169
251
88
4
2010 2011 2012 2013 2014 2015 2016E
US, EU,andChina electric vehicle sales
Units thousands
530
501
US
EU
China
2020 forecast
2030 forecast
800
642
599
540
269
227

18. India plans to switch
all new cars toelectric
by2030

22. THE BIGCHALLENGE
ENERGY STORAGE

23. Today the challenge is
not how to connect solar
or wind energy to thegrid,
but how to interconnect
different technologies
with each other.

24. 2012 2013 2014 2015 2016E 2017E 2018E 2019E 2020E 2021E
2,000
1,800
1,600
1,400
1,200
1,000
800
600
400
200
Energy storage deployment by segment(MW)
US Energystorage market
Performance and projections
Data: GTM Research
Utility
Non-Residential
Residential

25. Policy Tech
OPORTUNITY
Biz

26. Increased
Demand
Prices Fall
Tap
into new
markets

27. 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
World investment in solar energy
Thousands of millions ofEuros
Source: IRENA
Global investment in solarenergy
has soared 906% since2005
160
140
120
100
80
60
40
20
0

28. Triple SUSTAINABILITY!
Economic, social and
environmental

29. Long average of
Annual sum <700 900 1100 1300 1500 1700 1900 2100 2300 2500 2700>
<2.0 2.5 3.0 3.5 4.0 4.5 5.0 5.5 6.0 6.5 7.0 7.5 >
kWh/m²
Daily sum

31. Enough solar energy
reaches Earth everyhour
to fill the world’s energy
needs for afull year

32. Thank you
Doris Capurro
doris.capurro@luftlatam.com