Amendment #4 Page 199 of 868 lehli re cotton class and the need to develop energy god infrastructure will continue to awe demand in ow initial target markets for the foreseeable Uwe We believe that solar and wind energy systems are parlour/sly attract/re in addressing the undersupdy d electrical generation capacity in emerging markets We to their relative ease and speed of installation, scalabdity and with respect to solar energy systems, their Beatty to be tweed rear the customer, thereby reclining the customer's Ilan smssion and disinbuten costs In alltion, we beleve that hydroelecine energy represents a significant aciassnen opportunity br to because it is a proven renewable technology with sgvficant installed capacity of mere than 412 GW n our noel target markets The global renewabes market is projected to require more than 42.1 tram of investment n capacity expansions over the period from 2015 through 2020, of which approximately 35%d sty, capaoly excenson is expected to ocos in our initial target markets Of this bail expected investment, mete than $723 billion arid $664 Nihon is expected to oe in global solar and wind generation capacity expansions. respectively. Our real target markets are expected to account for 49% and 41% of global wind and solar capacity expansions. respectively In acidbon, more than 4253 baton is expected to be invested globally n trydroetectnc generation assets though 2018 of whch our ntial target markets are expected to account fa 27%d such capacity expansion The instated base of renewable energy generation capacity in our ober target markets rs greater than 622 OW. including more than 39 GW of solar capacity. 138 OW of wrid capacity and 412 Gov of hydroeledric capacity Driven by the increasing oat corded rifeness of wind and solar energy. acceleralng mdustnalizaton, an expandng middle class and attractive regulatory polices that incentive* renewable energy nwestirents, we expect subStantel growth in nsta led renewable e