1 Table of Contents 1 Table of Contents 2 1.1 List of Tables 5 1.2 List of Figures 6 2 Executive Summary 7 2.1 Global Carbon Emissions to Increase at a Lower rate During the Forecast Period 7 2.2 Technological Advancements and Government Support Driving Global Renewable Power Installations 7 2.3 More Than Half of Belgium’s Electricity Needs to be Met Through Renewables by 2030 7 2.4 Wind Power is expected to dominate the Renewable Power Market of Belgium in 2030 8 3 Introduction 9 3.1 Carbon Emissions, Global, 2001-2016 9 3.2 Primary Energy Consumption, Global, 2001-2030 11 3.3 Solar Photovoltaic (PV), Global, Technology Definition and Classification 13 3.4 Report Guidance 14 4 Renewable Power Market, Global, 2006-2030 15 4.1 Renewable Power Market, Global, Overview 15 4.2 Renewable Power Market, Global, Installed Capacity, 2006-2030 16 4.2.1 Renewable Power Market, Global, Cumulative Installed Capacity by Source Type, 2006-2030 16 4.2.2 Renewable Power Market, Global, Cumulative Installed Capacity Split by Source Type, 2016 and 2030 18 4.2.3 Renewable Power Market, Global, Net Capacity Additions by Source Type, 2016-2030 20 4.2.4 Renewable Power Market, Global, Comparison by Cumulative Installed Capacity of Technology, 2016-2030 22 4.3 Renewable Power Market, Global, Power Generation, 2006-2030 24 4.3.1 Renewable Power Market, Global, Power Generation by Source Type, 2006-2030 24 4.3.2 Renewable Power Market, Global, Power Generation, Source Comparison Based on Power Generation, 2016-2030 26 4.4 Renewable Power Market, Global, LCOE Comparison of Power Generating Sources, 2016 28 5 Solar Photovoltaic (PV) Market, Global, 2006-2030 31 5.1 Solar Photovoltaic (PV) Market, Global, Overview 31 5.2 Solar Photovoltaic (PV) Market, Global, Installed Capacity, 2006-2030 32 5.2.1 Solar Photovoltaic (PV) Market, Global, Installed Capacity Share by Region, 2016 and 2030 34 5.2.2 Solar Photovoltaic (PV) Market, Global, Installed Capacity Share by Country, 2016 and 2030 36 5.3 Solar Photovoltaic (PV) Market, Global, Power Generation, 2006-2030 38 5.3.1 Solar Photovoltaic (PV) Market, Global, Generation Share by Region, 2016 and 2030 40 5.3.2 Solar Photovoltaic (PV) Market, Global, Generation Share by Country, 2016 and 2030 42 5.4 Solar Photovoltaic (PV) Market, Global, Investment Trends, 2016-2020 44 6 Power Market, Belgium, 2006-2030 46 6.1 Power Market, Belgium, Overview 46 6.2 Power Market, Belgium, Installed Capacity, 2006-2030 47 6.2.1 Power Market, Belgium, Cumulative Installed Capacity by Fuel Type, 2006-2030 47 6.2.2 Power Market, Belgium, Share in Cumulative Installed Capacity Split by Source Type, 2016 and 2030 50 6.2.3 Power Market, Belgium, Net Capacity Additions by Fuel Type, 2016 and 2030 51 6.2.4 Power Market, Belgium, Comparison of Technologies Based on Installed Capacity, 2016-2030 53 6.3 Power Market, Belgium, Power Generation, 2006-2030 55 6.3.1 Power Market, Belgium, Power Generation by Fuel Type, 2006-2030 55 6.3.2 Power Market, Belgium, Comparison of Technologies Based on Power Generation, 2016-2030 58 7 Renewable Power Market, Belgium, 2006-2030 60 7.1 Renewable Power Market, Belgium, Overview 60 7.2 Renewable Power Market, Belgium, Installed Capacity, 2006-2030 61 7.2.1 Renewable Power Market, Belgium, Cumulative Installed Capacity by Source Type, 2006-2030 61 7.2.2 Renewable Power Market, Belgium, Cumulative Installed Capacity Split by Source Type, 2016 and 2030 64 7.2.3 Renewable Power Market, Belgium, Net Capacity Additions by Source Type, 2016-2030 66 7.2.4 Renewable Power Market, Belgium, Comparison of Renewable Power Sources Based on Installed Capacity, 2016-2030 68 7.3 Renewable Power Market, Belgium, Power Generation, 2006-2030 70 7.3.1 Renewable Power Market, Belgium, Power Generation by Source Type, 2006-2030 70 7.3.2 Renewable Power Market, Belgium, Comparison of Renewable Power Sources Based on Power Generation, 2016-2030 73 8 Solar Photovoltaic (PV) Market, Belgium, 2006-2030 75 8.1 Solar Photovoltaic (PV) Market, Belgium, Overview 75 8.2 Solar Photovoltaic (PV) Market, Belgium, Installed Capacity, 2006-2030 76 8.3 Solar Photovoltaic (PV) Market, Belgium, Power Generation, 2006-2030 78 8.4 Solar Photovoltaic (PV) Market, Belgium, Investment Trends, 2016-2020 80 8.5 Solar Photovoltaic (PV) Market, Belgium, Project Based Analysis, 2016 81 8.5.1 Solar Photovoltaic (PV) Market, Belgium, Major Active Plants, 2016 81 8.6 Solar Photovoltaic (PV) Market, Belgium, Deal Analysis, 2016 82 8.6.1 Solar Photovoltaic (PV) Market, Belgium, Deal Volume vs. Deal Value, 2006-2016 82 9 Power Market, Regulatory Scenario, Belgium 84 9.1 Renewable Energy Market, Overview 84 9.2 Renewable Energy Policy Framework 84 9.2.1 Energy Efficiency Policy 84 9.2.2 Electricity Law 85 9.2.3 Nuclear Policy 85 9.2.4 National Climate Plan 86 9.2.5 National Renewable Energy Action Plan (NREAP) 86 9.2.6 Green Certificates 86 9.2.7 Energy Premium Scheme 87 9.2.8 Support Scheme for Renewable Heat and the Production of Biomethane 87 9.2.9 Belgian Support Scheme 87 9.2.10 Grants supporting solar energy 87 9.2.11 Ecological investment subsidy 87 9.2.12 Offshore Domanial Concessions for Wind and Ocean Energy Production 88 9.3 Net Metering in Brussels, Flanders, and Wallonia 88 9.4 Quota System in Brussels, Flanders, and Wallonia 88 9.5 Subsidy in Brussels, Flanders, and Wallonia 88 10 Solar Photovoltaic (PV) Market, Belgium, Company Profiles 89 10.1 Company Snapshot: Warehouses De Pauw CVA 89 10.1.1 Warehouses De Pauw CVA - Company Overview 89 10.1.2 Warehouses De Pauw CVA - Head Office 89 10.2 Company Snapshot: Trina Solar Limited 90 10.2.1 Trina Solar Limited - Company Overview 90 10.2.2 Trina Solar Limited - Business Description 90 10.2.3 Trina Solar Limited - SWOT Analysis 90 10.2.4 Trina Solar Limited - Major Products and Services 93 10.2.5 Trina Solar Limited - Head Office 93 10.3 Company Snapshot: LDK Solar Co., Ltd. 94 10.3.1 LDK Solar Co., Ltd. - Company Overview 94 10.3.2 LDK Solar Co., Ltd. - Business Description 94 10.3.3 LDK Solar Co., Ltd. - SWOT Analysis 95 10.3.4 LDK Solar Co., Ltd. - Major Products and Services 98 10.3.5 LDK Solar Co., Ltd. - Head Office 98 10.4 Company Snapshot: Katoen Natie NV 99 10.4.1 Katoen Natie NV - Company Overview 99 10.4.2 Katoen Natie NV - Major Products and Services 99 10.4.3 Katoen Natie NV - Head Office 99 10.5 Company Snapshot: Hanwha SolarOne Co., Ltd. 100 10.5.1 Hanwha SolarOne Co., Ltd. - Company Overview 100 10.5.2 Hanwha SolarOne Co., Ltd. - Business Description 100 10.5.3 Hanwha SolarOne Co., Ltd. - SWOT Analysis 100 10.5.4 Hanwha SolarOne Co., Ltd. - Major Products and Services 103 10.5.5 Hanwha SolarOne Co., Ltd. - Head Office 104 10.6 Company Snapshot: Electrawinds NV 105 10.6.1 Electrawinds NV - Company Overview 105 10.6.2 Electrawinds NV - Major Products and Services 105 10.6.3 Electrawinds NV - Head Office 105 11 Appendix 106 11.1 Abbreviations 106 11.2 Bibliography 106 11.3 Market Definitions 107 11.4 Methodology 107 11.5 Coverage 107 11.5.1 Secondary Research 107 11.5.2 Primary Research 108 11.5.3 Modeling and Forecasting 108 11.6 Contact Us 108 11.7 Disclaimer 109

1.1 List of Tables Table 1: Carbon Dioxide Emissions from Energy Consumption, Global (MT), 2001-2016 11 Table 2: Primary Energy Consumption, Global (Mtoe), 2001-2030 13 Table 3: Renewable Power Market, Global, Cumulative Installed Capacity by Source Type (MW), 2006-2030 17 Table 4: Renewable Power Market, Global, Cumulative Installed Capacity Split by Source Type (%), 2016 and 2030 19 Table 5: Renewable Power Market, Global, Net Capacity Additions by Source Type (MW), 2016-2030 21 Table 6: Renewable Power Market, Global, Comparison by Cumulative Installed Capacity of Technology, 2016-2030 23 Table 7: Renewable Power Market, Global, Power Generation (GWh), 2006-2030 25 Table 8: Renewable Power Market, Global, Power Generation, Source Comparison Based on Power Generation, 2016-2030 27 Table 9: Renewable Power Market, Global, Assumptions for LCOE Calculation 28 Table 10: Renewable Power Market, Global, LCOE Comparison of Power-generating Sources ($/kWh), 2016 30 Table 11: Solar Photovoltaic (PV) Market, Global, Installed Capacity (MW), 2006-2030 33 Table 12: Solar Photovoltaic (PV) Market, Global, Cumulative Installed Capacity Share by Region (%), 2016 and 2030 35 Table 13: Solar Photovoltaic (PV) Market, Global, Cumulative Installed Capacity Share by Country (%), 2016 and 2030 37 Table 14: Solar Photovoltaic (PV) Market, Global, Power Generation (GWh), 2006-2030 39 Table 15: Solar Photovoltaic (PV) Market, Global, Generation Share by Region (%), 2016 and 2030 41 Table 16: Solar Photovoltaic (PV) Market, Global, Generation Share by Country (%), 2016 and 2030 43 Table 17: Solar Photovoltaic (PV) Market, Global, Investment Trends ($m), 2016-2020 45 Table 18: Power Market, Belgium, Cumulative Installed Capacity by Fuel Type(MW), 2006-2030 49 Table 19: Power Market, Belgium, Cumulative Installed Capacity Split by Source Type (%), 2016 and 2030 50 Table 20: Power Market, Belgium, Net Capacity Additions by Fuel Type(MW), 2016 and 2030 52 Table 21: Power Market, Belgium, Comparison of Technologies Based on Installed Capacity, 2016-2030 54 Table 22: Power Market, Belgium, Power Generation by Fuel Type (GWh), 2006-2030 57 Table 23: Power Market, Belgium, Comparison of Technologies Based on Power Generation, 2016-2030 59 Table 24: Renewable Power Market, Belgium, Cumulative Installed Capacity by Source Type (MW), 2006-2030 63 Table 25: Renewable Power Market, Belgium, Cumulative Installed Capacity Split by Source Type (%), 2016 and 2030 65 Table 26: Renewable Power Market, Belgium, Net Capacity Additions by Source Type (MW), 2016-2030 67 Table 27: Renewable Power Market, Belgium, Comparison of Renewable Power Sources Based on Installed Capacity, 2016-2030 69 Table 28: Renewable Power Market, Belgium, Power Generation by Source Type (GWh), 2006-2030 72 Table 29: Renewable Power Market, Belgium, Comparison of Renewable Power Sources Based on Power Generation, 2016-2030 74 Table 30: Solar Photovoltaic (PV) Market, Belgium, Installed Capacity (MW), 2006-2030 77 Table 31: Solar Photovoltaic (PV) Market, Belgium, Power Generation (GWh), 2006-2030 79 Table 32: Solar Photovoltaic (PV) Market, Belgium, New Investment ($m), 2016-2020 80 Table 33: Solar Photovoltaic (PV) Market, Belgium, Major Active Plants, 2016 81 Table 34: Solar Photovoltaic (PV) Market, Belgium, Deal Volume vs. Deal Value ($m), 2006-2016 83 Table 35: Power Market, Belgium, Energy Efficiency Targets 2020 85 Table 36: Trina Solar Limited, Major Products and Services 93 Table 37: LDK Solar Co., Ltd., Major Products and Services 98 Table 38: Katoen Natie NV, Major Products and Services 99 Table 39: Hanwha SolarOne Co., Ltd., Major Products and Services 103 Table 40: Electrawinds NV, Major Products and Services 105 Table 41: Abbreviations 106 1.2 List of Figures Figure 1: Carbon-di-oxide Emissions from Energy Consumption, Global (MT), 2001-2016 10 Figure 2: Primary Energy Consumption, Global (Mtoe), 2001-2030 12 Figure 3: Renewable Power Market, Global, Cumulative Installed Capacity by Source Type (MW), 2006-2030 16 Figure 4: Renewable Power Market, Global, Cumulative Installed Capacity Split by Source Type (%), 2016 and 2030 18 Figure 5: Renewable Power Market, Global, Net Capacity Additions by Source Type (MW), 2016-2030 20 Figure 6: Renewable Power Market, Global, Comparison by Cumulative Installed Capacity of Technology, 2016-2030 22 Figure 7: Renewable Power Market, Global, Power Generation (GWh), 2006-2030 24 Figure 8: Renewable Power Market, Global, Power Generation, Source Comparison Based on Power Generation, 2016-2030 26 Figure 9: Renewable Power Market, Global, LCOE Comparison of Power-generating Sources ($/kWh), 2016 29 Figure 10: Solar Photovoltaic (PV) Market, Global, Installed Capacity (MW), 2006-2030 32 Figure 11: Solar Photovoltaic (PV) Market, Global, Cumulative Installed Capacity Share by Region (%), 2016 and 2030 34 Figure 12: Solar Photovoltaic (PV) Market, Global, Cumulative Installed Capacity Share by Country (%), 2016 and 2030 36 Figure 13: Solar Photovoltaic (PV) Market, Global, Power Generation (GWh), 2006-2030 38 Figure 14: Solar Photovoltaic (PV) Market, Global, Generation Share by Region (%), 2016 and 2030 40 Figure 15: Solar Photovoltaic (PV) Market, Global, Generation Share by Country (%), 2016 and 2030 42 Figure 16: Solar Photovoltaic (PV) Market, Global, Investment Trends ($m), 2016-2020 44 Figure 17: Power Market, Belgium, Cumulative Installed Capacity by Fuel Type(MW), 2006-2030 48 Figure 18: Power Market, Belgium, Cumulative Installed Capacity Split by Source Type (%), 2016 and 2030 50 Figure 19: Power Market, Belgium, Net Capacity Additions by Fuel Type(MW), 2016 and 2030 51 Figure 20: Power Market, Belgium, Comparison of Technologies Based on Installed Capacity, 2016-2030 53 Figure 21: Power Market, Belgium, Power Generation by Fuel Type (GWh), 2006-2030 56 Figure 22: Power Market, Belgium, Comparison of Technologies Based on Power Generation, 2016-2030 58 Figure 23: Renewable Power Market, Belgium, Cumulative Installed Capacity by Source Type (MW), 2006-2030 62 Figure 24: Renewable Power Market, Belgium, Cumulative Installed Capacity Split by Source Type (%), 2016 and 2030 64 Figure 25: Renewable Power Market, Belgium, Net Capacity Additions by Source Type (MW), 2016-2030 66 Figure 26: Renewable Power Market, Belgium, Comparison of Renewable Power Sources Based on Installed Capacity, 2016-2030 68 Figure 27: Renewable Power Market, Belgium, Power Generation by Source Type (GWh), 2006-2030 71 Figure 28: Renewable Power Market, Belgium, Comparison of Renewable Power Sources Based on Power Generation, 2016-2030 73 Figure 29: Solar Photovoltaic (PV) Market, Belgium, Installed Capacity (MW), 2006-2030 76 Figure 30: Solar Photovoltaic (PV) Market, Belgium, Power Generation (GWh), 2006-2030 78 Figure 31: Solar Photovoltaic (PV) Market, Belgium, New Investment ($m), 2016-2020 80 Figure 32: Solar Photovoltaic (PV) Market, Belgium, Deal Volume vs. Deal Value ($m), 2006-2016 82

Warehouses De Pauw CVA Trina Solar Limited LDK Solar Co., Ltd. Katoen Natie NV Hanwha SolarOne Co., Ltd. Electrawinds NV