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 Top 10 Countries Account for Over 84% of Wind Power Capacity 8 2.4 Renewable Power is the Dominant Source in Portugal’s Capacity Mix 9 2.5 Renewable Power Capacity to Grow at a slow Rate in Portugal 10 3 Introduction 11 3.1 Carbon Emissions, Global, 2001-2016 11 3.2 Primary Energy Consumption, Global, 2001-2030 13 3.3 Wind Power, Global, Technology Definition and Classification 16 3.4 Wind Power Market, Technology Overview 16 3.5 Wind Power Market, Turbine Components 16 3.6 Report Guidance 18 4 Renewable Power Market, Global, 2006-2030 19 4.1 Renewable Power Market, Global, Overview 19 4.2 Renewable Power Market, Global, Installed Capacity, 2006-2030 20 4.2.1 Renewable Power Market, Global, Cumulative Installed Capacity by Source Type, 2006-2030 20 4.2.2 Renewable Power Market, Global, Cumulative Installed Capacity Split by Source Type, 2016 and 2030 22 4.2.3 Renewable Power Market, Global, Net Capacity Additions by Source Type, 2016-2030 24 4.2.4 Renewable Power Market, Global, Comparison by Cumulative Installed Capacity of Technology, 2016-2030 26 4.3 Renewable Power Market, Global, Power Generation, 2006-2030 28 4.3.1 Renewable Power Market, Global, Power Generation by Source Type, 2006-2030 28 4.3.2 Renewable Power Market, Global, Power Generation, Source Comparison Based on Power Generation, 2016-2030 30 4.4 Renewable Power Market, Global, LCOE Comparison of Power Generating Sources, 2016 32 5 Wind Power Market, Global, 2006-2030 35 5.1 Wind Power Market, Global, Overview 35 5.2 Wind Power Market, Global, Installed Capacity, 2006-2030 36 5.2.1 Wind Power Market, Global, Installed Capacity Share by Region, 2016 and 2030 38 5.2.2 Wind Power Market, Global, Installed Capacity Share by Country, 2016 and 2030 40 5.2.3 Wind Power Market, Global, Installed Capacity Share by Segment, 2016 and 2030 42 5.3 Wind Power Market, Global, Power Generation, 2006-2030 43 5.3.1 Wind Power Market, Global, Generation Share by Region, 2016 and 2030 45 5.3.2 Wind Power Market, Global, Generation Share by Country, 2016 and 2030 47 5.3.3 Wind Power Market, Global, Generation Share by Segment, 2016 and 2030 49 5.4 Wind Power Market, Global, Investment Trends, 2016-2020 50 6 Power Market, Portugal, 2006-2030 52 6.1 Power Market, Portugal, Overview 52 6.2 Power Market, Portugal, Installed Capacity, 2006-2030 53 6.2.1 Power Market, Portugal, Cumulative Installed Capacity by Fuel Type, 2006-2030 53 6.2.2 Power Market, Portugal, Share in Cumulative Installed Capacity Split by Source Type, 2016 and 2030 56 6.2.3 Power Market, Portugal, Net Capacity Additions by Fuel Type, 2016 and 2030 57 6.2.4 Power Market, Portugal, Comparison of Technologies Based on Installed Capacity, 2016-2030 59 6.3 Power Market, Portugal, Power Generation, 2006-2030 61 6.3.1 Power Market, Portugal, Power Generation by Fuel Type, 2006-2030 61 6.3.2 Power Market, Portugal, Comparison of Technologies Based on Power Generation, 2016-2030 64 7 Renewable Power Market, Portugal, 2006-2030 66 7.1 Renewable Power Market, Portugal, Overview 66 7.2 Renewable Power Market, Portugal, Installed Capacity, 2006-2030 67 7.2.1 Renewable Power Market, Portugal, Cumulative Installed Capacity by Source Type, 2006-2030 67 7.2.2 Renewable Power Market, Portugal, Cumulative Installed Capacity Split by Source Type, 2016 and 2030 70 7.2.3 Renewable Power Market, Portugal, Net Capacity Additions by Source Type, 2016-2030 72 7.2.4 Renewable Power Market, Portugal, Comparison of Renewable Power Sources Based on Installed Capacity, 2016-2030 74 7.3 Renewable Power Market, Portugal, Power Generation, 2006-2030 76 7.3.1 Renewable Power Market, Portugal, Power Generation by Source Type, 2006-2030 76 7.3.2 Renewable Power Market, Portugal, Comparison of Renewable Power Sources Based on Power Generation, 2016-2030 79 8 Wind Power Market, Portugal, 2006-2030 81 8.1 Wind Power Market, Portugal, Overview 81 8.2 Wind Power Market, Portugal, Installed Capacity, 2006-2030 82 8.2.1 Wind Power Market, Portugal, Cumulative Installed Capacity Split by Onshore and Offshore Wind, 2006-2030 84 8.3 Wind Power Market, Portugal, Power Generation, 2006-2030 86 8.4 Wind Power Market, Portugal, Investment Trends, 2016-2020 88 8.5 Wind Power Market, Portugal, Project Based Analysis, 2016 89 8.5.1 Wind Power Market, Portugal, Major Active Plants, 2016 89 8.5.2 Wind Power Market, Portugal, Upcoming Projects, 2016 90 8.6 Wind Power Market, Portugal, Deal Analysis, 2016 91 8.6.1 Wind Power Market, Portugal, Deal Volume vs. Deal Value, 2006-2016 91 8.6.2 Wind Power Market, Portugal, Split by Deal Type, 2016 93 9 Power Market, Regulatory Scenario, Portugal 94 9.1 Renewable Energy Market, Overview 94 9.2 Power Sector Reforms 94 9.3 Renewable Energy Guidelines 94 9.4 Green Growth Commitment 2030 94 9.5 Feed-in Tariffs 95 9.6 Energy Efficiency 96 9.7 CHP Directive of Portugal 97 9.8 Carbon Capture and Storage Projects 97 10 Wind Power Market, Portugal, Company Profiles 98 10.1 Company Snapshot: Infigen Energy Limited 98 10.1.1 Infigen Energy Limited - Company Overview 98 10.1.2 Infigen Energy Limited - Business Description 98 10.1.3 Infigen Energy Limited - SWOT Analysis 98 10.1.4 Infigen Energy Limited - Major Products and Services 100 10.1.5 Infigen Energy Limited - Head Office 101 10.2 Company Snapshot: GRUPO GENERG 102 10.2.1 GRUPO GENERG - Company Overview 102 10.2.2 GRUPO GENERG - Major Products and Services 102 10.2.3 GRUPO GENERG - Head Office 102 10.3 Company Snapshot: Engie 103 10.3.1 Engie - Company Overview 103 10.3.2 Engie - Business Description 103 10.3.3 Engie - SWOT Analysis 103 10.3.4 Engie - Major Products and Services 106 10.3.5 Engie - Head Office 106 10.4 Company Snapshot: Edp Distribuicao - Energia S.A. 107 10.4.1 Edp Distribuicao - Energia S.A. - Company Overview 107 10.4.2 Edp Distribuicao - Energia S.A. - Major Products and Services 107 10.4.3 Edp Distribuicao - Energia S.A. - Head Office 108 10.5 Company Snapshot: E.ON SE 109 10.5.1 E.ON SE - Company Overview 109 10.5.2 E.ON SE - Business Description 109 10.5.3 E.ON SE - SWOT Analysis 109 10.5.4 E.ON SE - Major Products and Services 112 10.5.5 E.ON SE - Head Office 113 10.6 Company Snapshot: Actividades de Construccion y Servicios S.A. 114 10.6.1 Actividades de Construccion y Servicios S.A. - Company Overview 114 10.6.2 Actividades de Construccion y Servicios S.A. - Business Description 114 10.6.3 Actividades de Construccion y Servicios S.A. - SWOT Analysis 114 10.6.4 Actividades de Construccion y Servicios S.A. - Major Products and Services 118 10.6.5 Actividades de Construccion y Servicios S.A. - Head Office 118 11 Appendix 119 11.1 Abbreviations 119 11.2 Bibliography 119 11.3 Market Definitions 120 11.4 Methodology 120 11.5 Coverage 120 11.5.1 Secondary Research 121 11.5.2 Primary Research 121 11.5.3 Modeling and Forecasting 121 11.6 Contact Us 121 11.7 Disclaimer 122

1.1 List of Tables Table 1: Carbon Dioxide Emissions from Energy Consumption, Global (MT), 2001-2016 13 Table 2: Primary Energy Consumption, Global (Mtoe), 2001-2030 15 Table 3: Renewable Power Market, Global, Cumulative Installed Capacity by Source Type (MW), 2006-2030 21 Table 4: Renewable Power Market, Global, Cumulative Installed Capacity Split by Source Type (%), 2016 and 2030 23 Table 5: Renewable Power Market, Global, Net Capacity Additions by Source Type (MW), 2016-2030 25 Table 6: Renewable Power Market, Global, Comparison by Cumulative Installed Capacity of Technology, 2016-2030 27 Table 7: Renewable Power Market, Global, Power Generation (GWh), 2006-2030 29 Table 8: Renewable Power Market, Global, Power Generation, Source Comparison Based on Power Generation, 2016-2030 31 Table 9: Renewable Power Market, Global, Assumptions for LCOE Calculation 32 Table 10: Renewable Power Market, Global, LCOE Comparison of Power-generating Sources ($/kWh), 2016 34 Table 11: Wind Power Market, Global, Installed Capacity (MW), 2006-2030 37 Table 12: Wind Power Market, Global, Cumulative Installed Capacity Share by Region (%), 2016 and 2030 39 Table 13: Wind Power Market, Global, Cumulative Installed Capacity Share by Country (%), 2016 and 2030 41 Table 14: Wind Power Market, Global, Cumulative Installed Capacity Share by Segment (%), 2016 and 2030 42 Table 15: Wind Power Market, Global, Power Generation (GWh), 2006-2030 44 Table 16: Wind Power Market, Global, Generation Share by Region (%), 2016 and 2030 46 Table 17: Wind Power Market, Global, Generation Share by Country (%), 2016 and 2030 48 Table 18: Wind Power Market, Global, Generation Share by Segment (%), 2016 and 2030 49 Table 19: Wind Power Market, Global, New Investment ($m), 2016-2020 51 Table 20: Power Market, Portugal, Cumulative Installed Capacity by Fuel Type(MW), 2006-2030 55 Table 21: Power Market, Portugal, Cumulative Installed Capacity Split by Source Type (%), 2016 and 2030 56 Table 22: Power Market, Portugal, Net Capacity Additions by Fuel Type(MW), 2016 and 2030 58 Table 23: Power Market, Portugal, Comparison of Technologies Based on Installed Capacity, 2016-2030 60 Table 24: Power Market, Portugal, Power Generation by Fuel Type (GWh), 2006-2030 63 Table 25: Power Market, Portugal, Comparison of Technologies Based on Power Generation, 2016-2030 65 Table 26: Renewable Power Market, Portugal, Cumulative Installed Capacity by Source Type (MW), 2006-2030 69 Table 27: Renewable Power Market, Portugal, Cumulative Installed Capacity Split by Source Type (%), 2016 and 2030 71 Table 28: Renewable Power Market, Portugal, Net Capacity Additions by Source Type (MW), 2016-2030 73 Table 29: Renewable Power Market, Portugal, Comparison of Renewable Power Sources Based on Installed Capacity, 2016-2030 75 Table 30: Renewable Power Market, Portugal, Power Generation by Source Type (GWh), 2006-2030 78 Table 31: Renewable Power Market, Portugal, Comparison of Renewable Power Sources Based on Power Generation, 2016-2030 80 Table 32: Wind Power Market, Portugal, Installed Capacity (MW), 2006 -2030 83 Table 33: Wind Power Market, Portugal, Cumulative Installed Capacity by Technology (MW), 2006-2030 85 Table 34: Wind Power Market, Portugal, Power Generation (GWh), 2006-2030 87 Table 35: Wind Power Market, Portugal, New Investment ($m), 2016-2020 88 Table 36: Wind Power Market, Portugal, Major Active Plants, 2016 89 Table 37: Wind Power Market, Portugal, Upcoming Projects, 2016 90 Table 38: Wind Power Market, Portugal, Deal Volume vs. Deal Value ($m), 2006-2016 92 Table 39: Wind Power Market, Portugal, Deals by Type, 2016 93 Table 40: Renewable Energy Feed-in-Tariffs, Portugal, 2017 96 Table 41: Infigen Energy Limited, Major Products and Services 100 Table 42: GRUPO GENERG, Major Products and Services 102 Table 43: Engie, Major Products and Services 106 Table 44: Edp Distribuicao - Energia S.A., Major Products and Services 107 Table 45: E.ON SE, Major Products and Services 112 Table 46: Actividades de Construccion y Servicios S.A., Major Products and Services 118 Table 47: Abbreviations 119 1.2 List of Figures Figure 1: Wind Power Market, Global, Cumulative Installed Capacity Share by Country (%), 2016 8 Figure 2: Power Market, Portugal, Cumulative Installed Capacity by Type of Power Plant (%), 2016 9 Figure 3: Carbon-di-oxide Emissions from Energy Consumption, Global (MT), 2001-2016 12 Figure 4: Primary Energy Consumption, Global (Mtoe), 2001-2030 14 Figure 5: Renewable Power Market, Global, Cumulative Installed Capacity by Source Type (MW), 2006-2030 20 Figure 6: Renewable Power Market, Global, Cumulative Installed Capacity Split by Source Type (%), 2016 and 2030 22 Figure 7: Renewable Power Market, Global, Net Capacity Additions by Source Type (MW), 2016-2030 24 Figure 8: Renewable Power Market, Global, Comparison by Cumulative Installed Capacity of Technology, 2016-2030 26 Figure 9: Renewable Power Market, Global, Power Generation (GWh), 2006-2030 28 Figure 10: Renewable Power Market, Global, Power Generation, Source Comparison Based on Power Generation, 2016-2030 30 Figure 11: Renewable Power Market, Global, LCOE Comparison of Power-generating Sources ($/kWh), 2016 33 Figure 12: Wind Power Market, Global, Installed Capacity (MW), 2006-2030 36 Figure 13: Wind Power Market, Global, Cumulative Installed Capacity Share by Region (%), 2016 and 2030 38 Figure 14: Wind Power Market, Global, Cumulative Installed Capacity Share by Country (%), 2016 and 2030 40 Figure 15: Wind Power Market, Global, Cumulative Installed Capacity Share by Segment (%), 2016 and 2030 42 Figure 16: Wind Power Market, Global, Power Generation (GWh), 2006-2030 43 Figure 17: Wind Power Market, Global, Generation Share by Region (%), 2016 and 2030 45 Figure 18: Wind Power Market, Global, Generation Share by Country (%), 2016 and 2030 47 Figure 19: Wind Power Market, Global, Generation Share by Segment (%), 2016 and 2030 49 Figure 20: Wind Power Market, Global, New Investment ($m), 2016-2020 50 Figure 21: Power Market, Portugal, Cumulative Installed Capacity by Fuel Type(MW), 2006-2030 54 Figure 22: Power Market, Portugal, Cumulative Installed Capacity Split by Source Type (%), 2016 and 2030 56 Figure 23: Power Market, Portugal, Net Capacity Additions by Fuel Type(MW), 2016 and 2030 57 Figure 24: Power Market, Portugal, Comparison of Technologies Based on Installed Capacity, 2016-2030 59 Figure 25: Power Market, Portugal, Power Generation by Fuel Type (GWh), 2006-2030 62 Figure 26: Power Market, Portugal, Comparison of Technologies Based on Power Generation, 2016-2030 64 Figure 27: Renewable Power Market, Portugal, Cumulative Installed Capacity by Source Type (MW), 2006-2030 68 Figure 28: Renewable Power Market, Portugal, Cumulative Installed Capacity Split by Source Type (%), 2016 and 2030 70 Figure 29: Renewable Power Market, Portugal, Net Capacity Additions by Source Type (MW), 2016-2030 72 Figure 30: Renewable Power Market, Portugal, Comparison of Renewable Power Sources Based on Installed Capacity, 2016-2030 74 Figure 31: Renewable Power Market, Portugal, Power Generation by Source Type (GWh), 2006-2030 77 Figure 32: Renewable Power Market, Portugal, Comparison of Renewable Power Sources Based on Power Generation, 2016-2030 79 Figure 33: Wind Power Market, Portugal, Installed Capacity (MW), 2006-2030 82 Figure 34: Wind Power Market, Portugal, Cumulative Installed Capacity by Technology (MW), 2006-2030 84 Figure 35: Wind Power Market, Portugal, Power Generation (GWh), 2006-2030 86 Figure 36: Wind Power Market, Portugal, New Investment ($m), 2016-2020 88 Figure 37: Wind Power Market, Portugal, Upcoming Projects, 2016 90 Figure 38: Wind Power Market, Portugal, Deal Volume vs. Deal Value ($m), 2006-2016 91 Figure 39: Wind Power Market, Portugal, Split by Deal Type (%), 2016 93

Infigen Energy Limited GRUPO GENERG Engie Edp Distribuicao - Energia S.A. E.ON SE Actividades de Construccion y Servicios S.A.