FUELMED S.r.l.

1

FUELMED S.r.l.

59.3 56.4

50.7 55.7

63.4 64.8

MTons

10,0

20,0

30,0

40,0

50,0

60,0

70,0

2008 2009 2010 2011 2012 2013

Croatia Morocco Israel Italy Portugal Spain Turkey TOTAL

2

Coal 15%

CCGT 44%

Non Renewables

10% Hydro 15%

Bioenergy 4% Geotermal 2% Wind 5%

Solar 6%

Renewables 32%

2012

Coal CCGT Others non-Renewable Hydro Bioenergy Geotermal Wind Solar

Source: GSE – Chart: Fuelmed Srl

Coal 14%

CCGT 39%

Non Renewables

7%

Hydro 19%

Bioenergy 6% Geothermal 2% Wind 5%

Solar 8%

Renewables 40%

3

FUELMED S.r.l.

(provisional)

4

FUELMED S.r.l.

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2007 2008 2009 2010 2011 2012 2013 (1)

Hydro Bioenergy Geotermal Coal CCGT Others non-Renewable Wind Solar

(1) provisional

FUELMED S.r.l.

Source: GSE – Chart: Fuelmed Srl

FUELMED S.r.l.

6

4.034 4.861

6.543

9.126

9.856

13.119

14.500

39 193 677 1.906

10.796

18.323

22.000

0

5.000

10.000

15.000

20.000

25.000

2007 2008 2009 2010 2011 2012 2013

Wind (GWh) Solar (GWh)

Source: GSE – Chart: Fuelmed Srl

(provisional)

FUELMED S.r.l.

* Brindisi-Nord not in service since Dec 2012

29%

19% 18%

12%

22%

USA Indonesia Colombia RSA Russia

0

2

4

6

8

10

12

14

Enel Tirreno Power

A2A E.On Edipower *

(x1,000)

Source – Chart: Fuelmed Srl

7

Coal 20%

CCGT 14%

Nuclear 22%

Non Renewables

12% Hydro 9% Bioenergy 2%

Wind 17%

Solar 4%

Renewables 32%

Coal CCGT Nuclear Others non-Renewable Hydro Bioenergy Wind Solar

Source: REE – Chart: Fuelmed Srl

Coal 15%

CCGT 8%

Nuclear 21%

2% Non

Renewables

Hydro 15%

Bioenergy 2%

Wind 21%

Solar 5%

Renewables 43%

8

FUELMED S.r.l.

(provisional)

9

FUELMED S.r.l.

0%

20%

40%

60%

80%

100%

120%

2014 2013

Conventional Themal Generation Renewable Generation Nuclear

provisional

FUELMED S.r.l.

Source: REE – Chart: Fuelmed Srl

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2007 2008 2009 2010 2011 2012 2013 (1)

Nuclear Hydro Coal CCGT Others non-Renewable Others Renewables Wind Solar

Wind >85% 6 years

(1) provisional

FUELMED S.r.l.

Source: REE – Chart: Fuelmed Srl

FUELMED S.r.l.

2%

34%

33%

15% 14%

1% 1%

USA Indonesia Colombia RSA Russia Norway Ukraine

0

1

2

3

4

5

6

7

8

9

Endesa EDP-HCE E.On Iberdrola GN-UF

(x1,000)

12

Coal 23%

CCGT 3%

Non Renewable

12% Hydro 31%

Bioenergy 5%

Wind 25%

Solar 1%

Renewables 62%

Coal 29%

CCGT 13%

Non Renewables

13% Hydro 15%

Bioenergy 6%

Wind 24%

Solar 1%

Renewables 46%

Coal CCGT Others non-Renewable Hydro Bioenergy Wind Solar

Source: REN – Chart: Fuelmed Srl

FUELMED S.r.l.

(provisional)

13

FUELMED S.r.l.

14

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2007 2008 2009 2010 2011 2012 2013 (1)

Hydro Coal CCGT Others non-Renewable Others Renewables Wind Solar

(1) provisional

FUELMED S.r.l.

Source: REN – Chart: Fuelmed Srl

Wind >193% 6 years

82%

7% 11%

Colombia USA RSA

0

1

2

3

4

EDP PEGO

FUELMED S.r.l.

Source – Chart: Fuelmed Srl

(x1,000)

16

FUELMED S.r.l.

17

45% Coal

18% CCGT

25% Non

Renewables 9% Hydro

3% Wind 1% Solar

12% Renewable

Coal CCGT Others non-Renewable Hydro Wind Solar

Source: Ministry of Energy – Chart: Fuelmed Srl

43% Coal

17% CCGT

20% Non

Renewables

13% Hydro

5% Wind

1% Solar

19% Renewables

FUELMED S.r.l.

(provisional)

18

FUELMED S.r.l.

19

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2007 2008 2009 2010 2011 2012 2013 (1)

Hydro Coal CCGT Others non-Renewable Wind Solar

(1) provisional

FUELMED S.r.l.

Source: Ministry of Energy – Chart: Fuelmed Srl

FUELMED S.r.l.

64% 8%

6%

11%

11%

USA Poland Ukraine RSA Russia

(x1,000)

0

1

2

3

4

JLEC ONEE

21

65% Coal

14% CCGT

21% Fuel oil

Coal CCGT Fuel oil

Source: Ministry of Energy – Chart: Fuelmed Srl

56% Coal

40% CCGT

4% Fuel oil

FUELMED S.r.l.

(provisional)

22

Source: IEC

FUELMED S.r.l.

23

FUELMED S.r.l.

24

28% Coal

44% CCGT

Non Renewables

1%

24% Hydro

3% Other Renewables

27% Renewables

Coal CCGT Others non-Renewable Hydro Other Renewables

Source: TEIAS – Chart: Fuelmed Srl

25% Coal

44% CCGT

Non Renewables

2%

25% Hydro

4% Other Renewables

29% Renewables

FUELMED S.r.l.

(provisional)

25

FUELMED S.r.l.

26

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2007 2008 2009 2010 2011 2012 2013 (1)

Hydro Coal CCGT Other non-Renewables Other Renewables

(1) provisional

FUELMED S.r.l.

Source: TEIAS – Chart: Fuelmed Srl

FUELMED S.r.l.

29

FUELMED S.r.l.

Operating /Under construction plants Capacity (MW)

FUELMED S.r.l.

FUELMED S.r.l.

31

32

FUELMED S.r.l.