POST SHOW REPORT 2016

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1 POST SHOW REPORT 2016 INTERSOLAR INDIA 2016 COMES TO A SUCCESSFUL CLOSE October 21, 2016 saw the end of the eighth Intersolar India, the largest exhibition and conference for the solar industry in India. The positive atmosphere of the exhibition reflected the strong state of India's solar market. Companies and investors took full advantage of opportunities to exchange ideas and information; numerous contracts were signed and cooperation agreements reached. With 235 exhibitors, the event was completely booked out several weeks before the opening date. Companies from 12 countries presented their products, solutions and services to more than 12,000 international visitors an increase of 12% over the previous year. Furthermore the conference, which took place at the same time was again a success. More than 800 attendees discussed the opportunities and challenges posed by India's solar industry with 122 speakers. The following numbers are based on representative surveys of Intersolar India s exhibitors, visitors, and conference attendees. The interviews were conducted anonymously. The answers to questions asked during registration (on-site and online) were analyzed to provide additional statistical information. Local Organizer International Contacts EXHIBITORS 235 VISITORS 12,000+ COUNTRIES 52 JOURNALISTS 141 DELEGATES 800+ SPEAKERS 122

2 Intersolar India TESTIMONIALS HIGHLIGHTS INTERSOLAR INDIA 2016 INTERSOLAR EXHIBITORS SAY INTERSOLAR VISITORS & DELEGATES SAY This is the third time we are exhibiting at Intersolar India. We have received a great response from the visitors and our clients. Intersolar will prove to be a prime exhibition for the solar industry which will contribute to India becoming the market driver for the renewable sector. We wish to participate in the next edition of Intersolar India. Dieter Schöll, Sales Director, Galaxy Energy Infiswift is a Internet Of Things Company that operates in multiple verticals such as agriculture, resource management and photovoltaic monitoring and management. Infiswift uses IOT technology to enable communication between the biases such as inverters, smart combiner boxes and censors and communicate that information to the server. This is our first year at Intersolar and we underestimated the response that we could receive through our participation. We have received valuable leads for our business from this trade fair. We will definitely be a part of the next edition of Intersolar India. Beau Blumberg, Solutions Director, Infiswift PV We are located in the north part of Italy and are in this business from past 30 years. We are the pioneers in produced equipment that are fully designed and tested in Italy. Intersolar helps us to get closer to our customers and consequently helps in developing more business. Domenico Sartore, CEO, ECOPROGETTI We have been exhibiting at Intersolar India since last four years. This year Intersolar India has achieved greater heights with an increase in the number of visitors, exhibitors, government officials and market leaders. We recommend Intersolar India to all our industry colleagues. We will definitely be participating at Intersolar India for many more editions to come. Deepak Jain, Vice President, Goldi Green We are looking at business partnerships with manufacturers of various components which are required in the complete solar system. The quality of participation at Intersolar India is good for sure. We look forward to having good contacts developed in the Buyer Seller meet. Aditya Gogate, Executive Director, Gogate Electrosystems (N) Pvt. Ltd. We are a Mumbai based Solar EPC company. I started my journey into the solar industry with Intersolar. Over the last 2 years, the way Intersolar has connected me to the industry no other platform has done it. The exhibition helps in connecting with prospective buyers, sellers and panel industry professionals. Intersolar India has grown year on year. This is my first time experience at the Buyer Seller Forum. This had helped me connect with manufacturers, vendors and suppliers. Major Priyanka Gupta, Head, Planning & Operations, VISOL Renewable Energy Solutions We are into financing of acquisition of solar power projects. We are participating at Intersolar India for the fifth time. The event is a good platform to interact with stakeholders from the solar community. We have initiated good meetings which will be beneficial for our company and the industry. I thank the Intersolar Team for this initiative. Rathin Vyas, CEO, Enerco, Energy Solutions LLP Intersolar India is one of the leading trade fairs for the solar industry. This is our 4 th year of participation at Intersolar India. Every year Intersolar India brings something innovative and this year it was the Buyer Seller Forum which was a very good initiative. It helped the buyers and sellers to interact directly and negotiate business. Intersolar India is a well planned and organized trade fair and we are expecting more such innovative forums in the next edition. Suhas Shah, Director, Wily Enterprise My experience at Intersolar India 2016 was very good. We had a good exposure while meeting new prospective clients. The buyer-seller forum was a great initiative. I would definitely recommend all the solar industry professionals to visit Intersolar India. We would love to visit Intersolar India next year too. Parag Vakeria, Director, Natura Eco Energy Private Limited Intersolar India is a very important platform for us as we get to meet the policy makers and industry stakeholders directly. It helps us to grow our business by giving us the proper exposure required to meet our existing clients and new potential customers. We would like to be a part of the next edition of Intersolar India. Yeshwant Rao, Co- Founder & Director, Oriano I have been participating at Intersolar India from many years. It is nice to see that the exhibition has grown over the years with an increase in exhibitors and visitor footfall. The sessions covered at the conference were in sync with current market trends. Overall, Intersolar India 2016 has been organized well and I wish them the best of luck. Dr. Jochen Rentsch, Head of Department, Fraunhofer ISE

3 IMPRESSIONS INTERSOLAR INDIA 2016 Current Economic Situation 98% of the exhibitors were at least satisfied with the current economic situation in the Indian solar industry. Target Audience 96% of the exhibitors were satisfied with the development of business leads and with the prospects of reaching their target audiences. Event Atmosphere 94% of all exhibitors were very satisfied and satisfied with the exhibition atmosphere. Purchase Activity 94% of the visitors reported, that their visit to Intersolar India would influence their future purchase activities. Visitor Numbers 12% more solar professionals visited Intersolar India compared to Visitor Participation 98% of all visitors would like to participate again in Recommendation 97% of the visitors will recommend Intersolar India to colleagues and business partners. Reason for Attending 43% of the conference attendees gave to educate themselves as one of the main reasons to visit Intersolar India. Future Participation 94% of the conference attendees would consider attending the conference again. Level of Management 83% of the conference attendees have a decision making position.

4 Intersolar India EXHIBITOR FEEDBACK VISITOR FEEDBACK EXHIBITOR FEEDBACK The exhibition attracted a variety of exhibitors on the entire solar supply chain from advances in cell technology to balance of system components to energy storage. 79% showcased products, solutions and services in the area of photovoltaics. Domestic and international entrepreneurs were represented at the event, with 72% of the exhibitors coming from India, 19% from other parts of Asia, 7% were from Europe and 2% from Amercia. The main proportion of Indian exhibitors came from the state of Maharashtra (49%). An overwhelming majority of exhibitors were satisfied with their participation: 96% were satisfied reaching their target audiences on-site. International Proportion (in %) Indian Exhibitors by State (in %) Others India Rest of Asia Uttar Pradesh Tamil Nadu Karnataka Gujarat Maharashtra America Europe Delhi OVERALL ASSESSMENT FUTURE PARTICIPATION RECOMMENDATION REACHING THEIR AUDIENCE 91% were satisfied with their overall experience at Intersolar India. 98% expressed interest in exhibiting again in % indicated that they would recommend Intersolar India to colleagues and partners. 96% of the exhibitors reached their targeted audience.

5 VISITOR FEEDBACK In 2016, 12,000+ visitors from around the world, 12% more than last year, flocked to the exhibition, underlining the enthusiastic response to the event. 94% of the visitors were solar professionals from different states in India highlighting the event s domestic market value. This visitor increase versus the previous year is reflected in the overwhelmingly positive feedback. Further supporting Intersolar India s reputation as an ideal event for staying in touch with the trends and developments in the Indian solar market, the analysis confirms that solar experts from 52 countries considered the exhibition an important part of their information platform. For example at the Presentation Stage with lots of interesting exhibitor presentations, at the different Pavilions (Country Pavilions from: Canada, China, Germany, Korea, USA as well as State Pavilions from India) or the special exhibitions (ees India and HUSUM Wind India). Visitor Areas of Interest (in %) 1 PV Cells & Modules 50% PV Inverters 39% PV Power Plants 34% PV Balance of Systems (BOS) 34% Smart Grid Technologies, Grid Management 33% PV Measurement & Control Technology 33% ees Batteries, Fuel Cells 33% PV Components, Tracking & Mounting Systems 33% Electricity Trading & Marketing 33% Smart Home/Smart Buildings 33% 1 Multiple answers were possible. PV = Photovoltaics, ees = electrical energy storage Visitors by Management Responsibilities (in %) Non-Management Consultant, 5 Other Management Professional, 13 Self-employed 25 Executive Management 17 Other 19 OVERALL SATISFACTION 99% 99% were satisfied with their overall experience at Intersolar India. RECOMMENDATION 97% indicated that they would recommend Intersolar India to colleagues and partners. 21 Senior Management PURCHASE ACTIVITIES 94% reported that their visit to Intersolar India would influence future purchase activities. FUTURE PARTICIPATION 98% stated that they definitely or likely will attend Intersolar India 2017.

6 Intersolar India CONFERENCE FEEDBACK INTERSOLAR INDIA CONFERENCE THE BEST PLACE TO NETWORK IN INDIA The 2016 Intersolar India Conference was once again a melting pot for solar experts to share their profound insights, first-hand experience and professional analysis regarding the ever challenging business environment shaping today s India s domestic market. According to 100% of the delegates the event was the ideal place meeting the right people who quoted education as their main reason for participating. Of the 800+ international attendees almost 83% represented the top management level of the industry, i.e. executive and senior levels. According to our 2016 survey, the event is considered the top knowledge sharing platform covering photovoltaics, production technology, electric energy storage and solar thermal technology. In this context, 94% of the attendees are considering to join the conference again in future and no less than 95% of the participants would recommend the conference to others. This overwhelming recognition confirms that the conference did deliver on its promise to be the number one place in India for Connecting Solar Business today and in future! Main reason for Participation (in %) Others 9 Networking Education Level of Management (in %) Non-Management Consultant Other Management Senior Management 18 Content/Speaker Executive Management OVERALL SATISFACTION CONFERENCE CONTENT ORIGIN OF ATTENDEES DELEGATE LOYALTY 85% of the delegates were satisfied with their overall experience. 89% of delegates were either "very satisfied" or "satisfied" with the conference format. 87% of the conference attendees came from different parts of India. 74% of the attendees joined Intersolar India Conference for the first time.

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