"Electricity for All" Programme Access to energy and its link with energy storage Global Sustainable Electricity Partnership UN ECLAC Rio de Janeiro, April 2015

2 … we need many innovative projects 1,300 million people without access to electricity….

Promoting economically viable electrification projects: taking advantage of Iberdrola’s technical, logistical, organizational and financial capacity of to promote universal access to electricity 3 “Electricity for all” Programme January 2014 “Electricity for all” Programme launched January 2014 “Electricity for all” Programme launched Strengthening and expanding Iberdrola’s activities in promoting access to electricity in emerging and developing countries Increase the number of beneficiaries

4 Programme’s action lines 2. To value the activities carried out by the business 3. Development projects with high social component 1. Project finance through capital investment

5 Project portfolio development strategy Search of projects under development where Iberdrola can take a participation through a minor stake using PERSEO 1 Investment Fund Financing projects through capital investment 1.Innovative projects: new business models 2.Economically feasible projects 3.Technologically neutral, priority on renewables 4.Focus on development: home electrification and small businesses 5.Geographic criteria: countries with Iberdrola’s presence 6.Indicator: number of beneficiaries and social return 7.Size: €- 1,5 million € 8.Reinvestment in new projects 1: Iberdrola’s Corporate Venture program

Perseo studies disruptive and innovative technologies and business models such as off-grid solar and energy storage initiatives Perseo, Iberdrola´s corporate venture capital program, was set up in the year 2008 and allocated over €70 million for investment in technologies and new business models to guarantee that the Group remains at the forefront of the energy sector, by providing access to the most advanced and sustainable technologies.

SunFunder IBERDROLA, in January 2015, through its IBERDROLA Ventures – Perseo corporate venture capital program, has invested in the company SunFunder to finance solar projects in emerging countries. This operation represents a major contribution towards reducing the number of people without access to electricity, as it is estimated that over 150,000 users could benefit from this.

R&D projects related to storage Some of the activities that provide reliable electricity and encourage sustainable development, grouped into future strategic areas at international level, are: Renewable energy, clean generation technologies, smart grids, electric vehicles, energy storage, energy markets and other disruptive technologies in sustainable energy. Some relevant examples from our Innovation Report ( ARRANCADOR Project: Development of a soft start system for hydroelectric power plant pumps. SAREBAT Project: Automated monitoring of the low-voltage grid:

Thank you for your attention! Renata Ferreira Chagas