The Risk Study & Controlling Of Investment Project About Beijing Guanting Wind Farm

Wind energy is a clean and renewable source of electric power. The signification of establishing a wind farm in Beijing is not limited to a commercial project, but also indicates the Beijing Government's position in utilizing new clean energy actively, meanwhile, which is to perform Beijing's promise of holding a "Green Olympic" as well. However, due to the expensive one-off investment comparing with hydroelectric power and fossil-fired power stations, and the special geographic location of Beijing, kinds of risks will be objectively exiting.First, the risk of wind source and the climatic conditions are the most direct factor which influences the benefit of investment on a wind farm. By analyzing the data of wind speed measuring in Beijing and meteorologist data, the author represented the status of wind source in Beijing. But the risk of wind source is difficult to exactly forecast.The second factor is the technology risk. The technologies of wind power are growing. Different wind generators produced by different manufacturers have much distinctions, meanwhile the technology increasingly updates and washes out. These make the operation cost augment. The emphasis of the wind turbines generating technology is very important.The third factor is the tariff and police risk. There are opportunities in investing wind power generation which are brought by "chartered right" police, renewable energy law, and clean energy development mechanism. But, the development of the wind power investment is confined by the policy of tax and financing now. The national demand condition of electric power and especially the demand in Beijing influence the development of Beijing wind power investment directly. The price of the wind electricity affects the interest of investors.The fourth factor is the grid-deliver risk. The restriction of the power investor, especially wind power, is grid-deliver project. How to ensure grid-deliver project should be discussed.The last factor is the operation risk. The management and operation conditions play the key role during the investment. And the ability to design plans and carry out influences the process and profit of the investments.Based on the analysis of the risk, the paper forward the managing methods:To the risk of wind source and the climatic conditions, the project adopting the best wind measurement company, the advanced and more wind measurement equipments, refer the similar climatic data, professor discussion to decrease the risk.To the technology risk, the project adopting the investigation, the bidding of the equipment, new technologies, contract management to decrease the risk.To the tariff and police risk, the project adopting the district advantages, the advantages of approval, the law of renewable energy to decrease the risk.To the grid-deliver risk, the project adopting the advantage of key project, the advantage of the capital, the communication of the grid company to decrease the risk.To the operation risk, the project adopting the best engineers, improving the knowledge of the team to decrease the risk.This paper adequately illustrates potential risks in building Beijing wind farm by presenting some recent domestic wind farm projects, on the other hand, with careful analysis and studying abundant references; the paper also generalizes some practical measures to cope with potential risks in wind power station project management. Undoubtedly, this is helpful by providing academic support and applied reference for Beijing and other regions to develop their wind power farm.