The Financing Channles Research Of China’ Wind Power Business

With the growing demand for energy and environmental protection in the world is increasing, the development of clean renewable energy has become an important measure to ensure energy security and to ease the pressure to reduce emissions. Compared with other types of renewable energy such as solar, nuclear, wind resources, wind power technology is mature and is considered to be a broad market prospect of a new energy power generation industry.Due to the support of national policy, China’s wind power industry in recent years, rapid development, have reached the world in terms of installed capacity of new installed capacity of speed, etc.. However, wind power in China is facing the finance market, adverse selection, project investment blindly, resulting in China’s wind power business and some good project financing difficulties, wind power equipment overcapacity. Construction of wind power depends on government policy support, as well as one-time investment development cycle short and long payback period to determine its mode of financing. However, there are also a lack of fully commercial investment in wind power project, its financing channels rely mainly on bank loans, while Bank of wind power projects of the loan period is much shorter than the term of the loan on the thermal power and hydropower projects, which increased wind power project repayment pressure, an increase of the cost of wind power.Firstly, starting from the development of China’s wind power companies to analyze the current situation and problems of wind power corporate finance, the problem exists in the financing structure, and a brief analysis of the cause of the problem, from the technical side, profitability, market aspects, institutional aspects of the description. Second, it analyzes the different means of financing for wind power companies in China, and comparative analysis of the merits and demerits of the different means of financing, comparative analysis of case and financial analysis of these means of financing. Furthermore, the analysis of influencing factors selected by the means of financing, including the principles of corporate finance and cost factors, and characteristics of the operational phase factor.Finally, suggestions for improvement, and wind power companies should be gradually changed to rely mainly on commercial loans from financial institutions of this mode of financing to achieve the diversification of financing channels, reduce financing costs, and maximize the benefits of wind power company. Second, speed up technological innovation and development, improve the technological level,to strengthen the information disclosure of the wind power industry. At the same time, countries need to create the conditions for project financing of wind power to give more policy support, providing a fixed price power purchase contract or license, the license conditions of the Government’s commitment to the agreement to increase the internal rate of return of wind power projects through the CDM project, to investment and financing with sufficient confidence.