The Research Of Wind Power Industry Chain Model Of Financing

The opening chapter of this thesis focuses on the status of development of China’s wind power industry. Through analyzing the confronting problems and the existing financial difficulties facing upstream, midstream and downstream enterprises, it proceeds to the research content and research significance. Then, by studying the wind power industry financing theories home and abroad, this article builds up its own financing mode and chain financing system which is applicable to practical situation of our country’s wind power industry and then separately provides the financing mode for electrical network enterprises, wind power generation enterprises and wind power equipment manufacturers.In the end, this article verifies the chain financing operability and applicability of wind power industry in specific case, respectively discusses the vital function of commercial banks, loan and trust companies and the core industrial chain enterprises within the chain financing mode and summarizes the financial transaction’s deal structure such as account receivable assigned, usufruct transfer and the third party credit rights etc, through combining corporate finance and financing institution’s product design, this article systemically establishes the wind power industry chain financing financial product system and eventually achieves the win-win objective of enterprises and financing institutions. The innovation point of this article is that it solves the financing problem facing the whole wind power industry and through example verifies the significant value of chain financing mode within wind power industry. Thereby, the article has the promotion and practical application value. The author’s major achievement includes the following:1. This article systematically reorganizes the financing theories of wind power industry home and abroad and points out the practical problems within it.2. This article, by studying various financing theories, puts forward a new chain financing mode; meanwhile, standing on the industrial chain angle, it works out different financing instruments for different enterprises and solves the corresponding difficulties they are facing in financing process.3. This article verifies the operability and applicability of the wind power industry chain financing mode through different financial instruments and by respectively using the downstream electrical network enterprises, the midstream power generation enterprises and the upstream equipment manufacturing enterprise as an example and provides references for corporate finance and the financial institution’s product design henceforth.Upon the research, this article reaches the following solutions:wind power industry can resolve the monotony of financing structure and financing difficulty through build up an integrated chain financing mode; the financing institution also could sets up a comparatively complete chain financing product system and works out the financing single product problem and achieves the win-win objective with financing enterprises.