Research On The Power Project Financing Problem Of Y Co.,Ltd

With the climate change,environmental pollution and the depletion of traditional energy,the world more and more attention to the development and utilization of new energy.Therefore,the wind as a pollution-free,renewable,reserves and more clean and renewable energy sources are widely concerned about the development of wind energy can increase China's energy supply,optimize the energy structure and reduce environmental pollution.Since 2005 has been vigorously developed wind power industry,although the late start,but the development of faster.2010 wind power industry development slowdown,2014 industry development once again warmer.In recent years,the state introduced a series of policies,through the development of new energy industry planning,tax incentives,subsidies,technical support,etc.,to protect the rapid development of wind power and other industries to achieve energy-saving emission reduction targets.However,due to the initial investment in wind power projects,the long payback period,and the unstable characteristics of the wind resources itself,the financing problem has become a problem in the development of wind power industry.Based on the theory of financing structure at home and abroad,this paper analyzes the capital structure,financial situation and financing channels and financing structure of Y Company in terms of the financing characteristics of wind power industry,and concludes that Y company mainly faces the single financing channel,Rely on bank credit;debt financing is high,the financing structure is unreasonable;the company borrows short,long-term financing uncertainty;solvency decline,financing costs higher and other issues,and the relevant countermeasures and suggestions,The future healthy development is of great significance.This paper is divided into six chapters,the first chapter introduces the research background,the research significance and the research contents at home and abroad.The second chapter summarizes the relevant theories of financing,studies the relevant theories of domestic and foreign financing,The third chapter analyzes the current situation of the financing of Y company,including the capital structure and financial status of the company.The fourth chapter analyzes the financing problem of Y company's wind power project.In the fifth chapter,the corresponding measures are put forward for the problem.In the six chapter,conclusion and outlook.