| It is known that energy is the lifeblood of economic development and it has very important significance for any country.With the economy continues to move forward,the energy demand has been increasing.It is a fact that the fossil energy reserves are limited.However,nowadays fossil energy extraction rate is far more than its production rate.It can be easily predicted that fossil energy will be exhausted for not many generations in the same mining rate.In view of this current situation,in order to solve the contradictions between the increasing demand for energy and nonrenewable fossil energy,the vision gradually is turned to renewable energy areas such as wind power and solar power.More attention is paid to wind power because of its unique advantages and the maturity technologies.However,in the development process of wind power,funds are the biggest problem many enterprises have to face.The issue of funding support is mentioned in “thirteen-five” planning work formulated by National Energy Board.It is pointed out that funding support is the key issue wind power industry should solve.Moreover,how to effectively solve the financing problem so as to provide financial security for the sustained and healthy development of wind power has strong research significance.In this view,in order to solve the funding problem,the first step is to effectively deal with the various risks faced in wind power enterprises financing process.Therefore,it is of great practical significance to effectively identify the financing risks of wind power enterprises and carry out scientific analysis and evaluation as well as formulate reasonable countermeasures for effectively reducing or avoiding financing risks.Based on the achievements of existing academic research,the meaning,characteristics,composition,management and research methods of wind power enterprise financing risk are summarized in this paper according to financing theory,financing risk theory and other related principles.Moreover,wind power enterprises financing risk is analyzed from multi-angle aspects.The evaluation index system of wind power financing risk is built in this paper combined with previous literatures,practical experience and expert opinions.Additionally,an appropriate mathematical model for evaluating the financing risk is constructed.Firstly,basic theories related to the financing risk of wind power enterprises are elaborated for laying theoretical and analytical basis for the construction of index system.Secondly,the analysis of financing risk will be carried out from both internal and external of wind power enterprises.Furthermore,the internal factor is divided into financial and non-financial indicators.Financing risk evaluation index system is built based on the influencing factors of wind power enterprises.Thirdly,a comprehensive evaluation model of combined weighting model based on entropy weight method and Delphi method and built.Finally,comprehensive evaluation model is applied to analyze the financing risks of selected three wind power enterprises and conclusions are drawn.Through the research of this paper,it can provide some references for extending comprehensive evaluation of financing risk of wind power enterprises and helps them identify and evaluate financing risk.Moreover,it can provide relevant decision-making recommendations for enterprise managers,investors and creditors.Therefore,this paper has strong theoretical and practical significance. |
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