Study On Financial Leasing Of Centralized Photovoltaic Power Station

With the popularization of the concept of sustainable development,the development of all kinds of green energy industry has been attached great importance.Solar energy has become an important part of green energy industry because of its large resources,high universality,clean and pollution-free characteristics.Photovoltaic industry has been highly valued in China,but it also leads to the problem of excessive dependence on government subsidies and policy support.After the "Double anti investigation" from the US government,China’s photovoltaic industry once stagnated,and the problem of "difficult and expensive financing" has become a bottleneck restricting the development of China’s photovoltaic industry.The emergence of financial leasing industry,to a certain extent,eased the problem of capital shortage in photovoltaic industry.The reason why financial leasing industry suits photovoltaic industry is that the approval procedures of financial leasing are relatively simple,and the leasing properties can be used as collateral,and finally,the lease term of financial leasing is generally long,which can make up for the defects of long production cycle of photovoltaic power station,and relieve the repayment pressure of photovoltaic power generation station before and at its initial stage of production.Based on energy company B’s leaseback project,this paper focuses on the investment return and risk control of photovoltaic financial leasing project.The paper first summarizes the development status of financial leasing industry and photovoltaic industry,analyzes the necessity and inevitability of photovoltaic financial leasing from the aspects of current situation and reasons,then based on the financial leasing project,analyzes the pricing method of financial leasing company A in detail,and evaluate the result of this project,and then forecasts the cash flow of the centralized photovoltaic power station and does a series of sensitivities test to calculate the investment return of photovoltaic financial leasing project.Finally,it is concluded that the financial leasing project is feasible and reasonable.Then the paper analyzes the risk sources of financial leasing projects in photovoltaic industry,introduces financial leasing company A’s risk control methods in the lease-back project,and gives five risk control suggestions concerning photovoltaic financial leasing projects.This paper draws the following conclusions through this case study: firstly,for financial leasing companies,the equal principal and interest method of post payment is the best rent pricing method;secondly,in the case of long financial leasing term,photovoltaic power stations can rely solely on their own income of power generation to complete repayment;thirdly,when carrying out photovoltaic financial leasing projects,we need to pay attention to the risk identification,evaluation and control.