Research On Project Financing Model Of Contract Energy Management Of Shenwu Company

Energy Performance Contracting is a new type of market-oriented energy-saving mechanism.But since it was introduced in 1998,it has been showing externalism.The EPC mechanism,with zero risk for energy consumers,large investment for Energy Service Company,and long cycle times,which directly leads those companies to undertake huge financing risks when implementing projects.Not only small and medium-sized ESCOs have difficulty financing,but also large scale ESCOs have problems.Whether the energy conservation service project implements EPC can design a suitable and competitive project financing model that can achieve the target requirements of all participants,and it has become a key element in solving the financing problem of EPC projects.This paper analyzes the operating mode and characteristics of the Energy Performance Contracting mechanism,and summarizes the project financing model when implementing the EPC project based on the project financing theory.Through a typical EPC project contracted by Shenwu Company in 2014 and put into operation in 2016,the external financing environment will be used to deeply analyze its financing model and reveal the problems and causes of project financing.Based on the considerations of market development direction,Shenwu Company's development strategy,EPC characteristics,and financing needs of various stakeholders,based on the existing financing model of the project,a carbon-dimension trading CDM mechanism that has been rapidly developed in recent years has been introduced.Project financing model optimization program.This paper demonstrates the rationality and effectiveness of the optimized program from the perspective of incremental cash flow,real options and social benefits,and then analyzes the effect of project financing model optimization,and proposes four successful safeguard measures.This study is an exploration of the future development direction of China's Energy Performance Contracting project financing model.It is theoretically feasible,but it also needs more support from the state's legal policies.It is hoped that this study can provide a new idea for the development of Energy Performance Contracting in China.