A Case Study On The Choice Of Financing Methods Under EMC Mode

At present,China is in a period of rapid development,but it is facing the problems of environmenta]pollution and energy shortage.Therefore,speeding up the transformation of economic development mode and developing green economy have become the development direction advocated by the state.Under this background,as a new energy-saving mechanism,energy management contracting has made rapid development.Energy management contracting is a mechanism that the energy management company provides funds and technology for the energy-using unit to carry out energy-saving reconstruction and share energy-saving benefits with the energy-using unit after the reconstruction is completed.Its essence is to pay the reconstruction cost with the energy-saving benefits saved by the energy-using unit after the energy-saving reconstruction.However,there are still many problems in energy management contracting.Seventy percent of energy management companies in China are small or medium-sized enterprises,with limited funds and lack of collateral,which makes financing difficulty one of the main problems.Therefore,under the energy management contracting mode,this paper studies the financing methods of different energy-saving reconstruction projects,to provide reference for the small and medium-sized energy management companies in the selection of financing methods of energy-saving renovation projects,meanwhile,to contribute to the development of energy management contracting project financing in China,and promote the work of energy conservation and emission reduction.Firstly,this paper sumlarizes the theories,concepts,and domestic and international development of energy management contracting,thus leads to the financing difficulties of energy management contracting projects.Then,through the case analysis method,the typical case contents and financing methods of three energy management projects are introduced.The financing methods involve bank credit,private mezzanine funds and financing lease.Then,the establishments,financing methods,credit enhancement measures and benefits of the project are analyzed,and the advantages and disadvantages of the three financing methods are compared through the comparative analysis method.In addition,it summarizes the problems and risks in the process of financing.It concludes that solving the financing difficulties of energy management contracting needs combined efforts from many sides,so puts forward countermeasures and suggestions from the perspective of government,energy-saving industry,and financial institutions.