Research On The Financing Of Photovoltaic Power Plants

Energy bottlenecks and pollution is a common challenge facing global development.China as the largest developing country,rapid economic development,China has become the second largest energy consumer and emitter of carbon dioxide,energy consumption and environmental pollution problems have attracted worldwide attention.November 12,2014,the two sides issued a joint statement in Beijing to address climate change,the United States first proposed in 2025 to decrease greenhouse gas emissions by 26%-28%overall compared with 2005,setting 2020 carbon emissions than the United States prior commitments 17%reduction by 2005;China for the first time formally proposed around 2030 Chinese carbon emissions are expected to peak in 2030 and will be non-fossil fuels in primary energy raise the proportion to 20%.This declaration brings to China a lot of challenges,but also opportunities for the development of China's new energy industry.March 4,2016,the National Energy Board issued"Guidance on the establishment of renewable energy development and utilization objective guidance system",put forward by establishing clear renewable energy development and utilization target by 2020,China's non-hydro renewable energy power the consumptive important than 9%,to achieve this goal,which means "thirteen five" period,China's installed capacity of renewable energy will reach 20%compound growth rate.Huge investment in photovoltaic power plants,according to the total amount of"Thirteen Five" cumulative total installed capacity of PV power plant is estimated 150GW need 1.5 trillion yuan of investment,of which supporting financing 1.2 trillion yuan.PV power plant operators,although the emerging industry,but it is asset-heavy,capital-intensive industry,high debt,and the current of the photovoltaic industry-wide problem of financing,for the photovoltaic power plant businesses,capital is the life,to crack current photovoltaic power plant financing problems,also need to explore new modes of financing and cooperation of the road.By analyzing the financing theory representative of the United States,Japan and the successful financing experience of well-known domestic enterprises photovoltaic power plant,the status quo of corporate finance photovoltaic power plants were analyzed and summarized.From the industry characteristics and status of the PV power plant business,points out China's photovoltaic power plant currently prevailing corporate financing problem,through the analysis of the current situation of corporate finance photovoltaic power plants,summarized the traditional financing channels of China's photovoltaic power plant companies and you can try broadening innovative financing tools.Finally,this paper presents a number of policy recommendations corporate finance photovoltaic power plants.In particular,to strongly appeal to the relevant state ministries and commissions to accelerate the issuance of photovoltaic power plants generate electricity subsidies to support the sustainable development of PV power plant business.I believe that with the introduction of national policy,the future of Chinese enterprises PV power plant will be filled with bright sunshine.