Goldwind Issued Green Bond Financing Case Study

Since the reform and opening up for more than 40 years,China’s rapid economic development,at the same time,the traditional high pollution and high energy consumption development model has brought environmental problems increasingly prominent,economic development at the expense of the ecological environment is not in line with China’s sustainable development strategy,how to reduce the emission of pollutants,improve energy utilization,the development of clean energy,the development of green projects,to achieve economic and ecological benefits of a win-win situation is Governments are committed to pursuing this goal.In the report of the 20 th National Congress of China,it is clearly pointed out that we should vigorously develop green and low-carbon industries,advocate green consumption,coordinate industrial restructuring,and accelerate the transformation of the development mode to green.As an important renewable clean energy source,wind energy is of great significance to improve China’s energy structure,reduce CO2 emissions and enhance sustainable development.The wind power industry is characterized by long project construction cycle,large capital demand and long payback period,etc.It is difficult to meet the development requirements of enterprises by purely relying on internal financing,and external financing is the main channel for wind power enterprises to obtain funds.Goldwind,a leading enterprise in China’s wind power industry,issued China’s first overseas green bonds and green perpetual bonds in 2015 and 2016,which triggered a high degree of attention in the industry and the market,and played a guiding role for other enterprises in the wind power industry to choose their financing methods.This paper firstly introduces the concept and theoretical basis of green bonds,analyzes the current situation of wind power industry development,secondly,introduces the relevant situation of the issuing body Goldwind,the specific information of Goldwind’s green bond financing and the use of funds raised,again,analyzes the motivation of Goldwind’s green bond financing from both internal and external aspects,uses quantitative analysis and We use a combination of quantitative and qualitative analysis and a comparative analysis to analyze in detail the financial,ecological and reputational benefits brought by Goldwind’s green bond issuance,and conclude that Goldwind’s green bond issuance is in line with its long-term development strategy,effectively broadens its financing channels,optimizes its financial structure,and brings certain financial benefits to the company,while wind power generation will also effectively improve China’s carbon dioxide emissions to the environment,which is conducive to shaping the green reputation of the enterprise and enhancing its corporate value.Finally,corresponding suggestions are made for enterprises to issue green bonds and improve the green bond field in China.