上海C风力发电项目资产证券化研究.pdfVIP

上海 C 风力发电项目资产证券化研究 摘 要 随着世界经济的不断发展，能源问题也日益凸现。作为可再生能源 的风力资源以其蕴量巨大、可以再生、分布广泛、没有污染等优势在各 国发展迅速。我国风力资源利用水平远远低于世界平均水平。为解决我 国能源紧张问题，未来国内风力发电行业必将会迎来一次更加快速的发 展。 在风力发电行业发展过程中，传统的政府投资、银行贷款等己经不 能满足目前风力发电项目融资要求.又由于其自身融资时间长、融资规模 大、风险大、回收期长等原因，通过市场进行融资也面临重重困难。 本文对通过资产证券化方式来满足风力发电项目在发展过程中的融 资需求做出初步研究。 资产证券化不仅可以提高风力发电项目资产的流动性、扩大融资对 象、延长融资期限、降低融资成本，还可以降低企业财务费用。对投资 人来说，也得到风险较小、回报较高的一种投资品种。 本文从中国国情出发，结合资产证券化的特点，从项目资产证券化 的实施条件、优势以及制约因素等各方面结合一个具体的案例对发电项 目采取资产证券化方式融资进行了初步的可行性研究，为国内风力发电 项目资产证券化实施建立了一个简单模型，继而针对制约因素为实施风 力发电项目资产证券化提出理论建议。 关键词：融资，资产证券化，风力发电 THE RESEARCH OF SHANGHAI C WIND ELECTRIC POWER STATION PROJECT FOR THE ASSET SECURITIZATION ABSTRACT With the development of the economic of the world, the shortage of energy becomes more and more obvious. Wind power is a clean and renewable energy source and has been played a significant role in the global energy source structure. However wind electric power industry in our country is far from developed compared to the world level. Considering its rapid growth, the wind electric power industry needs is in need of a large amount of funds from a new and cheaper channel of financing awfully. In this article, asset securitization is put forward as a feasible way of wind electric power project financing with regard to the features of wind electric power financing and the benefits that the asset securitization offers to the wind electric power enterprises and the investors.