收购光伏发电站时如何计算其价值.pdf

ValueEngineering 窑15 窑 收购光伏发电站时如何计算其价值 How toCalculatetheValueW hen BuyingaPhotovoltaicPowerStation 柯成惠KE Cheng-hui 渊华电四川发电有限公司攀枝花西区分公司袁攀枝花617065冤 渊W esternBranch ofHuadian SichuanPowerGeneration Co.袁Ltd.袁Panzhihua617065袁China冤 摘要院企业价值研究是作为收购企业必不可少的一个重要环节遥 光伏发电作为目前环保节能电力发展的方向袁是我们研究的重 点遥一方面由于国家补贴的延迟发放袁很多享受国家补贴的光伏企业袁因补贴不能按时足额到账而使得企业生存艰难曰另一方面袁国家 对央企要求尽可能使用环保节能电力产品袁做好央企的社会履职袁央企业收购光伏电站成为必然遥央企通过对收购已经建好的光伏发 电站袁能够高效快捷的壮大企业规模的方式遥通过电站项目的宏观尧微观环境的分析袁运用科学方法对项目进行评估袁能够确定对光伏 发电站的收购价值袁给收购光伏发电站项目一个更科学尧合理的价格区间范围袁明白项目的优劣的袁更利于收购决策的制定和谈判遥 Abstract:The studyofenterprisevalue isan essentialpartoftheacquisition enterprise.Photovoltaicpowergeneration asthecurrent environmentalprotection and energy-saving powerdevelopmentdirection,isthe focusofourresearch.On the one hand,because ofthe delay in the issuance ofstate subsidies,many photovoltaic enterprisesenjoying state subsidieshave difficulties in surviving because the subsidies can notbe received in fulland on time;on the other hand,the state requires the centralenterprises to use environmental protection and energy-saving powerproductsasfaraspossible,do a good job ofthe socialperformance ofthe centralenterprises,the centralenterprisestopurchasephotovoltaicpowerstationsbecome inevitable.The state-owned enterprisesthrough theacquisition ofbuilt photovoltaicpowerstations,canbeefficientandrapidwaytoexpand thesizeoftheenterprise.Through theanalysisofthemacroandmicro environmentofthepowerstationprojectandtheevaluation oftheprojectwith thescientificmethod,theacquisition valueofthephotovoltaic powerstation can bedetermined,andamorescientificandreasonablepricerangecan begiven totheacquisition ofthephotovoltaicpower stationproject,understand theprosand consoftheproject,moreconducivetotheacquisition decision-makingandnegotiation. 关键词