本文關(guān)鍵詞：Y公司風(fēng)電項(xiàng)目融資問題研究　出處：《天津商業(yè)大學(xué)》2017年碩士論文　論文類型：學(xué)位論文

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【摘要】：隨著氣候的變化、環(huán)境的污染以及傳統(tǒng)能源的日漸枯竭,世界各國越來越重視對新能源的開發(fā)利用。因此,風(fēng)力作為無污染、可再生、儲量多的清潔可再生能源廣泛被人們關(guān)注,風(fēng)能的開發(fā)可以增加我國的能源供給、優(yōu)化能源結(jié)構(gòu)、減少環(huán)境污染。從2005年起得到了大力發(fā)展的風(fēng)電行業(yè),雖起步晚,但發(fā)展較快。2010年風(fēng)電行業(yè)發(fā)展增速放緩,2014年起行業(yè)發(fā)展再次回暖。近年來,國家出臺了一系列政策,通過制定新能源產(chǎn)業(yè)規(guī)劃,進(jìn)行稅收優(yōu)惠、補(bǔ)貼機(jī)制、技術(shù)支持等方式,保障風(fēng)電等行業(yè)快速發(fā)展,達(dá)到節(jié)能減排目標(biāo)。但由于風(fēng)電項(xiàng)目初期投入大,回收期長,以及風(fēng)資源本身的不穩(wěn)定特點(diǎn),使融資問題成為風(fēng)電行業(yè)發(fā)展過程中所面臨的難題。本文以Y公司作為研究對象,依據(jù)國內(nèi)外的融資結(jié)構(gòu)理論,結(jié)合風(fēng)電行業(yè)的融資特點(diǎn),分析Y公司的資本結(jié)構(gòu)狀況、財(cái)務(wù)狀況以及融資渠道、融資結(jié)構(gòu)等方面,總結(jié)Y公司主要面臨融資渠道單一,依賴銀行信貸;債務(wù)融資占比高,融資結(jié)構(gòu)不合理;公司借短用長,融資不確定性強(qiáng);償債能力下降,融資成本走高等問題,并對問題提出相關(guān)對策建議,對Y公司未來的健康發(fā)展有著重要意義。本文分為六個章節(jié),第一章緒論部分,概述本文的研究背景、研究意義以及國內(nèi)外研究等內(nèi)容;第二章融資相關(guān)理論概述,研究了國內(nèi)外融資的相關(guān)理論,為后文融資策略選擇打下基礎(chǔ);第三章分析了Y公司融資的現(xiàn)狀,包括公司資本結(jié)構(gòu)、財(cái)務(wù)狀況等;第四章分析Y公司風(fēng)電項(xiàng)目融資問題;第五章,針對問題提出相應(yīng)的解決措施;第六章結(jié)論與展望。
[Abstract]:As a result of climate change, environmental pollution and the depletion of traditional energy, more and more countries attach importance to the exploitation and utilization of new energy. Therefore, the wind as a non polluting, renewable, clean and renewable energy reserves more extensive attention by people, the development of wind energy can increase our energy supply, optimizing energy structure, reducing environmental the pollution. The wind power industry development since 2005, though started late, but the rapid development of.2010 years of development of wind power industry slowdown in 2014, the development of the industry to pick up again. In recent years, the state issued a series of policies, through the development of new energy industry planning, tax incentives, subsidies mechanism, technical support etc. the rapid development of security, wind power and other industries, to achieve energy-saving emission reduction targets. But in the beginning of wind power project investment, long payback period, unstable characteristics and wind resources, make the financing question Problems become a serious problem faced during the development of wind power industry. This paper takes the Y company as the research object, on the basis of financing structure theory at home and abroad, combined with the characteristics of the wind power industry financing, analyzing the capital structure situation of Y company, the financial situation and the financing channels, financing structure and other aspects, summed up the Y company is facing the financing channels a single, dependent on bank credit; debt financing ratio, unreasonable financing structure; financing company by the use of short long, strong uncertainty; solvency declined, higher financing costs, and put forward relevant countermeasures to the problem, is of great significance to the healthy development of the company Y in the future. This paper is divided into six chapters. The first chapter is the introduction part, the research background of this paper outlines the content, significance and research; the second chapter summarizes relevant theories of financing, external financing and domestic related theories, for the financing strategy selection The third chapter analyzes the current situation of Y company's financing, including the company's capital structure and financial status. The fourth chapter analyzes the Y company's wind power project financing problems; the fifth chapter puts forward the corresponding solutions to the problems; sixth chapter, conclusion and prospect.

【學(xué)位授予單位】：天津商業(yè)大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2017
【分類號】：F406.7;F426.61

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