Research On Structured Participating Finance Leasing Mode Of Energy Management Contracting Project

Under the dual role of the increasing market demand and government policies to encourage, Energy Management Contracting, as a new energy-saving market-oriented mechanism, developed soon in our country because of its small investment, low risk, income lasting features, and gradually become an important way of energy saving. However, due to many persons, such as the immature development of China’s Energy Management Contracting, the own weaknesses of the actor--energy services company, its development is not smooth. Among these factors, difficulties in financing is the biggest obstacle to its development. A considerable part of the project and energy-saving technology products which have good prospects are forced to run aground because of the lack of funding. Therefore, seeking a new way to solve the financing problem of the Energy Management Contracting has become the necessary way to promote the development of Energy Management Contracting.Based on the above background, the research make Energy Management Contracting financing as research object, Based on the summary of the relevant concepts of Energy Management Contracting basic theory, operation mode and characteristics, as well as Project Financing and Structured Participating Leasing, combing the implementation and development course of Energy Management Contracting in our country, and analyzing the current market and policy situation of Energy Management Contracting, Summarizing the main characteristics of several financing ways of Energy Management Contracting:own capital financing, using units financing, special funds to support, loans from financial institutions, investment and financing trading platform, and elaborating the application of the various financing methods. And analyzing the causes of the current financial predicament in three aspects constraints of own characteristics of Energy Management Contracting, operating environment of Energy Management Contracting and relevant national policy limitations.Based on the analysis of Energy Management Contracting financing situation, setting of the design principles of structured participating finance leasing mode, and based on design principles, to complete the construction of the financing model. Introduce the participators, structural frame the detailed operation process and characteristics of the mode, analyzing the mode from two aspects of economic feasibility and operational feasibility.Constructing Game Model of two main participators of Structured participating Finance Leasing-Financial Leasing Company and Energy Management Company. By analyzing the game model, to prove that the participating probability of Financial Leasing Company and Energy Management Company become larger, and the failure probability of project financing become smaller.Analyzes structured participating finance leasing mode with relevant economic evaluation methods, such as Net Present Value, margin of safety analysis, and so on. Calculates the main economic parameters of the financing mode, such as:Energy Management Company annual revenue, operating cost ratio, total retention rate,retention rate of Financial Institution, Financial Leasing Company, Energy-saving equipment Supplier. Certain their ranges and impact of financing mode. Then introduce the actual case, base on the case data, calculate out main economic parameters, then analyze the safety margin of retention rate, the rate of operating costs and other key parameters and the financing capacity of the entire pattern. Finally, estimates the using prospect of structured participating finance leasing mode and the obstacles that may be encountered in the application, targeted proposes a series of measures and recommendations from two aspects of the mode own improvement and the external environment improvement.In this paper, base on the construction of innovative structured participating finance leasing mode, and the analysis of characteristics, operational processes, economic evaluation and application of the model, provide a new financing option for Energy Management Contracting Projects. With the continued development and maturation of Energy Management Contracting, the financing mode will continue to improve and be perfect in the practical application, and have a broader application prospects and value.