Research On The Optimization Of Financial Support Model Of Domestic PV Industry

Due to the current resource shortage and environmental pollution problems,energy restructuring is the necessary choice for China at this stage.In recent years,the development of China's new energy industry is very fast,and has become an important part of China's sustainable development strategy.During the 13 th Five-Year Plan period,the development focus of solar power generation in China will no longer be large-scale photovoltaic power plants.Distributed photovoltaic power generation system is occupying an increasing proportion.In recent years,distributed photovoltaic system has developed rapidly.However,the development of distributed photovoltaic power generation has many obstacles,besides the problem of power limitation in the western region,it will be integrated.The problem of capital difficulties has become the main bottleneck of its development.Distributed photovoltaic system has many characteristics,such as smaller scale,more flexible form,longer investment recovery cycle and more complex investment subjects.Therefore,it requires a variety of investors and flexible financial support channels.However,the development of large-scale photovoltaic power plants in China is earlier and occupies a larger proportion.The development of distributed photovoltaic is relatively late,so its financing mode is mainly realized by traditional bank loans,capital market listing or government subsidies,which limits the benign development of most enterprises,affects the ability of enterprises to expand and re-profit,and limits the development of the whole industry.In this paper,the main characteristics of domestic photovoltaic industry at the present stage are analyzed based on the development of global and domestic photovoltaic industry.Through the analysis of domestic photovoltaic industry financial support model,it is found that the current financing model can not meet the characteristics of the current stage of development.At this stage,the financing model is mainly in the capital market.Market financing,bank financing and government financial subsidy support are mainly manifested in the insufficient planning of the implementation process of government subsidy in the recession of subsidy policy at the present stage,which is changeable,causing large fluctuations in the industry,single financing channel,bank credit is still the main financing channel of photovoltaic system,and as for the bank loan mode,it is presented.The difficulty of lending and the high risk of lending have been verified by the research of Hairun Photovoltaic and Yingli Green Energy.After that,the paper draws lessons from the main financial support modes of Germany and the United States,which are in the forefront of photovoltaic power generation.Through the analysis of their financial support modes and characteristics,and combining with the development status of photovoltaic industry in China,it puts forward the introduction of the third-party review agency mode to optimize the financing scheme,the citation of financing lease mode and asset securitization mode.Introduce and so on to optimize the traditional financing mode,and analyze the advantages of each new financing mode and put forward relevant suggestions.