Discussion On Accounts Receivable Risk Management Of Renewables Corporations

Renewables electricity represented by wind electricity and photovoltaics has the characteristics of carbon-free,clean,environmental protection,renewable,etc.It is an inevitable requirement for energy transition and low-carbon development,and also a key development area of "Made in China 2025".In the tide of global energy structure reform,China's renewables electricity industry has followed the trend,and the total installed capacity and industry output value have both achieved leapfrog development.However,as the industry is still in its infancy,it is highly dependent on macroeconomic policies.As the scale of wind power photovoltaic installations has grown geometrically,the energy subsidy gap has also grown in a "snowball" fashion,leading to the receivables of renewables corporations the cash flow capacity are significantly lower than those of traditional energy companies,and their ability to resist risks has also weakened significantly.Therefore,it is of great significance for renewables corporations to scientifically and effectively control the risks of corporate receivables,improve their ability to resist risks,and promote sustainable development.This paper takes GT Power as the research object,and systematically studies the receivables risk of new energy power generation enterprises from the perspective of risk management and control.First of all,to obtain internal financial data and management systems of the company through field surveys and literature borrowing,analyze the quality of accounts receivable of GT Power,grasp the current status of the company's accounts receivable management,and integrate the company's current internal control and credit management system to summarize GT Power's current receivables risk management and control problems;followed by financial analysis and Delphi method to identify various risk factors of receivables,and adopted AHP and Wall scores respectively The non-financial and financial indicators in the risk factors of the receivables are scored,and then the overall risk level of GT Power's receivables and the importance of each risk factor are ranked;finally,they are determined according to the importance of the risk factors of the receivables.GT Power's account receivables' risk response plan,including the selection of diversified accounts receivable financing channels,seeking policy support and improving the internal management of accounts receivables,and other measures,to give enterprises and other peers for reference.