Case Study On The Motivation And Benefits Of Green Medium-Term Notes Issued By New Energy Enterprises In China Longyuan Power Group Corporation Limited

With the global energy supply shortage,large-scale traditional energy development and utilization brings ecological environment deterioration and other problems,low environmental pollution,development potential of new energy for China to reduce pollution emissions,advance the layout of the energy industry,clear future energy transformation direction to provide ideas.Driven by China’s dual carbon strategy,building a new power system with new energy as the mainstay and creating a green and low-carbon economic development system is a long-term plan to promote the comprehensive green transformation of the economy and society and achieve sustainable development in the future.With the rise of green bonds and strong support from the government,new energy enterprises have started to try to issue green bonds to obtain financial support and promote the development of new energy industry.Green medium-term notes,as one of the varieties of green bonds,have flexible financing terms and provide a low-cost financing channel for new energy enterprises to raise funds.This paper takes "21 Longyuan Power GN001(Carbon Neutral Bond)" as an example to study the motivation and benefits of green medium-term note issuance.As a new energy company focusing on the development and utilization of wind energy industry,Longyuan Power is a new energy company that issued green medium-term notes,and an in-depth analysis of the benefits of its green medium-term note issuance can play a guiding role for subsequent new energy companies to issue green medium-term notes.Based on the overview of the development of green medium-term notes,this paper compares the relevant policies of green medium-term notes,systematically explains the current situation of green medium-term notes issuance,and clarifies the necessity of green medium-term notes issuance by new energy enterprises in light of their own characteristics.Then,the thesis analyzes the financial situation of Longyuan Power and argues that the development of Longyuan Power’s wind energy industry needs the support of green medium-term notes.Then,it discusses the motivation for Longyuan Power to issue green medium-term notes,analyzes the impact of green medium-term notes issuance on the enterprise,and finds that green medium-term notes have certain cost advantages and can also generate considerable financial,stock market,environmental and reputational benefitsOn this basis,this paper summarizes the advantages of green medium-term notes and argues that the issuance of this issue of green medium-term notes is consistent with the strategic development needs of new energy enterprises,which can optimize the energy development layout and promote energy conservation and emission reduction while satisfying the capital needs of enterprises,thus achieving a win-win situation for all parties.From the issuer and government levels,this paper puts forward relevant suggestions to promote the healthy development of green medium-term notes...