基于LCC的风电项目财务可行性分析研究

发布时间：2018-01-21 22:46

本文关键词： 风电企业全寿命周期财务可行性分析评价　出处：《华北电力大学》2014年硕士论文　论文类型：学位论文

【摘要】：风力发电行业的快速兴起,使得各个风电投资公司开始大规模快速扩张,快速扩张带来的不仅仅是公司的壮大,同时也出现了项目投资决策失败的情况。在越来越激烈的市场竞争中,风电企业如何能够在快速开发新项目的同时,更科学、更理智的对项目作出评价、做出正确的决策,这是目前各个风电投资企业迫切需要解决的问题。本文以风电企业——G公司旗下的通辽二期风电项目为研究对象,阐述了有关全寿命周期成本管理的概念、理念和内容,从投入成本、运行成本、维护成本、故障成本及报废成本等方面进行分析,提出风电项目的全寿命周期成本模型；通过对风电项目传统财务评价体系的分析,发现诸多关键因素是传统财务评价体系中欠缺考虑的,比如项目的寿命、实际项目运行后的限电情况、项目评价使用的价格、固定资产折旧方法的选取等等,因此传统财务评价方法存在较大的局限性。在此基础上,提出基于全寿命周期成本的风电项目财务评价方法,分别从风电项目平准化寿命周期费用(LLCC)、风电项目全寿命周期成本回收期、风电项目费效比(CE)等层面,设计了更符合风电项目实际情况的财务可行性研究方案；最后,以“通辽二期风力发电项目”为样本,分别用传统财务评价方法和LCC财务评价方法进行了测算及对比分析,结果显示,本文设计的方案能够更科学、更合理的对项目盈利能力进行评价,从而验证了本文的设计方案在风电项目财务可行性研究中的必要性和可借鉴性。
[Abstract]:With the rapid development of wind power industry, various wind power investment companies began to expand rapidly, and the rapid expansion brought about not only the expansion of the company. In the increasingly fierce market competition, how can wind power enterprises in the rapid development of new projects at the same time, more scientific, more rational evaluation of the project. To make the right decision, this is an urgent problem that every wind power investment enterprises need to solve. This paper takes Tongliao II wind power project, which is owned by G company, as the research object. The concept, concept and content of the whole life cycle cost management are expounded. The input cost, operation cost, maintenance cost, fault cost and scrap cost are analyzed. The life cycle cost model of wind power project is put forward. Through the analysis of the traditional financial evaluation system of wind power project, it is found that many key factors are not considered in the traditional financial evaluation system, such as the life of the project and the power limit after the actual project operation. The price used in project evaluation, the selection of depreciation methods of fixed assets and so on, so the traditional financial evaluation method has great limitations. On this basis. The financial evaluation method of wind power project based on the whole life cycle cost is put forward, and the life cycle cost of wind power project is equalized by LLCC, and the whole life cycle cost recovery period of wind power project is introduced. In the aspect of cost efficiency ratio of wind power project, a financial feasibility study scheme is designed, which is more suitable to the actual situation of wind power project. Finally, taking "Tongliao II wind power project" as the sample, the traditional financial evaluation method and the LCC financial evaluation method are used to calculate and compare. The results show that the scheme designed in this paper can be more scientific. It is more reasonable to evaluate the profitability of the project, which verifies the necessity and reference of the design scheme in the feasibility study of wind power project finance.
【学位授予单位】：华北电力大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F406.7;F426.61

【参考文献】