Polaris solar PV net news: full PV of financing, financing your business, there may be another new financing – green financial loan. This is the Forum on solar leaders at a recent Conference, Bank’s new proposals.
Societe Generale Bank Marketing Management Department said Zhou Wei, in order to better solve the problem of PV industry difficulties in financing, financing your SocGen after much effort and try, first issued 50 billion green financial loan, down 10 billion has finished successfully issued to support the green industry, including photovoltaic power generation project Foundation, further reducing the industry’s cost of funding.
It is understood that the Green financial loan refers to the issuance of green bonds in the inter-bank bond market.
According to the people’s Bank of China released the catalogue of green bonds support projects, clear definition of green bonds support projects and standards, including energy conservation, pollution prevention, resource conservation and recycling, cleaner transportation, clean energy, environmental protection and adaptation to climate change in six categories. This directory will become the next Green bonds, approval and registration, evaluation rating and disclosure of a reference.
But, in Bank seems, PV industry is suffered financing problem, and power subsidies delay in place, and cannot timely Internet, brings of expected not stable about, urgently improve information of openness and transparency, reduced information communication cost, enhanced investors and Finance of confidence, will subsidies issued of standard and the process clear of, and transparent of, clear specific project subsidies issued of can have sex and time certainty.
In fact, apart from this need to be supported by the higher level of transparency, but for those interested in financing through financial channels such as the Internet of photovoltaic plant, how to play the intelligent operation of the power station that advantage will be in competition with other investment products, adding new positions.
Therefore, both macro-stability expected, and micro unleashed itself on the openness and transparency of this feature are worth, but also increase the competitiveness of the chips.
Green financial loan departure
Recently very popular green finance, generally includes two aspects, a loan that was launched early, and the other is only at the end of last year launched green financial credits.
With regard to loans, as early as 2012, the CBRC guidelines on the launching of the green credit, green credit after our banking industry is increasing. By the end of 2014, 21 green credit banking institutions amounted to 6.01 trillion yuan, up 15.67% from the beginning, 9.33% per cent of its loans.
According to the financial Research Institute of development research center of the State Council estimates that from 2015 to 2020, China’s development of green investment demand of around 2.9 trillion yuan a year, a total of 17.4 trillion yuan.
Alone in the credit alone is difficult to support such high demand situations, central banks launched green financial loan in late 2015.
Green financial loan in inter-bank bond market issuance of bonds, in order to guarantee the raising of money to green industry, central banks from the green industry acquired during project definition, raising money, money management, disclosure and independent bodies in evaluation or certification, guidance and standardization.
According to the catalog of green bonds support projects, which include energy conservation, pollution prevention, resource conservation and recycling, clean transportation, clean energy, ecological protection and adaptation to climate change in six categories. This directory will become the next Green bonds, approval and registration, evaluation rating and disclosure of a reference.
Meanwhile, green financial bond issuance as well as open a special account, establish account, more stringent disclosures, appoint an independent body to assess certification requirements.
Director of State Development Bank to comment on a new energy Tan Zaixing believes that through “green loans” and introducing two important ways to promote PV industry decline in financing costs. At present, green loans are domestic photovoltaic and wind energy an important channel for enterprises to reduce costs, to guide enterprises, financial institutions offering green loan, you can reduce the cost.
He also suggested that the financialization of the photovoltaic plant itself has a property should be developed, bringing in insurance, banking awareness of such risks in the future will be further improved. When the financing model, participating institutions, and costs reduced. He also gave an example, CDB, EDS has been doing in recent years, especially in photovoltaic, power generation and other packaged together, has issued about 200 billion in the country, for the PV industry has contributed to the decline in financing costs.
Zhou said, in order to better solve the problem of PV industry difficulties in financing, financing your SocGen after much effort and try, first issued 50 billion green financial loan, down 10 billion has finished successfully issued to support the green industry, including photovoltaic power generation project Foundation, further reducing the industry’s cost of funding.
Need to enhance transparency
For the PV industry financing in the Bank, is due to the subsidies, the most critical problems in grid-connected, leading to expectations of investors could not form a stable, and this needs to be realized through greater transparency of information.
Zhou Wei believes that if to authoritative Web sites publish information, increase the openness and transparency of information, reduce communication costs, enhance the confidence of investors and the financial community, subsidies granted by standards and procedures clear and transparent, clearly the availability of subsidies granted for specific projects and time. In reducing investment risk at the same time, also reduces the risk of uncertainty due to subsidies led to bargain again lower corporate financing costs.
Insiders believe that whether subsidies that macro-level transparency, or photovoltaic power plant operation, such as micro-level transparency, technically should not be a problem. Also, PV can realize intelligent operations today, generating real-time data transparency should be the advantages of photovoltaic power stations, especially in connection with other similar financial products, investment products, competition, is can be added to the chips.
These people said, it is well known that for any financial product, measure its investments there are three key points, namely liquidity, profitability and safety. With respect to security and intelligence based on PV power station this trend, investors, mobile phones and other devices will be able to know its daily generating capacity. This openness, transparency, safety and security will be the biggest and main selling points to attract investor interest.
Original title: photovoltaic industry financing difficulties forced industry transparency