A Primitive of Securitization of Solar Power Plants and the Determinant of Profitability

碩士 === 國立交通大學 === 管理科學系所 === 101 === The Solar Photovoltaic industry is an emerging industry recently. Many governments have developed Solar Photovoltaic incentive policies to stimulate this industry. Due to rising and fluctuant energy prices, solar power plants are favored in many countries. In add...

Full description

Bibliographic Details
Main Authors: Ou Yang, Yuan-Yi, 歐陽遠禕
Other Authors: Chu, Po-Young
Format: Others
Language:zh-TW
Published: 2013
Online Access:http://ndltd.ncl.edu.tw/handle/42781405325973659548
Description
Summary:碩士 === 國立交通大學 === 管理科學系所 === 101 === The Solar Photovoltaic industry is an emerging industry recently. Many governments have developed Solar Photovoltaic incentive policies to stimulate this industry. Due to rising and fluctuant energy prices, solar power plants are favored in many countries. In addition, Wall’s financial institutions have started the securitization of solar power plants, it will help them not only to reduce its construction cost, but also enhance its liquidity. This research uses the CDM Projects Database of United Nations to survey 55 solar power plants in China. The research utilities the stepwise regression analysis method to explore profitable factors of the solar power plant. The positive correlation factors include the capacity factor, tariff with VAT, long-term interest rate, depreciation period. The negative correlation factors are debt ratio and repay period.