Discussion on Asset-Backed Securitization of PV Power Plants

Abstract:

At present, it universally exists that the financing problem confronts photovoltaic (PV) power plant construction in our country. The PV power plant construction in industry falls into the capital-intensive enterprises with the feature of long-time development, substantial investment needed but relatively fixed income. Thereby, it is greatly appropriate for solar securitization to address the financing needs of the industry with its characteristic and realize diversified financing channels. In this paper, firstly, the feasibility and necessity of ABS financing for PV industry is discussed. Then, we elaborate the current four construction modes of PV power plant, namely, transfer of beneficial interest of power charge, credit increment of financing platform company, BOT (build-operate-transfer), and financing leasing, according to which the financial institution designs the asset-backed securities supported by the beneficial interest of the power plant. Further, we analyze the main problems and challenges of carrying out the ABS business. Countermeasures and suggestion ns are put forward finally.

• Periodical: Advanced Materials Research (Volumes 960-961)
• Pages: 1536-1541
• DOI: https://doi.org/10.4028/www.scientific.net/AMR.960-961.1536
• Online since: June 2014
• Authors: Yi Feng Wang*
• Keywords: Asset-Backed Securitization, Financing Channel, Pv Power Plant

References

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DOI: 10.11610/connections.14.3.04