朱亚明:清洁能源的并购需政企联动

• 出 处: 中国电力企业管理
• 发表日期: 2015年09期

为什么清洁能源的并购交易难?原因是回报率偏低,这是无法回避的事实。个位数的回报率经常可见,如何能吸引到大量的社会资本来投入?首先是成本问题。根据2013年的数据,每瓦投资需求,陆上风能是1.8美元,海上风能是3.1美元,集中式太阳能是1.7美元,分布式太阳能是2.5美元,这样的成本要想获得高回报是很难的。其次,微薄的回报来自于国家补贴,并且严重依赖国家补贴和税收优惠。把补贴放在前面,是有意而为之,因为主要是依靠补贴。不管标杆电价也好,还是其他形式的地方财政补贴也好,

Why clean energy M & A transactions difficult? The reason is the low rate of return, this is an unavoidable fact. The single-digit rate of return is often seen, how to attract a large amount of social capital to invest? The first is the cost. According to 2013 data, investment demand per watt, onshore wind energy is $ 1.8, offshore wind energy is $ 3.1, concentrated solar energy is $ 1.7 and distributed solar energy is $ 2.50, so it is difficult to achieve such a high cost of return . Second, the modest returns come from state subsidies and rely heavily on state subsidies and tax incentives. Putting subsidies ahead of them is done intentionally because it depends mainly on subsidies. Regardless of the benchmark price Ye Hao, or other forms of local financial subsidies Ye Hao,