Financial Optimization Management and Equipment Procurement Risk Analysis of New Energy Photovoltaic Power Generation Project

As renewable energy gains momentum and energy structures evolve, photovoltaic power generation projects assume greater significance in the energy sector. This paper aims to explore financial optimization strategies and procurement risks in new energy PV projects, offering countermeasures. Firstly, an in-depth study of PV project finance reveals potential issues during operation. Cost control, income optimization, and capital management strategies are proposed to ensure economic viability and long-term profitability. Secondly, a systematic analysis of equipment procurement risks in PV projects considers factors like market volatility, technological advancements, and supply chain challenges. Comprehensive risk management measures are put forward to mitigate these risks. These measures cover supplier selection, contract management, technical monitoring and other aspects, aiming at minimizing the uncertainty in the procurement process and ensuring the equipment quality and reliability of the project. Finally, based on actual cases, this paper verifies the practicability and effectiveness of the proposed optimal management and risk analysis methods by comparing the effects of different financial management and equipment procurement strategies. Through these studies, this paper aims to provide useful reference for investors, managers and decision makers of new energy photovoltaic power generation projects, and promote them to make more scientific and reasonable financial management and equipment procurement decisions in the process of project implementation.

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Publication Details

Journal
Renewable Energy and Power Quality Journal
Published
2024-08-12
DOI
https://doi.org/10.52152/4047
Primary Topic
Technology Assessment and Management
Type
article
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article

Financial Optimization Management and Equipment Procurement Risk Analysis of New Energy Photovoltaic Power Generation Project

Fei Li
Renewable Energy and Power Quality Journal
Technology Assessment and Management
article

Financial Optimization Management and Equipment Procurement Risk Analysis of New Energy Photovoltaic Power Generation Project

Fei Li
article en

Abstract

As renewable energy gains momentum and energy structures evolve, photovoltaic power generation projects assume greater significance in the energy sector. This paper aims to explore financial optimization strategies and procurement risks in new energy PV projects, offering countermeasures. Firstly, an in-depth study of PV project finance reveals potential issues during operation. Cost control, income optimization, and capital management strategies are proposed to ensure economic viability and long-term profitability. Secondly, a systematic analysis of equipment procurement risks in PV projects considers factors like market volatility, technological advancements, and supply chain challenges. Comprehensive risk management measures are put forward to mitigate these risks. These measures cover supplier selection, contract management, technical monitoring and other aspects, aiming at minimizing the uncertainty in the procurement process and ensuring the equipment quality and reliability of the project. Finally, based on actual cases, this paper verifies the practicability and effectiveness of the proposed optimal management and risk analysis methods by comparing the effects of different financial management and equipment procurement strategies. Through these studies, this paper aims to provide useful reference for investors, managers and decision makers of new energy photovoltaic power generation projects, and promote them to make more scientific and reasonable financial management and equipment procurement decisions in the process of project implementation.

Renewable Energy and Power Quality Journal
Shanxi University of Finance and Economics (CN)
Openalex Percentile: Top 80%
Technology Assessment and Management
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Financial Optimization Management and Equipment Procurement Risk Analysis of New Energy Photovoltaic Power Generation Project — Fei Li · Renewable Energy and Power Quality Journal (2024) | TGRS Research Map | TGRS