The Research on the Assessment of China Wind Power Enterprise Financial Risk Based on a Principal-component Model

摘要

Wind power is currently the mainstream of China's new resource exploitation, but the excessively fast development pace has brought companies growing risk. So it's necessary to study the method how to evaluate the financial risk of wind power enterprise. In this paper, through financial risk analysis, 12 key financial indicators were selected out to build a principal component model. And it got three principal-component comprehensive parameters, which respectively reflecting the funding risk, investment risk and risk of development. Case study has achieved very satisfactory results, indicating that the model is a good way to evaluate the financial risk of wind power companies.