Risk Assessment of Wind Power Investment Project Based on Matter-Element Extension Model

ABSTRACT

The prospect of China’s wind power industry is bright, but from the angle of investment, investment amount, operation and maintenance costs of wind power project are relatively high, at the same time, it is facing high policy risk and environment risk. Therefore, we should consider all kinds of risk factors to make appropriate risk management and control plan. Based on this, the paper analyzes the risk factors including risk of planning and construction, risk of finance and market, risk of management and operation, risk of environment and resources. And an assessment index system is obtained which can be applied to evaluate the risk level. Furthermore, the model of Matter-Element Extension is applied to quantify the risk of the project. Integrating the methods of the qualitative and quantification analysis, then it proposes a reasonable assessment about the risk factors of the project of wind power. Finally, it proves the methods and the model through the case of the project of wind Power. The results could help us improve the level of the management of the project of wind power, and bring down the risk of the project.

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