Retraction Notice: 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. With the enhanced awareness of environmental protection and development of energy saving and emissions reduction, more and more people pay attention to the development of new energy. Compared with other new energy, wind energy, with relatively mature technology development, flexible investment, rich resources, has the good economic efficiency and social benefits, and is getting the support of numerous national and local governments. Thus wind power development becomes the focus of investment project developers. But we must also be clearly aware that China is still in the early stage of development of wind power, there is still a big gap between China and the developed countries. In the process of construction and operation, we will encounter a lot of risks, making it necessary to seek the countermeasures which can improve the project to obtain maximum social and economic benefits from the angle of risk analysis and control.