大型綠能開發案對台灣綠色金融發展的影響──從風險管理與保險規畫的角度分析

The Impact of Large-scale Green Energy Projects on Development of Green Finance in Taiwan: The Risk-management and Insurance Planning Perspectives

相較於一般傳統基礎建設的成熟經驗，由於大型綠能開發案具有複雜及多元化的介面風險與較高興建困難度的特性，且國內融資機構過去缺乏專案融資能力與經驗，因此必須有一套完整的風險管理與保險規畫配合，才能同時保障開發業者與融資機構的財務安全，以讓台灣綠色金融能在一個安定的環境下健全發展。本文將從政府推動在2025年之前達成20％綠能產業占比目標的現況，以及目前大型綠能開發案所碰到的障礙，分析如何以高標準的風險管理方式及完整的保險規畫，建構一套標準風險控管基本作業程序，才能將開發專案風險降至最低。最後，本研究也提出如何提升國內綠色金融專案融資能力與經驗，以及如何開發與創新金融工具的潛在機會，以強化國內金融業者對綠能產業風險控管與風險承擔能力。

Compared to traditional infrastructure projects, development of large green energy projects involves complicated, multiple interface exposures and highly difficult characteristics during the construction phase. In addition, in the past domestic financial institutions have the lacked capacity and experience to finance such projects. Therefore, comprehensive risk management and insurance planning is necessary to safeguard financial security for both developers and financing parties. This paper will review developments since the government set the target of 20% market share for the Green Energy sector by 2025 and analyze the obstacles facing the development of large green energy projects. The study then designs a standard procedure of risk control using a highly standard risk management program and a comprehensive insurance plan to minimize exposures in developing green energy projects. Finally, to enhance risk control and risk retention capabilities for local financing parties in the green energy industry, the paper proposes measures for strengthening project financing capabilities and creating potential opportunities by using new financial products in the green finance sector.