摘 要：风能产业目前成为了我国政府重点扶持的项目之一，近年来，受益于各项优惠政策，现阶段我国已有四十多家风力发电相关的上市公司，整机生产公司的上市融资总额已接近超过60亿元。目前，风电融资主要依靠银行贷款，但现在却有风电企业无法还清银行贷款的现象，令政府倍感头痛。由此可以看出，与庞大的融资规模相比而言，我们对于行业的融资风险的评估却少之又少。虽然国家政策扶持风电发展，但政策的不均衡带来隐性的政策风险也需要引起我们的注意。本文将主要通过数据和案例分析法，对风能产业链、融资风险问题进行分析，同时通过对一家风电产业的上市公司进行财务分析发现其中的问题。 

　　　若要健康、快速的发展风能产业，我们需要做的还有很多，不仅政府需要继续完善产业发展的法规与政策，企业自身也需要进行更加有效的改革和创新，对风电产业链进行整合及优化，以提高自身的抗风险能力。总体说来，虽然融资风险客观存在，但由于其绿色无污染的优势，风能的未来依旧是十分光明的。

关键词：风能产业；产业链；融资风险；政策风险

ABSTRACT：Wind power industry has become one of the key project supported by our government, in recent years, benefited from the various preferential policies, at present our country has been more than forty wind power related listed companies, the whole machine production company listed financing amount is close to more than $6 billion. At present, wind power financing mainly rely on bank loans, but now it has wind companies unable to pay off the bank loan, a headache for the government. Thus it can be seen that with large scale of financing, by contrast, our assessment of the risks of financing for industry are few and far between. Although state policies support the development of wind power, policy imbalance brings hidden risk also need to cause our attention. And case analysis, this article will mainly through data analysis of wind power industry chain, financing risk problems, at the same time of a wind power industry listed company financial analysis found the problems. 

If we want to develop wind power industry healthly and rapidly, there is still a lot we need to do, not only the government needs to continue to improve laws and regulations and policy of industrial development, the enterprise itself also needs to be more effective reform and innovation, for the wind power industry chain integration and optimization, to improve their ability to resist risks. Generally speaking, although the financing risk is objective existence, but because of its green pollution-free advantages, the future of wind power is still very bright. Keywords: Wind power；the industrial chain；financing risk；policy risk