Feasibility study of new energy projects on three-level indicator system

With the rapid development of new energy industry, many new energy development projects are being carried out all over the world. To analyze the feasibility of the project. we build feasibility of new energy projects assessment model, based on the gathered abundant data about progress in new energy projects.12 indicators are selected by principal component analysis(PCA). Then we construct a new three-level indicator system, where the first level has 1 indicator, the second level has 5 indicators and the third level has 12 indicators to evaluate. Moreover, we use the entropy weight method (EWM) to get weight vector of the indicators in the third level and the multivariate statistical analysis(MVA)to get the weight vector of indicators in the second-class. We use this evaluation model to evaluate the feasibility of the new energy project and make a reference for the subsequent new energy investment. This could be a contribution to the world’s low-carbon and green development by investing in sustainable new energy projects. We will introduce new variables and improve the weight model in the future. We also conduct a sensitivity analysis of the model and illustrate the strengths and weaknesses.