The 7th Asia Forum for Clean Energy Financing (AFCEF-7) was held on 10 Feb 2017 in Singapore
Singapore (February 10, 2017) – Twelve clean energy projects across Asia were presented to investors in Singapore at the CTI PFAN Asia Forum for Clean Energy Financing (AFCEF-7)
More than 80 financiers, clean energy experts and representatives of financial institutions from across Asia and overseas were in attendance. The Forum was organized by Climate Technology Initiative’s Private Financing Advisory Network (CTI PFAN), a global multilateral initiative dedicated to connecting clean energy businesses with financing and “bridging the gap” between clean energy projects and investors.
“CTI PFAN is a creative approach to facilitating access to private capital markets to finance and implement clean energy and other environmentally sound projects,” said CTI PFAN Manager, Mr. Michael Rantil.
CTI PFAN screens business plans, selects the most economically viable and environmentally beneficial projects, and provides multiple rounds of coaching and guidance before projects are presented to investors. CTI PFAN is now working on more than 358 clean energy projects across Asia, Africa, Latin America and CIS & Central Asia. Globally, CTI PFAN has raised over USD 1.2 billion of investment for 87 clean energy projects and contributed to the establishment of annual greenhouse gas (GHG) mitigation of 2.6 million tonnes CO2 e.
The project portfolio showcased at the Forum features a total aggregate investment volume in excess of USD 145 million, spanning technologies such as solar, biogas, bio-fuels, hydroelectric, waste to energy, energy efficiency, thermal power and distributed & off-grid generation developed by entrepreneurs and companies from Cambodia, India, Indonesia, Nepal, Philippines and Vietnam.
From the 12 showcased projects, a panel of independent judges selected Fourth Partner Energy, Rooftop Solar Systems (off-grid & on-grid) project in India, as the winner of the CTI PFAN Asia Clean Energy Financing Awards.
As first runner-up, PT. Entec Indonesia, Banea Small Hydro Power Project in Indonesia was selected.
As second runner-ups, ATEC Biodigesters International, Scaling up ATEC Biodigesters in Southeast Asia project and Kamworks Ltd., Kamworks PAYGO Solutions project in Cambodia were selected.
Mr. Andrew Mark Hayton of PT. Entec Indonesia said, “Participating in the AFCEF provided us the platform and the incentive to systematically prepare a business plan for our project. Without this challenge I doubt whether we would be as advanced with our project preparation as we currently are. It has been an excellent opportunity to work with experts in solidifying our project proposal and bringing it to the next stage.”
Mr. Amitabh Tandon of Transtech Green Energy said, “CTIPFAN business plan competition is a great event that nurtures and builds your clean energy project and presents it to prospective investors in a serious and bankable manner. Their coaching and help during the business plan build up is very helpful, preparing you well to present your investment pitch and business plan in a serious environment to interested Investors.”
For investors, AFCEF-7 was a compelling opportunity to access a select group of investment-ready clean energy projects with attractive potential returns, and verified environmental and development benefits.
“It was a wonderful day and I learned so much. PFAN is such an enthusiastic and engaged group. I want to thank all our partners for their support in this event. Mentorship and business plan competition have always main tools of PFAN activities so I take this opportunity to announce two call for proposals that is being launched through PFAN-Asia. One is for women-led clean energy projects or businesses. PFAN-Asia is also launching a call for proposals for smart solutions for adaptable and communities and cities. I look forward to learning how many investments have gone forward for these 12 finalists which were showcased at the Forum as USAID continues our commitment to policy development and planning in the energy sector,” said Ms. Beth Paige USAID Regional Development Mission for Asia.
AFCEF-7 is sponsored by the Climate Technology Initiative (CTI), the CTI Private Financing Advisory Network (CTI PFAN), the U.S.Agency for International Development (USAID) and the Energy for All Program of the Asian Development Bank (ADB) with support from the International Center for Environmental Technology Transfer (ICETT). It is organized in cooperation with Dawn Consulting, CSi Energy Solutions International (CSI), PPL International, the Sustainable Energy Association of Singapore (SEAS), Impact Investment Exchange Asia (IIX) and Renewable Energy and Energy Efficiency Partnership (REEEP).