CTI PFAN AFCEF-6 Project Development & Financing Workshop
CTI PFAN organized a Project Development & Financing Workshop for the short-listed projects participating in this year’s CTI PFAN Asia Forum for Clean Energy Financing (AFCEF-6) business plan competition
Bangkok: September 2, 2015 – The CTI PFAN Project Development & Financing workshop for AFCEF-6 was designed to provide expert inputs from professional advisors, clean energy investors and commercial banks to the selected project developers on the development and structuring of their projects and the preparation of bankable business plans and investor pitches. The Workshop marked the beginning of intensive one-on-one coaching that the selected project developers will receive over the next 5 months from CTI PFAN advisors to prepare their projects and business plans to be showcased to targeted investors at AFCEF-6 business plan competition on 29 January 2016 in Singapore which seeks to match promising clean energy projects from Asia with investment and financing.
Twenty projects to be implemented in India (7), Sri Lanka (3), Philippines (3), Indonesia (3), Vietnam (2), Thailand (1) and Cambodia (1) were short-listed to participate in the AFCEF-6 process after a regional call for proposals for renewable and clean energy projects launched in May 2015, which attracted numbers of proposals from around Asia. The projects were selected on the basis of their commercial viability, stage of maturity and interest for investors as well as their potential to produce clean energy sustainably and reduce GHG emissions, while achieving other environmental and developmental benefits. The projects seek to raise financing for deployment of a range of clean and renewable technologies including hydroelectric, biomass, energy efficiency, solar, clean transport, distributed and off-grid generation. Together these projects have an estimated combined GHG emission reduction potential of over 938 K tonnes of CO² equivalent per annum.
In the interactive project presentation session at the Workshop, project developers received expert feedback and advice on their projects with particular focus on:
a. revenue model
b. ability to scale
c. attractiveness / value proposition to prospective investors
d. risks and mitigation
The hands-on feedback and guidance in the group context provided project developers with a direction for the next step forward leading up to the Forum and an understanding on how to prepare and present an investor pitch. It also provided a useful forum for the developers to interact among themselves and benefit from the views of other participants from many countries working on different but related technologies. In all, the Workshop was attended by 55 participants.
The Workshop participants learned at the investor panel discussion the exceptions and the requirements of investors and bankers, and what should be done to improve their business plan and achieve financial closure. Mr. Jetsada Chuenchoojit (Senior Investment Officer of PROPARCO) and Mr. Anthony Waring Chisnall (VP of Padaeng Industry PLC) were invited to share their views as investors, and the Workshop participants enjoyed an enlightening discussion.
Other highlights of the Workshop included (click the title to see their presetation slides):
・Recent successes of CTI PFAN from Mr. Daniel Potash, Chief of Party, PFAN-Asia
・Intorduction – ROPARCO by Mr. Jetsada Chuenchoojit, Senior Investment Officer of PROPARCO
・Introduction -PADAENG INDUSTRY by Mr. Anthony Waring Chisnall, VP of Padaeng Industry PLC
・Key Elements of a Successful Business Plan by Mr. Nagaraja Rao, CTI PFAN AFCEF-6 Coordinator
・Summary feedback by Mr. Peter Storey, CTI PFAN Global Coordinator
AFCEF-6 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 Japanese Ministry of Economy, Trade and Industries (METI) and the International Center for Environmental Technology Transfer (ICETT). It is organized in cooperation with Dawn Consulting, CleanEnergy Solutions International (CSI), PPL International, the Sustainable Energy Association of Singapore (SEAS), Impact Investment Exchange (IIX) and Full Advantage.
CTI PFAN is a multilateral, public-private partnership initiated by CTI in cooperation with the Expert Group on Technology Transfer (EGTT) of the UN Framework Convention on Climate Change (UNFCCC).