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  • CTI PFAN Africa Climate Change Investor Forum

CTI PFAN Africa Climate Change Investor Forum

Introduction

The project development and financing forum for the climate change adaptation projects was held in Johannesburg on 12th November, 2014. The forum included the business plan competition and an award giving ceremony which was followed by a wrap up and networking session.

The workshop provided a platform to have project idea presentations and pitching with limited amount of time with no room for error. This was followed by a question and answer session between the project developers and the judges who are experts in their fields. The judges had a break out session away from the main forum during which they evaluated each presenter and came up with the winners. In the meantime, the rest of the participants had a chance to listen to the elevator pitches and the banner display session where everyone had a chance to interact freely with each of the presenters and have a one on one consultation for clarification on the project ideas.

The workshop was sponsored by the Climate Technology Initiative Private Financing Advisory Network (CTI PFAN), the U.S. Agency for International Development (USAID) and the Renewable Energy & Energy Efficiency Partnership (REEEP) with support from the International Center for Environmental Technology Transfer (ICETT). Co-Organizers include Development Bank of Southern Africa (DBSA), East African Development Bank (EADB), Rural Electrification Agency of Uganda (REA), South African National Energy Development Institute (SANEDI), the Private Sector Foundation Uganda (PSFU), Tanzania Renewable Energy Association (TAREA), Energy Private Developers Association of Rwanda (EPD) The Private Sector Federation of Rwanda (PSF), the Development Bank of Ethiopia (DBE), the Greening Kenya Initiative (GKI), the Green Knowledge Institute (GKI) and African Development Bank (AfDB) through its Sustainable Energy Fund for Africa (SEFA). PPL International was at the core of management of the Forum on behalf of the Sponsors and Co-Organizers.

The purpose of the forum was to identify and nurture entrepreneurs, start-up companies and existing companies with promising clean energy projects by linking them with investors and financiers. The well prepared project developers have received free mentoring to help them polish their business plans, develop convincing investment pitches, and formulate a commercially, financially, socially and environmentally viable growth strategy that has significantly enhance the possibility of obtaining financing.

Objectives of the Workshop

  • Create and promote the CTI PFAN network effect between the selected project developers, the coaches, investors and the organisers.
  • Provide platform for the project developers with the requisite tools and information to get the most out of the business plan competition and a chance to showcase their business case to investors.
  • Create confidence among the semi finalist in dealing with investors and help them assimilate the language of investment.
  • Provide first-hand information to the coaches and organisers of AFRICEF3 as to the respective development status of the shortlisted projects, identifying areas of strength and weakness to be addressed through the coaching process.

 

Overview of Proceedings – 12th November, 2014 Africa Climate Change Investor Forum

The opening of the forum and welcoming address was done by Mark Redwood, the Programme Manager for International Development Research Centre (IDRC). The head of research at the UNEP collaboration centre at the Frankfurt School, Mr. Ulf Moslener gave a keynote address on global challenges and opportunities for climate change adaptation. Mr. Peter Storey, the glbal coordinator for CTI PFAN closed the introductory session with pointers on CTI PFAN.

The next session was on presentations from the semifinalist who were allotted 10 minutes presentation followed by 10 minutes constructive criticism, advice and comments from investor panel/floor participants. The judges in the first session included Anthony Mills, Maximilian Pichulik, Duncan Onyango and Jason Schaeffler. The second session had the judges’ bench filled by Jason Schaffler, Kershni Maharaj, Benito Grimuado and Mike Goldblatt.

The business plan competition kicked off with Anthony Mills, Duncan Onyango, Kershini Maharaj, Maximillan Pichulchik, Benito Grimaudi and Mike Goldblatt seated on the judges table. The CTI PFAN Adaptation Coordinator, Mr. Thaven Naidoo made an introduction and process of the session. Each finalist was allotted 15 minutes for the presentation which was followed by 10 minute question and answer with the judges. After all the presentations by the finalist, the judges had a breakout session where they went to a separate room to deliberate on the winners of the business plan. During that time, the rest of the participants had several elevator pitches presented to them and they had a question and answer session. This was followed by a banner session where the participants had a chance to move around each banner per project, and make inquiries to the project developers individually.

The event was wrapped up with the awards ceremony and a cocktail and networking session to celebrate the winners. Please find program in annex 1

Project Developers Summary

There were 10 project developers in the in the climate change (adaptation program) forum with 6 of them being finalist and 4 being semifinalist. The renewable energy technologies represented include biomass, green buildings, farming and clean water. Countries represented were Senegal, Kenya, Uganda, Mozambique, South Africa, Namibia and Ethiopia. Kindly see a summary below: (for bigger chart, please refer to attached annex 3)

Conclusion

There was satisfaction from all participants that the objectives were met. The deliverables and timelines that were set and agreed upon by all stakeholders involved were met. Kindly find participants list attached in annex 2 It was a good platform for project developers to interact with investors and other experts in their field. There was great cooperation from the organizer, coaches, project developers and invited guests. Special recognition for efforts and input from Rural Electrification Agency (REA), South African National Energy Development Institute (SANEDI), International Development Research Centre (IDRC) and all the judges that participated in the forum are highly appreciated.

Document 1 : Annex1_Climate Change Investor Forum Agenda.pdf

Document 2 : Annex2_Climate Change Project summaries.pdf

Document 3 : Annex3Chart.pdf

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