CTI PFAN Asia Forum for Clean Energy Financing (AFCEF-5) 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-5) business plan competition.
Singapore: October 1, 2014 –The Workshop was designed by CTI PFAN to provide expert inputs to the selected project developers on the development and structuring of their projects and the preparation of bankable business plans and investor pitches from professional advisors, clean energy investors and commercial banks. The Workshop marked the beginning of intensive one-on-one coaching that the selected project developers will receive over the next 4 months from professional advisors to prepare their projects and business plans to be showcased to targeted investors at AFCEF-5 business plan competition on 6 February 2015 in Singapore which seeks to match promising clean energy projects from Asia with investment and financing.
Fifteen projects to be implemented in India (4), Nepal (3), Philippines (3), Bangladesh (1), Indonesia(1), Thailand (1), Mongolia(1) and Myanmar(1) were short-listed to participate in the CTI PFAN AFCEF-5 process after a regional call for proposals for renewable and clean energy projects launched in June 2014, 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 greenhouse gas 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 biomass, biogas, bio-fuels, wind, solar, energy efficiency, hydroelectric and waste to energy. Together these projects have an estimated combined GHG emission reduction potential of over 1.9 million 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:
- revenue model
- ability to scale
- attractiveness/ value proposition to prospective investors
- 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 the other participants from many countries working on different but related technologies.
Furthermore, we invited 3 guests, Mr. M K Baraji (Director of FE Clean Energy PTE LTD), Mr. Gary Zieff (Sr. VP Business Development of Annex Power) and Mr. Ivan Topalov (Accelerator Manager of LGT Venture Philanthropy), to participate in the active investor panel discussion and learned expectations and requirements of investors and bankers, and what should be done to improve their business plan and achieve financial closure.
Other highlights of the Workshop included:
- Introduction & Overview of CTI PFAN from Mr. Boonrod Yaowapruek, Clean Energy Finance Team Leader of PFAN-Asia
- Presentation on Overview on the Capital Market Landscape from Mr. Daniel Potash, Chief of Party of PFAN-Asia
- Review of Key Elements of a Successful Business Plan by Mr. Nagaraja Rao, CTI PFAN AFCEF-5 Coordinato
In all, the Workshop was attended by 51 participants including the short-listed project developers, coaches, investors, organizers and observers.
AFCEF-5 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, CleanEnergy Solutions International (CSI), PPL International, the Sustainable Energy Association of Singapore (SEAS) and Impact Investment Exchange (IIX).
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).
Comments provided by participants at the Workshop:
“I believe CTI is the perfect opportunity for entrepreneurs who have very good business ideas but don’t know how to take it successfully to investors.”
“CTI is a great initiative for providing financing for clean technologies. Great work by CTI”
“The event helped me gain a new perspective on the key strengths and weaknesses of our business pitch. Will definitely help in designing towards erection.”
Presentation datas are available as follows: