PFAN organized the Project Development & Financing Workshop for AFCEF-7
Bangkok: Wednesday, 14 September 2016 – The Project Development & Financing workshop for AFCEF-7 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 PFAN advisors to prepare their projects and business plans to be showcased to targeted investors at AFCEF-7 business plan competition on 10 February 2017 in Singapore which seeks to match promising clean energy projects from Asia with investment and financing. Twenty projects to be implemented in India (11), Cambodia (2), Indonesia (2), Vietnam (2), Philippines (1), Nepal (1), Malaysia (1) were short-listed to participate in the AFCEF-7 process after a regional call for proposals for renewable and clean energy projects launched in April 2016, 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 Biomass, biogas, biofuels, solar, hydroelectric, waste to energy, energy efficiency, distributed and off-grid generation, and thermal energy.
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 51 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. Anant Prapasawad (Managing Director, Advanced Energy Plus Co., Ltd.), Mr. Ittiporn Intravisit (First Vice President, Kasikorn Bank) and Mr. Puree Earth Tantivisarut (Senior Investment Manager, DEG) joined in the discussion from investor side and and the Workshop participants enjoyed an enlightening discussion.
Other highlights of the Workshop included:
- Introduction & Overview of CTI PFAN by Mr. M K Balaji, Chief of Party of PFAN-Asia, and Mr. Taiki Kuroda, head of CTI Programme Secretariat
- Key Elements of a Successful Business Plan by Mr. Nagaraja Rao, CTI PFAN AFCEF-7 Coordinator
- Summary of Day’s Proceeding and Comments by Mr. Nagaraja Rao, CTI PFAN AFCEF-7 Coordinator
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 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.