Project Development & Financing Workshop for Asia Forum for Clean Energy Financing (AFCEF-3)
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-3) on 9 November, 2012 in Singapore.
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 the CTI PFAN Asia Forum for Clean Energy Financing (AFCEF-3), which seeks to match promising clean energy projects from Asia with investment and financing, scheduled on 22 February 2013 in Singapore.
18 projects coming from India (7), Philippines (4), Indonesia (2), Thailand (2), Tonga (1), Bangladesh (1), and Cambodia (1) were short-listed to participate in the CTI PFAN AFCEF-3 process after a regional call for proposals for renewable and clean energy projects launched in July 2012, which attracted over 41 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 an investment for deployment of a range of clean and renewable technologies including biomass, hydro, waste to energy, solar, clean transport, wind, biogas, and rural electrification. Together these projects have an estimated combined GHG emission reduction potential of over 2 million tonnes of CO² equivalent per annum.
During the Workshop the project developers received expert inputs and advice on:
– how to prepare and present an investor pitch;
– expectations and requirements of investors and bankers; and
– the key elements of a successful business plan
The aim of the Workshop was to provide project developers with an understanding of the expectations and requirements of different investor types and the requisite tools and information to prepare bankable business plans, and to offer the opportunity for starting the one-on-one coaching leading up to the ensuing AFCEF-3 Forum. It also provided a useful forum for the Developers to interact mutually among themselves and benefit from the views of the other participants from many Countries and working on different but related technologies.
Other highlights of the Workshop included:
– Keynote Address from Ms. Kavita Gandhi, Executive Director of Sustainable Energy Association Singapore (SEAS)
– Introduction & Overview of CTI PFAN from Mr. Charles Cole Navarro, CTI PFAN Country Coordinator for the Philippines
– Presentation & Input from Mr. Ed Douglas, Executive Director of Armstrong Asset Management
– Presentation & Input from Mr. Hariharan and Ms. Radha Rao, Senior Vice Presidents of State Bank of India
– Presentation & Input from Mr. Nagaraja Rao, CTI PFAN Regional Coordinator for AFCEF-3
In all, the Workshop was attended by 45, including project developers, coaches, speakers for an investor and a financial institution, organizers and observers. Project developers include the short-listed Promoters for the AFCEF-3 Forum as well as a couple of less advanced, but viable projects submitted under the call for proposals which have been identified for longer term development and may be inducted into the CTI PFAN development pipeline for ongoing support and advice.
AFCEF-3 is sponsored in Asia 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 ReEx Capital Asia.
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).
For more information on CTI PFAN programme, please contact our Global Coordinator, Peter Storey, at email@example.com.
Comments provided by participants at the workshops:
“The event helped me understand better what investors and bankers are looking for when evaluating projects they are considering funding. This will help me a lot in making sure I communicate the details about my project in a way that makes sense to them and hopefully allow them to clearly and more easily see why my project deserves their support and money.” James Winstead, Manager, Dominion Clean Energy Systems LLC, Philippines
“Working on the elevator pitch has already helped me in my communications with potential employees, partners and clients on our project. The quality of our coaching is great, and he pushes us to be better which can only make our project that more successful. I’m grateful for this type of event by CTI.” David Taumoepeau, Executive Specialist, Mana Fuel, Kingdom of Tonga
“Thank you for CTI for organizing this important workshop that can be find out the most promising projects for reducing the GHG as well as CO2. In particular Asian countries are facing big environmental problems and therefore CTI is important tools for every country.” Shin Imai, Vice President, Jissen Kankyo Kenkyusho Co., Ltd., Japan