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  • PFAN SUPPORTS MAJOR SOLAR ENERGY PROJECTS IN ASIA

PFAN SUPPORTS MAJOR SOLAR ENERGY PROJECTS IN ASIA

PFAN successfully collaborated with one of India’s premier solar power developers, Shri Shakti Alternative Energy Ltd (SSAEL), for a 100 MW solar park project in Rajasthan Province. SSAEL entered the PFAN program in 2013 through the annual business plan competition – The Asia Forum for Clean Energy Financing. As one of 75 companies in the AFCEF-3 competition, SSAEL quickly made a name for itself, impressing evaluators with its innovative approach and world-class team, eventually winning First Prize in the competition. While such competitions gives entrepreneurs an opportunity to hone their business plans through the engagement of highly-experienced PFAN mentors and investors, discussions with interested investors typically take place over a longer time horizon prior to investment. As the first prize winner of AFCEF-3, SSAEL continued to receive PFAN mentorship support after the competition, which, coupled together with PFAN’s continued engagement and broader recognition in the marketplace, enhanced SSAEL’s ability to secure a relationship with Tata Power Renewable Energy that mobilized up to $60 million of investment for a 50MW solar power project. Moving forward, PFAN will continue to serve an advisory role for SSAEL until the remainder of the Raj SPZ project is completed.

 

 

  

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Technology:
Energy Efficiency | Solar
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