Solar & Hydro Projects With Winning Potential for Investors

Shri Shakti Alternative Energy of India and River Gen Mini Hydro project in Indonesia were seen as two clean energy projects with the greatest potential at a funding conference in Singapore last month, but altogether ten projects were presented to potential investors, all very promising to contribute significantly to greenhouse gas reductions in Asia. Read More

On 22 February, ten clean energy projects that could reduce greenhouse gas emissions across Asia by nearly 1.1 million tonnes CO2 e p.a. year, were presented to investors in Singapore at the CTI PFAN Asia FORUM for CLEAN ENERGY FINANCING (AFCEF-3).

While all won recognition and the opportunity to seen as potential targets for investors, two were selected by the judges as the best of the best.  They were Shri Shakti Alternative Energy of India – -  and River Gen Mini Hydro project in Indonesia.

More than 100 financiers, clean energy experts and representatives of financial institutions from across Asia and overseas participated in the Forum. The meeting was organized by the Climate Technology Initiative’s Private Financing Advisory Network (CTI PFAN), a global multilateral initiative dedicated to connecting clean energy businesses with financing and “bridging the gap” between clean energy project developers and investors.

“By matching project developers from around the region with investors, this forum helps make projects happen and increases the flow of investment into developing clean energy markets in Asia” said Peter Storey (CTI PFAN Global Coordinator).

The projects showcased at the Forum, with a total aggregate investment value in excess of USD 297 million, included bio fuels, solar, biogas, waste to energy initiatives developed by entrepreneurs and companies from India, Thailand, Philippines, Cambodia, Bangladesh and Indonesia.

“What is so exciting about the CTI PFAN programme is that it is not about process, but instead is facilitating the implementation of real projects, having not only economic returns, but social and environmental benefits as well” said CTI PFAN Manager, Elmer Holt.

CTI PFAN screens business plans, selects the most economically viable and environmentally beneficial projects, and provides multiple rounds of coaching and guidance before projects are presented to investors. CTI PFAN is now working on more than 164 clean energy projects across Asia, Africa and Latin America. Globally, CTI PFAN has raised over USD 432 million dollars of investment for clean energy spread over 38 projects.

From the 10 showcased projects, a panel of independent judges selected RiverGen, mini-hydro projects in Indonesia, and Shri Shakti Alternative Energy Pvt. Ltd., a solar park project in India as the joint winners of the CTI PFAN Clean Energy Financing Awards. For investors, AFCEF-3 was a great opportunity to access a select group of clean energy projects with high profit potential, verified environmental and development benefits, which are ready for investment. It also provided a unique networking forum for Asia’s clean energy entrepreneurs.

Nagaraja Rao, Regional Coordinator-AFCEF3, said “CTI PFAN is providing a vital link between investors and project developers and this forum is ideally tailored to creating deal flow for clean energy investors in Asia”.

“The key to a successful realization of this growth lies in the bankability of these projects that demonstrate the high quality investment potential due to their scalability and the dilution of risks. These are the kinds of projects that have been handpicked and coached for the AFCEF-3. Singapore is proud to have established itself as Asia’s financial hub and thus a great location for financing platforms such as AFCEF- 3”said the Chairman of SEAS, Mr. Edwin Khew.

AFCEF-3 is sponsored by the Climate Technology Initiative (CTI) and its Private Financing Advisory Network (CTI PFAN), the United States Agency for International Development (USAID), the Energy for All Program of the Asian Development Bank (ADB) and the International Center for Environmental Technology Transfer (ICETT) and is co-organized by the Dawn Consulting, Clean Energy Solutions International (CSI), PPL International, Economic Development Board of Singapore, 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 UN Framework Convention on Climate Change’s Expert Group on Technology Transfer.

CTI PFAN Pilot Programme for Financing Adaptation related Climate Change Projects

Developing countries will experience some of the worst impacts of climate change and given the constraints on the availability of public sector resources, it is generally accepted that significant private sector financing will be required to play a role in addressing many of the challenges of adaptation.

CTI PFAN’s Pilot Programme for Financing Adaptation related Climate Change Projects seeks to identify promising projects which have the capability of raising private sector financing. Selected projects will be offered free professional advice on project development and structuring and will be connected with investment through CTI PFAN’s global investment networks. The best projects will also be showcased at an Investor Forum to be held later in 2013.

Project Eligibility

CTI PFAN seeks project proposals that are financially and technically viable, environmentally beneficial, socially responsible and meet the CTI PFAN adaptation criteria:

Adaptation related projects are those that help reduce the vulnerability of human and natural systems to the current and future impacts of climate change and climate-related risks, increasing or maintaining adaptive capacity and resilience in the targeted regions and countries through investment for project implementation.

There are no sectorial exclusions but projects in the following sectors will be targeted for selection:

• Agriculture & Agri-business

• Water and Sanitation

• Tourism

• Urban Adaptation

• Micro-finance and Micro-Insurance

• Energy & Access to Energy (Climate Proofing of Energy Generation & Supply)

• Forestry & Eco-system Services

• Adaptation Products & Services

Eligible projects include proposals by:

• Companies, Individuals or Legal Persons

• Public Private Partnerships

• Municipalities, Local Authorities & Government Agencies

• NGOs

Only business opportunities that require total (initial) capital in excess of US$1 million (or currency equivalent) will be considered. Applications from projects in all Sub-Saharan African countries will be consideredwith priority being given to projects from Mozambique,South Africa,Kenya, Uganda,Ghana and Senegal.

Project Selection

Up to 20 projects will be selected to participate in the Pilot Programme. Project selection is expected to occur by end of June 2013. Projects will be evaluated and selected according to the following criteria:

Submission of Application

Applications consist of a completed application form together with a Project Proposal Document and a Project Data Sheet and must be submitted by midnight (CAT) Tuesday 30 April 2013 to CTI PFAN Adaptation Coordinator,

About CTI PFAN & the Organisers

The CTI PFAN Pilot Programme for Financing Adaptation Related Projects is sponsored by the Climate Technology Initiative (CTI)and the U.S. Agency for International Development (USAID), with support from the InternationalCenter for Environmental Technology Transfer (ICETT).

In climate change mitigation, CTI PFAN has successfully raised over USD 438 million of private sector investment and financing for 38 projects, representing over 321 MW of clean generation capacity and 1.9 million tonnes of CO2 e reduction pa. The Pilot Programme for Financing Adaptation related projects is designed to transfer the CTI PFAN methodology for mitigation projects and accelerate the deployment of private sector finance for climate change adaptation projects.


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