Projects Proposals Invited for Clean Energy Financing Competition

CTI PFAN is now accepting proposals from the Asian Region for participating projects in the Business Plan Competition for Clean Energy Financing (AFCEF-5) as it seeks to nurture entrepreneurs, start-up and existing companies, project teams and consortia with environmentally beneficial business proposals with the aim of linking them with investment and finance.  Earlier this year, a panel of independent judges selected the VinaForest biomass project in Vietnam, as the winner of the CTI PFAN Asia Clean Energy Financing Awards.

CTI PFan – request for projects

CTI PFAN is now accepting proposals from Asian Region for participating in the AFCEF-5 Business Plan Competition

Asia Forum for Clean Energy Financing (AFCEF-5) seeks to nurture entrepreneurs, start-up and existing companies, project teams and consortia with environmentally beneficial business proposals with the aim of linking them with investment and finance and making them happen.

Applications for AFCEF-5 Business Plan Competition must now be received by midnight (Japan Time) on Thursday, 24th July 2014. Find out more on the criteria, application process, and timeline in the adjacent document titled AECEF-5_Competition_Guidelines.

Once you are short-listed for the AFCEF-5 Business Plan Competition, you will receive coaching from professional experts, who will help you to create a financially, socially and environmentally viable business plan. With this enhanced business plan, which should be well received and ready for action, you can stand before investors with full confidence.

After the coaching process, the Finalists selected from the short-listed projects will be invited to the Financing Forum in Singapore to be held on 6th February 2015, where there is an opportunity to present the business plan to invited investors to source the financing that is required. In addition, a panel of judges, made up of investors, industry specialists and business executives who have a keen interest in enabling cleaner and greener projects will select the best projects for award of the CTI PFAN Asia Clean Energy Financing Awards. Through this forum, it is our aim to facilitate a marriage between entrepreneurs, their ideas and projects and investment. So take your ideas to the next level and grab this opportunity to see your business proposals transform into business reality.

AFCEF-5 is being sponsored by the Climate Technology Initiative (CTI), the CTI Private Financing Advisory Network (CTI PFAN), the U.S. Agency for International Development (USAID), USAID Private Financing Advisory Network-Asia program (PFAN-Asia) and the Energy for All Program (E4A) of the Asian Development Bank (ADB) with support from the International Center for Environmental Technology Transfer (ICETT).

It will be organized in cooperation with Dawn Consulting, CleanEnergy Solutions International (CSI), PPL International, the Sustainable Energy Association of Singapore (SEAS) and Impact Investment Exchange (IIX).

Singapore (February 28, 2014) – Ten clean energy projects that could reduce greenhouse gas emissions across Asia by over 400,000 tonnes CO2 e p.a., were presented to investors in Singapore at the CTI PFAN ASIA FORUM FOR CLEAN ENERGY FINANCING (AFCEF-4).

More than 100 financiers, clean energy experts and representatives of financial institutions from across Asia and overseas were in attendance. The Forum was organized by 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 projects and investors.

“CTI PFAN is a creative approach to facilitating access to private capital markets to finance and implement clean energy and other environmentally sound projects, ” said CTI Manager, Mr. 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 221 clean energy projects across Asia, Africa, Latin America and CIS & Central Asia. Globally, CTI PFAN has raised over USD 541 million of investment for 44 clean energy projects and contributed to the establishment of annual greenhouse gas (GHG) mitigation of 2 million tonnes CO2 e. In Asia, USD 350 million has been raised for 27 projects with a potential reduction of GHG emissions by over 915,000 tonnes CO2 e p.a.

The project portfolio showcased at the Forum features a total aggregate investment volume in excess of USD 164 million, spanning technologies such as biomass, hydro, solar, wind, biogas and energy access initiatives developed by entrepreneurs and companies from India, Vietnam, Philippines, Nepal and Thailand.

From the 10 showcased projects, a panel of independent judges selected D&G Vietnam Co., Ltd (VinaForest), biomass project in Vietnum, as the winner of the CTI PFAN Asia Clean Energy Financing Awards. As runners-up, CleanTech Global Renewables Inc., mini-hydro project in the Philippines, and Invictus Solar Power Pvt Ltd, solar project in India, were selected. For investors, AFCEF-4 was a compelling opportunity to access a select group of investment-ready clean energy projects with attractive potential returns, and verified environmental and development benefits.

Source: www.cti-pfan.net