The 6th Asia Forum for Clean Energy Financing (AFCEF-6) was held on 29 Jan 2016 in Singapore
The Next Generation of Clean Energy Projects in Asia
Singapore (January 29, 2016) – Ten clean energy projects that could reduce greenhouse gas emissions across Asia by over 900,000 tonnes CO2 e p.a., were presented to investors in Singapore at the CTI PFAN ASIA FORUM FOR CLEAN ENERGY FINANCING (AFCEF-6).
More than 90 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 PFAN Manager, Mr. Michael Rantil.
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 302 clean energy projects across Asia, Africa, Latin America and CIS & Central Asia. Globally, CTI PFAN has raised over USD 802 million of investment for 68 clean energy projects and contributed to the establishment of annual greenhouse gas (GHG) mitigation of 2.6 million tonnes CO2 e.
The project portfolio showcased at the Forum features a total aggregate investment volume in excess of USD 170 million, spanning technologies such as biomass, solar, clean transport and energy efficiency initiatives developed by entrepreneurs and companies from India, Philippines, Indonesia, Thailand and Cambodia.
“I believe this Forum, AFCEF plays a very important role in diffusing the effective technologies to prevent global climate change by serving as the platform to connect investors and project developers in emerging countries” said Mr. Takashi Kawabata of METI, Japan.
From the 10 showcased projects, a panel of independent judges selected Synergy Efficiency Solutions, Energy Efficiency project in Indonesia, as the winner of the CTI PFAN Asia Clean Energy Financing Awards. As runners-ups, NRG Solutions, solar energy project in Cambodia, Bermaco Integrated Green Power Projects Ltd., biomass project in India and Prakti, biomass cook stove project in India were selected. For investors, AFCEF-6 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.
AFCEF-6 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 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 Asia (IIX) and Renewable Energy and Energy Efficiency Partnership (REEEP).
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.