Project Development & Financing Workshop for Asia Forum for Clean Energy Financing (AFCEF-4)
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-4) business plan competition.
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 AFCEF-4 business plan competition on 28 February 2014 in Singapore which seeks to match promising clean energy projects from Asia with investment and financing.
Eighteen projects to be implemented in India (6), Vietnam (3), Philippines (2), Bangladesh (1), Cambodia (1), Nepal (1), Sri Lanka (1), Thailand (1) and Asian region (2) were short-listed to participate in the CTI PFAN AFCEF-4 process after a regional call for proposals for renewable and clean energy projects launched in July 2013, which attracted over 50 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 financing 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 1.1 million tonnes of CO² equivalent per annum.
In the interactive project presentation session at the Workshop, project developers received expert feedback and advice on their projects with particular focus on:
a. revenue model
b. ability to scale
c. attractiveness/ value proposition to prospective investors
d.risks and mitigation
The hands-on feedback and guidance in the group context provided project developers with a direction for the next step forward leading up to the Forum and an understanding 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. It also provided a useful forum for the developers to interact among themselves and benefit from the views of the other participants from many countries working on different but related technologies.
In all, the Workshop was attended by 45 participants including the short-listed project developers, coaches, investors, organizers and observers.
AFCEF-4 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) and Impact Investment Exchange (IIX).
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).
Comments provided by participants at the Workshop:
“Immense help in dovetailing entrepreneur models with finance models. Helps in realizing returns from technology & financing & management. ” – Mr. Mahendra Man Singh, Founder/ Managing Director of TMB-Energietechnik, Nepal
“CTI has brought together a surprising range of business models, both in terms of maturity and approach. This was a great opportunity to learn from each other as well as from an excellent selection of coaches. ” – Mr. Brian Edlefsen Lasch, Consultant of SOLshare, Bangladesh
“CTI has a great program for bridging clean energy developers with financing. This allows the project to succeed. ” – Mr. Aboy Castro, CleanTech Global Renewables Inc., the Philippines