The Private Financing Advisory Network (PFAN), a global network of climate and clean energy financing experts, recently launched its program in Thailand, one of the leading clean energy markets in Southeast Asia.
PFAN organized a networking event on 18 July 2019 in Bangkok to introduce the program to stakeholders including venture capitalists, financial leaders, climate and energy experts, donors and government agencies. PFAN was represented by Patrick Nussbaumer, PFAN Program Manager, United Nations Industrial Development Organization (UNIDO); Peter du Pont, PFAN Asia Regional Coordinator; and Itty Varugis, PFAN Thailand Country Coordinator. Nicholas Weeks, Chargé d’Affaires of the Swedish Embassy in Thailand provided an overview of how Sweden’s national climate policy reflects its social trends.
More than 50 attendees heard first-hand how PFAN uses its network of experts to provide mentoring and investment facilitation to entrepreneurs developing climate and clean energy projects. Three innovative Thai start-ups—Talad Holdings, GEPP SA-ARD, and Enapter—as well as Kasikorn Bank, one of Thailand’s largest banks, collectively demonstrated how matching game-changing technologies to out-of-box financing instruments can spark innovation and scale-up.
Speaking at the launch, Itty Varugis, Thailand Country Coordinator, PFAN, said, “Climate Change will generate new technologies and produce several unicorns in the next decade. There is no better place to find these types of companies and investments than through the PFAN Network.”
PFAN has mobilized USD 1.45 billion of private investment in renewable energy and energy efficiency start-ups in Asia, Africa, Latin America and the Caribbean over the last decade. It has 175 experts in over 40 countries, and strategic partnerships with 44 national and regional organizations across the globe. PFAN experts provide one-on-one coaching to selected projects; and vet them for economic viability, environmental sustainability and social impact.
Commenting on investment facilitation by PFAN, Peter du Pont, PFAN’s Asia Regional Coordinator, said: “PFAN is aggressively pursuing its goal of increasing deal flow three-fold by 2022, to an annual investment level of up to USD 250 million annually across Asia, and $700 million globally. We were very encouraged by the launch in Thailand, and the positive response among the Thai investment, energy, and climate communities.”
With the Thailand launch, PFAN now has an active presence in 13 countries in Asia: Bangladesh, Cambodia, India, Indonesia, Laos, Malaysia, Nepal, Pakistan, Myanmar, the Philippines, Sri Lanka, Thailand and Vietnam. PFAN supports projects in a further 15 Central, South, East and Southeast Asian countries, as well as in another 94 countries in Africa, the Caribbean, Central America and the Pacific. Browse this website to learn more about PFAN and its initiatives. For further information and any queries, please contact firstname.lastname@example.org.