Why submit an application?

Do you have a great climate change adaptation or clean energy project, but have you had difficulty attracting investment? PFAN can help!

PFAN has worked with over 500 projects since its launch in 2006. To see examples of successful projects and read what the project developers thought of working with PFAN, see our success stories here.

What PFAN offers to your project
  • Free one-to-one coaching by climate and clean energy financing experts in your country or region: our experts know what investors look for and will help you structure and refine your business plan, and create a pitch that will get investors interested.
  • Free investment-readiness assessments: together with your coach, our dedicated Investment Facilitation Team will periodically review your project to see whether it is ready for commercial investment.
  • Personalised investor matchmaking services: once your project is investment-ready, the Investment Facilitation Team will provide introductions to investors.
  • The opportunity to participate in PFAN Investment Forums: the most promising projects will be invited to pitch directly to investors at a PFAN Investment Forum. These Forums also offer great opportunities to network with investors, other entrepreneurs and international experts. The best pitch at each Forum receives a PFAN Climate & Clean Energy Investment Forum Award.
  • Technical assistance and deal-making facilitation: once an investor has shown serious interest in your project, technical assistance can be provided if deemed necessary to move a deal forward. Your coach and the Investment Facilitation Team will support you throughout the deal-making process, to ensure you get the best investment deal for your project.

Eligibility criteria – Who can submit an application?

PFAN’s accepts applications for projects in low- and middle-income countries in Sub-Saharan Africa, South Asia, Southeast Asia, Pacific Islands, Eastern Europe and Central Asia, Central America and Caribbean Islands (see below for a full list of eligible countries).

To be eligible for PFAN support, your project or business must offer or use clean energy and/or climate change adaptation technologies, products or services, including, but not limited to, the activity areas below. PFAN is technology neutral, which means we do not prefer any climate or clean energy technology over any other.

Proposals should demonstrate that the project is commercially and technically viable, and requires no or only minimal grant funding. If your project currently receives grant funding or has done so in the past, that does not affect eligibility.

For more information about the selection and scoring criteria used by PFAN, click here.

Eligible countries

Sub-Saharan Africa:

Angola; Benin; Botswana; Burkina Faso; Burundi; Cabo Verde; Cameroon; Central African Republic; Chad; Comoros; Congo; Cote d’Ivoire; Democratic Republic of Congo; Djibouti; Equatorial Guinea; Eritrea; Ethiopia; Gabon; Gambia; Ghana; Guinea; Guinea Bisseau ; Kenya; Lesotho; Liberia ; Madagascar; Malawi; Mali; Mauritania ; Mauritius; Mozambique; Namibia; Niger; Nigeria; Rwanda; Saint Helena; Sao Tome and Principe; Senegal; Sierra Leone ; Somalia; South Africa; South Sudan; Sudan; Swaziland ; Tanzania; Togo; Uganda; Zambia; Zimbabwe.

The Caribbean:

Antigua and Barbuda; Bahamas; Barbados; Beliz; Cuba; Dominica; Dominican Republic; Grenada; Haiti; Jamaica; Montserrat; Saint Kitts and Nevis; Saint Lucia; Saint Vincent and the Grenadines; Trinidad and Tobago.

Central America:

Belize; Colombia; Costa Rica; El Salvador; Guatemala; Guyana; Honduras; Mexico; Nicaragua; Panama.

South and Southeast Asia:

Afghanistan; Bangladesh; Bhutan; Cambodia; India; Indonesia; Iran; Lao PDR; Malaysia; Maldives; Mongolia; Myanmar; Nepal; Pakistan; Philippines; Sri Lanka; Thailand; Timor-Leste; Vietnam.

Central Asia and Eastern Europe:

Armenia; Azerbaijan; Belarus; Georgia; Kazakhstan; Kyrgyzstan; Mongolia; Republic of Moldova; Tajikistan; Turkey; Turkmenistan; Ukraine; Uzbekistan.

Pacific:

Cook Islands; Fiji; Kiribati; Marshall Islands; Micronesia; Nauru; Niue; Palau; Papua New Guinea; Samoa; Solomon Islands; Tokelau ; Tonga; Tuvalu ; Vanuatu; Wallis and Futuna.

Is your country not on the list? PFAN is currently working to expand its network to other countries; please check back with us regularly for updates or contact us for more information.

Eligible sectors and technologies

 

Biomass Tidal / Ocean Energy Storage & Conservation Agriculture and agribusiness
Biogas Energy Products from Forestry Energy Efficiency and Demand Reduction Productive use of Clean Energy
Bio-fuels Rural Electrification & Energy Access Waste to Energy Water & Sanitation
Solar Ecosystem Services Emissions Reduction Tourism
Wind Urban & Peri-Urban Development Clean Transport Forestry
Hydropower Distributed & Off-grid Generation Climate Change Adaptation
Investment amount (ASK)

For ALL Projects, the investment ask should lie between US$1 million and US$50 million. This may be disbursed in smaller tranches as requested.

ONLY for Energy Access and Rural Electrification Projects (clean cook stoves, solar home systems, mini grids) an exception is made, and the investment ask can lie between US$500 thousand and US$50 million. This too may be disbursed in smaller tranches as requested.

Examples of eligible projects
  • Projects and businesses which deploy clean and renewable energy and/or climate change technologies for productive uses;
  • Greenfield & brownfield utility projects, independent power producer and distributed generation projects (for both thermal and electrical energy);
  • Existing projects which are operating at small or pilot scale and which are ready for scale-up;
  • Projects which increase access to energy for remote communities, including rural electrification, off-grid and mini-grid projects, thermal energy and clean cooking solutions;
  • New or expanding business ventures in clean energy and related technologies, including downstream projects (focused on deployment of existing technologies) and upstream projects (focused on development and commercialisation of a new clean technology);
  • Mergers, acquisitions or joint ventures, which will add value to an existing clean energy / technology business.

When should I submit an application?

Applications are accepted on a continuous basis, and you may submit your application at any time. Periodically, we may announce deadlines for submissions eligible for participation in specific Investment Forums. Information on upcoming Investment Forums can be found here.
Evaluations of applications take place every three months. Please contact us for the dates of the next evaluation round in your region, and keep this in mind when deciding when to submit; if you submit just after an evaluation round, it may take up to three months before your application is evaluated.