The Private Financing Advisory Network (PFAN), a clean energy financing advisory group, has announced that it has passed the $ 1 billion mark in total financing raised for clean energy projects in developing countries. The multilateral public-private partnership, currently transitioning to a new governance and hosting arrangement within the United Nations Industrial Development Organization (UNIDO) and REEEP, has now raised total financing of $1.2 billion.

Nine clean energy projects that could reduce greenhouse gas emissions across Africa by ca. 500,000 metric tons a year, the equivalent of taking 85,000 cars off the road annually, were presented to investors in Johannesburg at the CTI-PFAN Africa Forum for Clean Energy Financing (AFRICEF) on 15 September 2010.