All articles for the topic: specific financing mechanisms

PFAN Investment Forum in Singapore Puts Climate and Clean Energy Projects in Asia in the Spotlight

Ten climate and clean energy entrepreneurs pitched for a total of over USD 31 million of investment to an audience of close to 90 investors at the 8th annual Asia Forum for Climate and Clean Energy Financing, organised in Singapore by the Private Financing Advisory Network (PFAN) on February 2nd. PFAN selected these ten projects from a total of 74 proposals, received from 12 countries in Asia.

Germany’s Top Students Build Sustainability Scenarios for Nepal

By Olivia Coldrey and Jana Weber

Stipendiaten machen Programm | A program of the German Academic Scholarship Foundation

Olivia Coldrey, REEEP’s Director, Sustainable Finance, recently spent an afternoon with a group of exceptional scholarship students from Germany exploring sustainable development scenarios for Nepal to 2050. This was a great opportunity for REEEP to share its expertise and at the same time get a fresh view on the issues we work on from the next generation of leaders.

COP 23 Side Event: Getting the Right Finance for a Low-Carbon Agri-food Sector in Cambodia: Lessons and opportunities for scaling-up

The event at the Energies 2050 Pavilion, organised by REEEP and Nexus for Development, will share the lessons learned from the pilot phase of the Clean Energy Revolving Fund (CERF), a fund supported by the Government of Austria and the Blue Moon Fund, and discuss the potential to scale up finance for clean energy in agrifood value chains.
 

COP23 Side Event: Financing Transformative, Resilient Development Outcomes - Approaches from Eastern and Southern Africa

How can countries use climate finance to transition to low-emission, climate-resilient development pathways? This side event explores what financing paradigm-shifting transformative development looks like in practice, presenting experiences from Namibia, Rwanda and the Beyond the Grid Fund for Zambia.

Press Release: Sweden's Beyond the Grid Fund for Zambia Signs First Contracts with Energy Service Providers. The Goal: Modern Energy for One Million Zambians

Swedish Ambassador to Zambia Henrik Cederin, VITALITE Director John Fay and long-standing VITALITE distributor Mr. Chongo at the contract signing in Mr. Chongo's shop in rural Chongwe

Sweden’s Ambassador to Zambia Henrik Cederin signed four contracts last Friday with companies offering a variety of rural energy solutions, marking the start of operations of the Power Africa: Beyond the Grid Fund for Zambia (BGFZ). The USD25m Fund, which is financed by the Swedish International Development Agency (Sida) and managed by the Renewable Energy and Energy Efficiency Partnership (REEEP), aims to bring modern energy to one million Zambians, and build a solid foundation for continuing growth of the market such that it can serve all Zambians.

Private Financing Advisory Network Relaunched under REEEP and UNIDO Hosting

On the 10th of May, 2017, the Private Financing Advisory Network (PFAN) was officially relaunched under its new hosting arrangement with the United Nations Industrial Development Organisation (UNIDO) in cooperation with REEEP in Vienna, Austria. Under this arrangement, PFAN’s activities will be scaled up by a factor of two to five by the year 2020.

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To apply to PFAN's continuous call for proposals, click here.

Background

As technology prices continue to fall, clean energy projects become more profitable and the appetite of investors for such projects grows, now is a time of enormous potential for the development of clean energy capacity around the world. PFAN helps investors tap into this potential to expand energy access, reduce damage to the environment, combat climate change and grow local economies.
 
A rapid scale-up of investment in clean energy generation capacity is required to replace energy generation based on fossil fuels and avoid the worst impacts of climate change. At the same time, significant investment will have to flow towards increasing the resilience of vulnerable populations and helping them to adapt to the changes already here and those still to come.
 
Governments alone will not be able to provide enough investment to achieve the impact required. Unlocking private sector finance in support of climate action is one of the main challenges that governments, international organisations and development banks have been grappling with since the Paris Agreement entered into force. PFAN has been tackling this challenge since 2006, using small amounts of public funding to leverage large amounts of private sector investment for clean energy and climate adaptation projects in low- and middle-income countries.
 
While combating climate change is our ultimate goal, in its day-to-day work PFAN is driven by a desire to help entrepreneurs succeed. We know that getting a project off the ground is difficult; we are aware of the barriers to finding investment that project developers face. Helping entrepreneurs overcome those barriers to fulfil their potential and contribute to climate change adaptation and mitigation is what drives us.

How Does PFAN Work?

Any entrepreneur wishing to launch or scale up a climate adaptation or clean energy project in a low- or middle-income country, and looking for investment of up to USD 50 million, is welcome to send in a proposal to PFAN. Our Call for Proposals is always open, and you may submit at any time. Proposals must be submitted online, through PFAN’s custom-built project management system. Click here to submit a proposal now.

Each proposal is reviewed by a minimum of two expert evaluators, who assess the maturity, viability and climate change mitigation potential of the project. Selected projects are inducted into the PFAN Project Development Pipeline. At this stage, they are assigned a coach, usually based in the same country. Coaches are selected from PFAN’s global network of clean energy and climate adaptation financing experts.

The Project Development Pipeline consists of three distinct streams:

  1. Long-Term Development Pipeline: Projects that are not yet investment-ready are placed in this stream, where they receive coaching for up to 18 months to reach investment-readiness. After finishing their coaching trajectory, they can be moved into the Investment Facilitation or Clean Energy Investment Forum streams.
  2. Climate & Clean Energy Investment Forum: Projects on the verge of investment-readiness can be selected for participation in a Climate & Clean Energy Investment Forum, where developers get the chance to pitch their business plans directly to a room full of investors. In the run-up to the Forum, these projects receive intensive coaching to perfect their business plans and investment pitches.
  3. Investment Facilitation: Investment-ready projects are placed in the Investment Facilitation stream, where they benefit from one-on-one support by the Investment Facilitation Team, including targeted introductions to investors.

 

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REEEP Team
Peter Oldacre's picture

Peter Oldacre

PFAN Director of Execution

REEEP Team
Juliane van Voorst tot Voorst's picture

Juliane van Voorst tot Voorst

Head of Financial Instruments, Head of PFAN Operations

REEEP Team
Lukas Baumhauer's picture

Lukas Baumhauer

Senior Project Officer, PFAN

REEEP Team
Colin Brouillard's picture

Colin Brouillard

PFAN Project Officer, Asia & Pacific

REEEP Team
Teresa Oberascher's picture

Teresa Oberascher

PFAN Project Officer, Sub-Saharan Africa

REEEP/ICETT Side Event at Bonn Climate Change Conference: Filling the Financing Gap for Climate Business

During this event, the Private Financing Advisory Network (PFAN), an initiative which thus far has raised over US$ 1.3 billion in financing for climate and clean energy businesses in low- and middle-income countries, will present its new hosting structure under the United Nations Industrial Development Organization (UNIDO) and REEEP.

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