PFAN Guidelines for Preparation of Proposals for Climate & Clean Energy Project Financing

PFAN Project Development and Financing Initiative for Climate & Clean Energy in Asia
 
Private Financing Advisory Network (PFAN) is a multilateral public-private partnership that seeks to bridge the gap between project developers and investors by,

  ►providing coaching and mentoring support to promising clean energy projects to develop investor-ready business plans and investment proposals,

  ►developing a network of investors and financial institutions interested in clean energy investments,

  ►presenting these investors with projects screened for viability, sustainability and environmental and social benefits.

PFAN is hosted by UNIDO (United Nations Industrial Development Organisation) in collaboration with REEEP, and with a number of funding partners including USAID, ADB and ICETT.  As of September 2016, PFAN has raised total financing of USD 1.2 billion for 87 projects across Asia, Africa and Latin America.  While PFAN does not provide any grants, its services are provided free of charge and aimed at connecting climate and clean energy projects with financing.

PFAN is always open for new projects, and free-form proposals may be submitted at any time. In addition, PFAN periodically organizes Clean Energy Financing Forums in various regions to showcase selected projects to specially convened investors.  Projects for such Forums are selected via Calls for Proposals.

PFAN is now accepting Proposals to be forwarded to the 8th Asia Forum for Climate & Clean Energy Financing (AFCCEF-8) to be held in Singapore in January 2018.
It is our intention to have as many proposals as possible submitted targeting AFCCEF-8.  Applications have to be submitted by 6 p.m. (CEST – Central European Summer Time) on Wednesday 19th July 2017.  Selected participants will be notified by 10th August 2017.


Eligible Projects
Projects must promote or use clean energy and climate technologies, products or services, including, but not limited to biomass, biogas, bio-fuels, solar, wind, hydro power, tidal/ocean, geothermal, energy production from forestry, energy access, distributed & off-grid generation, energy storage & conservation, energy efficiency & demand reduction, waste to energy, emissions reduction, clean transport, climate mitigation & adaptation.

Investment amount
From US Dollar 01 million to 50 million per project.  However, the investment sought can be less for energy access (e.g. clean cook stoves, solar heat system and such projects) and climate change adaptation projects.  

Type of investment
It is up to the project developer to decide on the amount and type of investment sought (equity, debt, or both; or other instruments (e.g. mezzanine finance/convertible debt).  

From initial assessment of projects To Investment Facilitation
Submitted proposals will be evaluated according to their overall potential and likelihood of successfully raising finance, while factors related to readiness play a lesser role at this stage. Particular attention will be paid to identifying proposals that exhibit strong management teams, technical feasibility, and a proven business model.  

Selected proposals will be inducted to the PFAN project development pipeline and be allotted to either of these streams:-
   (a) Open Pipeline Coaching Support stream: one-on-one coaching support from the assigned PFAN Coaches for preparing an investor ready business plan.  Length of coaching process will depend on the type and maturity of the project, but typically for early stage projects, it takes between 6 to 18 months before a project becomes ready for introduction to potential investors.
   (b) Strictly Defined Financing Forum stream: intensive coaching of 6 months that is conducted in a business plan competition format.

Investment Facilitation: Upon completion of the coaching phase, projects are introduced to investors via showcasing at Clean Energy Financing Forums (e.g. AFCCEF-8)  or  by direct introduction to its global network of investors and other potential investment sources.  Regardless of which stream a project may undergo, PFAN ensures that all projects get Investment Facilitation when they are ready.


PFAN – Relevant Links

NOTE: For an in-depth understanding of the online Application Submission process and preparation of the Project Proposal, you are urged to download and study PFAN information and guidelines given below :-

The Prospectus for the PFAN Project Development and Financing Initiative for Climate and Clean Energy in Asia:
http://cti-pfan.net/wp/wp-content/uploads/2017/05/PFAN_PDFI-Asia-8_RFP_f...

Frequently Asked Questions:
http://cti-pfan.net/wp/wp-content/uploads/2017/05/PFAN_PDFI_FAQ.pdf

Guidelines for Preparation of the Initial Project Proposal:
http://cti-pfan.net/wp/wp-content/uploads/2014/04/PFAN_ProjectProposal_G...

Checklist for Preparation of Project Proposals (Compiled as a support document to "Guidelines for Preparation of the Initial Project Proposal" above):
http://cti-pfan.net/resource_document/checklist-for-preparation-of-proje...

Email Help Desk for any inquiries regarding applications:
application@pfan.net



Useful links - Regulations on foreign currency loans & equity investments in Sri Lanka

Central Bank of Sri Lanka - Foreign Loans for Local Entrepreneurs:
http://www.cbsl.gov.lk/pics_n_docs/02_prs/_docs/notices/notice_20110407e...

Exchange Control Department – Obtaining of Foreign Currency Loans under External Commercial Borrowing Scheme (ECBS):
http://www.ecd.lk/web/index.php?option=com_content&view=article&id=293

Exchange Control Department – Guideline on obtaining Exchange Control approval for Sri Lankan firms to borrow from foreign sources:
http://www.ecd.lk/web/images/downloads/guidelines/obtaining_approval_to_...

Exchange Control Department – Securities Investment Account (SIA) and the Exchange Control Directions for Equity/Debt/etc Investments:
http://www.ecd.lk/web/index.php?option=com_content&view=article&id=138



Nelson Nagasinghe, PFAN Country Coordinator for Sri Lanka & Maldives
Email: nelson.nagasinghe@gmail.com
Mobile: 071 494 7207
 

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