Annual Progress Report

PFAN in Numbers


beetle
US$1.7BN
for beetle
127
in beetle
27
Investment raised by PFAN
supported projects & businesses
projects countries

beetle
>1000MW
enough to supply beetle
2575000
Clean energy generation
capacity adde
average Indian households
for one year

beetle
4MT
equivalent to taking beetle
850000
Potential annual CO2e
emissions mitigated
cars off the road

beetle
>750
of which beetle
>250
Total projects which have received
PFAN support
have received PFAN support
in the last three years
of which approx beetle
17%
have raised financing

PFAN in Numbers


The Impact of PFAN


The PFAN Journey


Project developers and small to medium businesses looking to scale up are invited to submit proposals detailing their investment needs online at pfan.net

We assess the maturity, technical and economic viability as well as the climate change mitigation and adaptation potential of each application and select high potential projects and businesses for PFAN support.

We appoint an expert business and financial advisor from our network to provide targeted, unbiased one-on-one advice to help entrepreneurs refine their business plans and financial models. We work with them on the investment structure and preparation of the investor pitch to get them ready for investor introductions.

We introduce investment-ready projects to investors in a targeted manner based on the match between the project characteristics and the investor profile of local and international investors. 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 to a panel of seasoned financial experts and an investor audience.

This is late-stage technical assistance which a project developer can request when an interested investor has been found to remove the final barriers standing in the way of investment. This assistance can take the form of a legal opinion, technical review or engineering feasibility report, or to support due diligence and meeting of conditions precedent.

Depending on the needs of the project or business, the PFAN advisor provides valuation and transaction advisory support and gets involved in the negotiation to bring the project to financial closure.

Project developers and small to medium businesses looking to scale up are invited to submit proposals detailing their investment needs online at pfan.net

We assess the maturity, technical and economic viability as well as the climate change mitigation and adaptation potential of each application and select high potential projects and businesses for PFAN support.

We appoint an expert business and financial advisor from our network to provide targeted, unbiased one-on-one advice to help entrepreneurs refine their business plans and financial models. We work with them on the investment structure and preparation of the investor pitch to get them ready for investor introductions.

We introduce investment-ready projects to investors in a targeted manner based on the match between the project characteristics and the investor profile of local and international investors. 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 to a panel of seasoned financial experts and an investor audience.

This is late-stage technical assistance which a project developer can request when an interested investor has been found to remove the final barriers standing in the way of investment. This assistance can take the form of a legal opinion, technical review or engineering feasibility report, or to support due diligence and meeting of conditions precedent.

Depending on the needs of the project or business, the PFAN advisor provides valuation and transaction advisory support and gets involved in the negotiation to bring the project to financial closure.

Climate Change Adaptation


The finance gap for adaptation projects is even more severe than for mitigation-type projects (mostly renewable energy and energy efficiency), and supporting them has been recognised as a significant area for PFAN services — preparing projects to access sources of finance.

Gender Mainstreaming in PFAN


PFAN recognizes not only its responsibility, but also the opportunity to contribute towards theoverarching goal of gender equality and the empowerment of women within both its internal operations and market-facing activities. Therefore, PFAN developed a gender strategy which was operationalised as a gender action plan in 2019.

Read more

Success Stories


QIQ Vietnam



Location: Vietnam
Investment Amount: US$42,000
Technology: Clean transport

VITALITE



Location: Zambia
Investment Amount: US$500,000
Technology: Solar Energy

Atomberg Technologies



Location: India
Investment Amount: US$10,000,000
Technology: Energy Efficiency

Okra Solar



Location: Cambodia, Philippines & Indonesia
Investment Amount: US$200,000
Technology: Plug-and-play smart DC microgrids

Translight Solar



Location: Ghana
Investment Amount: US$182,466
Technology: Solar Energy

Inficold



Location: India
Investment Amount: US$550,000
Technology: Energy Storage and Transportation

PFAN Network


Click on PFAN logos to meet PFAN Regional Coordinators and some of our 120 advisors.

PFAN Network


Meet PFAN Regional Coordinators and some of our 120 advisors.

Peter Storey | Helsinki, Finland At the time of PFAN’s launch, Peter focused on clarifying the vision and set up of the network. As the network evolved, so too did his role, and his focus shifted to the development of the business model and network expansion. Today Peter’s role is to provide guidance and general management. He still likes to stay involved in the ‘nuts and bolts’ of the work – something which he remains passionate about more than a decade down the line.The structural changes that PFAN underwent in recent years have meant great growth potential and capacity to pursue new opportunities. It’s Peter’s job to ensure the network’s branches all maintain focus.
Nagaraja Rao | Bangalore, India Nagaraja provides investment facilitation support through transaction structuring, financial modelling, project risk identification and investment negotiations support. His role includes outreach, selection and support of clean energy projects while simultaneously seeking out investors and institutions to fund them. He provides strategic support in PFAN scale-up, market penetration and investor outreach activities.Since 2008, Nagaraja has been with PFAN in various capacities as advisor, country coordinator and as Asia Regional Coordinator. He is a Chartered Accountant from The Institute of Chartered Accountants of India. He has in-depth knowledge and decades of experience in finance and commerce. He enjoys employing this experience to bring together.
Federico Fische | Washington, DC, USA Federico is an economist with more than 20 years of experience in international development cooperation and private sector development. He specialises in renewable energy solutions, clean tech innovations and energy efficiency, private sector projects and public sector funding in the Caribbean, Latin America and Africa.Furthermore, he supports policy analysis, development and implementation for the clean energy sector, with the aim to accelerate and implement countries’ sector reform policies related to access to clean energy, and to foster and facilitate project funding.
Rostyslav Maraikin | Kiev, Ukraine Rostyslav joined PFAN after more than 15 years working in the power sector. He coordinates operations in Eastern Europe and Central Asia – a relatively young market for PFAN and the development of clean energy projects.“This region faces a number of challenges, which highlights the need for for PFAN,” he says, as it lacks professional support for start-ups and has a small private investor pool.Rostyslav is tasked with growing the network through his team of coaches, sourcing new projects, identifying new opportunities to support climate and clean energy projects and connecting new investors to innovative projects.
Arlbert O. Boateng | Accra, Ghana Albert supports project development across West Africa, covering 15 countries and more than 60 projects currently in development.Albert’s role includes connecting projects to advisors, providing guidance to the advisors, building relationships with network partners and growing the network in the region.Albert has a background as a financial analyst. He worked in asset management before moving into the clean energy arena, working as an investor and an advisor. He is a certified climate and renewable energy finance expert.
Wilfred Mutua Mworia | Nairobi, Kenya Wilfred started his career in enterprise software and worked for several local and international software houses. With a keen interest in the transformative potential of entrepreneurship, he ventured out into tech enterprise for a number of years before deciding he could have greater impact by enabling other entrepreneurs to thrive.He has since worked in various capacities providing business strategy and investment support to entrepreneurs.
Thaven Naidoor | Johannesburg, South Africa Thaven has experience ranging from the mining industry to the media and technology sectors. He first became involved in PFAN through the development of the adaptation work stream, before becoming a regional coordinator.Passionate about innovation and with a deep understanding of the challenges facing entrepreneurs, Thaven enjoys seeing projects grow from concept to financial close. “We’ve seen world-class, large scale projects find investment in Southern Africa, and in East Africa we’ve seen many smaller innovative projects achieve finance.” The market, he says, is full of good ideas that become great projects thanks to the guidance of PFAN’s advisors.
Peter Dupont | Bangkok, Thailand Peter has more than 30 years’ experience in the design, implementation, and evaluation of clean energy policy and plans, energy and climate finance, and climate change programmes in the USA and Asia. He has worked in a variety of roles for non-profit and private consultancies and development agencies with a focus on energy efficiency, renewable energy, finance and market incentives and climate change.He is Managing Partner of Asia Clean Energy Partners Limited, an international consultancy that accelerates the pace of clean energy investment and deployment. He is the Co-Chair of the Asia Clean Energy Forum, the US Agency for International Development, and the Korea Energy Agency.

Paula Brufman | Buenos Aires, Argentina Paula has extensive international experience in project management, strategic development, public policy, climate change, gender, community projects, fundraising strategy and execution.Before becoming an independent consultant, she held leadership positions in city government, global environmental and social NGOs such as Greenpeace International, Avaaz.org and SOS Children’s Villages International, as well as in public health.As Chief of Staff and Senior Advisor to the President of the Environmental Protection Agency of the City of Buenos Aires (APRA), she provided leadership and guidance on the integration and roll out of public policy initiatives in renewable energy, waste management and climate change.
Monica Samec | Lagos, Nigeria Monica is part of the investment facilitation team who works with leaders of companies seeking $1-50 million USD in investment. Her role involves understanding clearly where the company is targeting to achieve, plotting out the details of how to get there, providing strategic advice and honest feedback, and marshalling the appropriate resources.Inside and outside of PFAN, she is a supporter of those making a difference in their communities and their world. To this end, she has worked to help grow dozens of clean energy organizations over the past fifteen years, primarily in Nigeria and also the DRC and Rwanda.
Viacheslav Antonenko | Kiev, Ukraine Viacheslav is a professional in bioenergy, energy efficiency and renewable energy providing engineering and financial consultancy for more than 9 years.He provides technical consultancy, feasibility studies, analytics, business planning, capacity building, education and policy-making advice. In addition to working with international companies and organizations such as EBRD, UNDP, USAID, IFC, GIZ, and PFAN, he is also involved in research activity within Institute of Engineering Thermal Physics in Kyiv.
Martin Theuri | Nairobi, Kenya Martin is the Managing Partner at Yok Consulting, a Nairobi-based firm that offers strategic business advisory and access to relevant capital to entrepreneurs.He joined PFAN in September 2019 and has since worked on a Solar Water Pumping project for smallholder farmers, Solar PV EPC, a wastepaper recycling project and a grid-tied Solar PV project, across East Africa. Martin has provided early project development support such as business model refinement thus improving on their bankability.
Min Chan Win | Yangon, Myanmar Min is the founder of Myanmar Eco Solutions, which focuses on renewable energy. He has over 20 years of leading management roles with vast experience in team building, professional development, strategic implementation and collaboration. He opens the line of communication between potential clients, investors, decision makers in both corporate and government to get projects done. A recipient of the “ADB New Energy Leadership Award” in 2017, Min has a Master’s in Business Administration & Renewables from Beuth Universty of Applied Sciences (Berlin) and a Bachelor of Science from Yangon Art & Science University.
Cécile Dahomé | Phnomh Penh, Cambodia Cecile’s goal is to empower all those that have the potential to bring change. This means helping both inspiring men and women reach their full potential.In PFAN, she acts both as the Cambodia Country Coordinator to identify and source the projects that have high potential to generate positive impacts; then as a mentor she support them and helps them scale through both business development and access to financing support.

Get Involved


Get advice for your project or scale up your business

The experts in our network can offer you free, personalised one-on-one coaching and targeted introductions to investors, providing a fast-track to investment. If you’re an entrepreneur developing a project or scaling up an existing business in clean energy or climate adaptation please contact us or visit www.pfan.net for information on eligibility criteria and the application process.

Join our global network of advisors

Are you a financial expert with a track record in raising finance for clean energy and climate change projects? Become a part of our global community as a advisor or country coordinator! We offer the chance to work with exciting, high-potential projects, reliable, timely payments and international visibility. Please contact us for more information.

Find projects for your investment portfolio

We have a pipeline of investment-ready climate and clean energy projects, coached and carefully vetted by experts and selected for economic viability, environmental sustainability and social impact. We also actively involve investors from our network in the vetting of our projects for instance by being involved as judge in our business plan competitions. Contact us to receive information on projects specially selected to match your interests and investor profile or to get actively involved in PFAN activities.

Become a PFAN Partner

PFAN works with partners to support our activities in a mutually beneficially partnership. Our partners help us organise targeted calls for proposals, cross-publicise activities and events, align with local policy and regulations and the business climate and expand our local footprint. In turn, we help to build their capacity, organise joint events and outreach and engage in cross-referrals. Contact us to collaborate in investment as well as non-investment-related activities.

Funding Partners


PFAN Social Hub