The Private Financing Advisory Network (PFAN) is now accepting proposals from India for participation in the Project Development and Financing Initiative. This PFAN India initiative will present promising clean energy projects from India to interested investors. The initiative actively seeks renewable energy and energy efficiency projects that are financially viable, socially responsible and environmentally beneficial.

Timeline of the initiative
Stage 1: Project proposal submission
The programme will remain open until 28th February 2017 or until PFAN shortlists 10 proposals, whichever is earlier. Proposals will be selected following the criteria detailed in the guidelines, on a first come first served basis. Shortlisted participants will be notified within 4 to 5 weeks of submitting their proposals.
Stage 2: Coaching
Based on the project proposals and recommendations by the selection committee, up to 10 companies will be shortlisted for mentoring. During this stage, an assigned PFAN coach will assist each company in preparing an investor-ready business plan and an investors’ pitch. This support, up to eight working days (64 hours) in total, will be provided at no cost to the companies.
Stage 3: Meeting with investors
In this phase, the PFAN coach will assist the company in identifying appropriate investment sources and facilitate financial mobilisation. All assistance and services provided by the PFAN mentor will be undertaken on a best efforts basis. Shortlisting under this programme is not an offer or guarantee of financing nor shall it be construed as an indication that financing/investment shall be/become available.
For more information, please visit the PFAN website. Proposals can be submitted to india-1 [at] cti-pfan.net.
About PFAN
The primary obstacles to large-scale deployment of low carbon, climate resilient technologies in developing countries and emerging economies are a lack of access to finance for small and medium enterprises (SMEs) and a limited pipeline of bankable projects. PFAN aims to bridge the gap between investors and entrepreneurs. PFAN sources projects and funding from the private sector; screens business plans for investment readiness and financeability; selects projects that are economically viable, as well as environmentally and socially beneficial; provides technical assistance to support project development and facilitate finance; builds the capacity of project developers and financiers; and provides access to clean energy businesses and financial institutions through the PFAN network.
To date, PFAN has raised financing of $1.2 billion, which is being used to build, install and operate 701 megawatts (MW) of clean power for 87 projects across Africa, Asia and Latin America (status as of September 2016). These projects – which include solar and wind farms, biomass and biogas power plants, small hydro generation, decentralized renewable energy mini-grids for underserved areas, and others – together translate to over 2.6 million tonnes of CO2 that would otherwise be released into the atmosphere annually.
This PFAN India initiative is sponsored by the Government of Australia, Department of Foreign Trade. PFAN is hosted by the United Nations Industrial Development Organisation (UNIDO) in cooperation with the Renewable Energy and Energy Efficiency Partnership (REEEP) and the initiative is co-organized by Dawn Consulting and PPL International.