Cameroon-Climate Technology Initiative Private Financing Advisory Network (CTI PFAN)
"The Private Financing Advisory Network (PFAN) is a multilateral, public-private partnership initiated by the Climate Technology Initiative (CTI) in cooperation with the UNFCCC Expert Group on Technology Transfer. PFAN operates to bridge the gap between investments and clean energy businesses. CTI PFAN screens business plans, selects the most economically viable and environmentally beneficial projects, and provides extensive coaching and guidance before projects are presented to investors at Clean Energy Financing Forums hosted across Asia, Latin America and Africa and identifies promising clean energy projects at an early stage and provides mentoring for development of a business plan, investment pitch, and growth strategy, significantly enhancing the possibility of financial closure. Over 221 clean energy projects have been inducted into the CTI PFAN Project Development Pipeline. These projects include biogas, biomass, waste to energy, clean transport, wind, solar, small hydro and energy efficiency initiatives. Successfully 41 projects have achieved financial closure with over US$507 million of investment raised. Combined, these projects have the potential to mitigate over 2 million tons of CO2e per year and provide over 329 MW of Clean Generation Capacity"sup>1</sup>
Progress and Outcomes
Capacity building activities include enhancing capacity for implementing NAMAs, enhancing capacity for implementing LEDS, enhancing financing for energy efficient projects, and enhancing financing for clean energy. Capacity building needs identified include: "Policy Development and implementation; Capacity of project developers to prepare and present bankable business plans; and Capacity of local agencies to interface with private sector and understand investment and financing needs."
News and Activities
"CTI PFAN is pleased to announce launch of the Africa Forum for Clean Energy Financing 2014 (AFRICEF-3). The AFRICEF-3 Business Plan Competition, to be held in Johannesburg, South Africa on 13th November 2014, will showcase promising clean energy projects from around the continent in front of Africa�s leading investors. The Financing Forum actively seeks innovative projects that are financially viable, socially responsible and environmentally beneficial. This is the 3rd Forum for Clean Energy Financing to be held for Africa."2<sup/>