Applications Invited for PFAN Support

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About the Organization

PFAN is a global network of climate and clean energy financing experts.  PFAN consists of climate and clean energy financing experts across the globe. Counting on the expertise of local advisors allows us to provide better-tailored coaching services, taking into account the local market needs and dynamics. Entrepreneurs are matched with one of our PFAN Advisors who accompany them throughout their PFAN Journey.

We aim to build clean energy markets one business at a time, mitigate climate change and mobilise private investment in support of the Paris Agreement on Climate Change and the Sustainable Development Goals. 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 faced by entrepreneurs, especially those linked to accessing additional investment. Helping entrepreneurs overcome those barriers to fulfil their potential and contribute to climate change adaptation and mitigation is what drives us.

About the Grant

PFAN has supported projects and businesses in low- and middle-income countries in Sub-Saharan Africa, Central, South and Southeast Asia, the Pacific Islands, Eastern Europe, Central America and the Caribbean Islands.

To be eligible for PFAN support, your project or business must:

• provide climate change adaptation benefits and/or
• offer or use clean energy technologies, products or services that fall within our areas of work.

PFAN is technology neutral, which means we do not prefer any technology over any other. Please click here for a list of eligible sectors and technologies.

Proposals should demonstrate that the project is commercially and technically viable and requires no or only minimal grant funding. If your project currently receives grant funding or has done so in the past, that does not affect eligibility.

Investment amount:

The investment amount, or investment ask, should lie between US$1 million and US$50 million. This may be disbursed in smaller tranches as requested.

ONLY for energy access and rural electrification projects (clean cook stoves, solar home systems, mini grids) an exception is made, and the investment ask can lie between US$500,000 and US$50 million. This too may be disbursed in smaller tranches as requested.

Examples of eligible projects:

• Projects and businesses which deploy clean and renewable energy and/or climate change technologies for productive uses;
• Greenfield and brownfield utility projects, independent power producer and distributed generation projects (for both thermal and electrical energy);
• Existing projects which are operating at small or pilot scale and which are ready for scale-up;
• Projects which increase access to energy for remote communities, including rural electrification, off-grid and mini-grid projects, thermal energy and clean cooking solutions;
• New or expanding business ventures in clean energy and related technologies, including downstream projects (focused on deployment of existing technologies) and upstream projects (focused on development and commercialisation of a new clean technology);
• Mergers, acquisitions or joint ventures, which will add value to an existing clean energy / technology business.

Exclusion criteria:

PFAN will not be able to support projects in the following sectors, notwithstanding their climate benefits:​

• Nuclear origin ​
• Carbon capture and storage​
• Combustion of fossil fuels​
• Waste incineration ​
• Gas venting and flaring​

Furthermore, PFAN will not support projects that​:

• Are likely to infringe on the protection of critical habitats​
• Use banned pesticides and/or chemicals​
• Cause involuntary resettlement or physical economic displacement ​
• Are likely to alter, damage, or remove any cultural heritage and/or sites​
• Use forced, trafficked, or child labour​

How to Apply

Apply now

For more information please check the Link

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Tags Environment and Sustainability Innovations and Technology Solar Energy Others