Jamaica-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 164 clean energy projects have been inducted into the CTI PFAN Project Development Pipeline, of which 34 have achieved financial closure with over US$412 million of investment raised. These projects include biogas, biomass, waste to energy, clean transport, wind, solar, small hydro and energy efficiency initiatives. Combined, these 34 projects will mitigate over 1.9 million tons of CO2 equivalent per year and provide over 312 MW of Clean Generation Capacity."1
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."
- "CTI PFAN"