PFAN Annual Report Highlights Growing Momentum in Investment for Climate and Clean Energy Projects

By Nancy Nguyen, Head of Business Delivery, ACE Partners


The Private Financing Advisory Network (PFAN), one of our strategic partners, has recently released its 2021 Progress Report, which features its activities and impacts related to matchmaking for climate and clean energy projects in middle and low-income countries.

2021 was a year of significant milestones for PFAN: the network celebrated the remarkable achievement of $2 billion of total investment leveraged by PFAN-supported climate projects; and also celebrated the 15th anniversary since its inception in 2006.

Photo: PFAN Annual Report, Source: PFAN


Despite being another challenging year with ongoing uncertainties poised by the COVID-19 pandemic, PFAN was able to extend its tailored coaching support to 216 projects in 2021. A total of 41 of these projects reached financial closure, leveraging more than $300 million of investment, and resulting in 116 megawatts of clean power capacity added.


In Asia, PFAN helped leverage a total of $196 million across 21 projects. The successfully financed projects in Asia focused primarily on solar, biogas, hydro, and clean transport technologies, with the majority of financial closures occurring in India (8) and Nepal (3). The project origination numbers saw an increase in 2021 (126 applications) as compared to 2020 (88 applications). By the end of 2021, the region had a pipeline of 155 projects, representing a total investment ask close to $1.8 billion.


For more details on PFAN’s Progress Report for 2021, please download it here.