Asia, PFAN’s largest and most active region, managed to sustain the development of its project pipeline despite the impacts of the Covid-19 pandemic.
More than 140 applications were evaluated over the year, with 72 selected for PFAN support.
PFAN also established key partnerships with Sangnam Ventures, 1337 Ventures and Clime Captial among many others. In India, PFAN’s most active country, the programme partnered with the Confederation of Indian Industries to develop a series of webinars to reach out to climate mitigation and adaptation businesses in the region, such as the Climate Smart Agriculture Investment Opportunities in Southeast Asia held together with USAID Green Invest Asia.
A major milestone was the inception of the Pakistan Private Sector Energy Project (PPSE) supported by USAID, which focuses on expanding the portfolio of commercially-viable clean energy projects in Pakistan and providing support to enable them to access financing and reach financial close.
In total, 14 projects in the region successfully raised more than USD 107M over the year, with just under 900 jobs expected to be created as a result.
SSEA in 2020
Total investment leveraged (USD millions)
Projects that reached financial closure
Clean energy capacity added (MW)
Locally-based Advisors (%)
Total number of projects supported
New partnerships established
Total number of projects supported by country
Photos: Atchara Poomee, Managing Director, PAC Corporation (Thailand) Co., Ltd. at Khum Damnoen Resort on the outskirts of Bangkok. The resort is installed with PAC’s energy saving water heating and cooling products and solar panels.
Financial closure spotlight
Meet our Network in South & Southeast Asia
PFAN Advisor Sujan Paudel
Sujan leverages over two decades of experience in management, consulting and energy financing, helping businesses become profitable and sustainable. He holds an MBA in Finance and has experienced a blend of energy and finance while working at the Clean Energy Development Bank. He specializes in project due diligence, financial modeling and drafting of financial contracts and covenants.
As a PFAN Advisor he has mentored several projects helping them to become bankable and investor-ready, many of which have now secured financial closures. Besides running his own consultancy firm, he also advises SNV Netherlands Development Organisation on energy financing.
As PFAN Country Coordinator for Nepal, he actively conducts outreach activities throughout the country and originates high-impact projects to be introduced to PFAN for further support.
Regional Coordinator - Peter DuPont
Peter has more than 30 years’ experience developing sustainable energy and climate programs in the U.S. and Asia. He has extensive expertise in the design, implementation, and evaluation of clean energy policy and plans, energy and climate finance, and climate change programs. He has worked in a variety of roles consulting and managing for non-profit and private consultancies and development agencies, with a focus on energy efficiency, renewable energy, finance and market incentives, and climate change.
Peter is based in Bangkok and is Managing Partner of Asia Clean Energy Partners Limited, an international consultancy that initiates partnerships and initiatives that accelerate the pace of clean energy investment and deployment. Since 2007, he has been the Co-Chair of the Asia Clean Energy Forum, a flagship clean energy event organised annually by the Asian Development Bank, the US Agency for International Development, and the Korea Energy Agency.
Peter has a Master’s degree in Public Health from the University of California, Berkeley, and a Ph.D. in Energy and Environmental Policy from the University of Delaware.
Bangladesh – Shaymal Barman
Cambodia – Cécile Dahomé
India – Amitava Sengupta
Indonesia – Hari Yuwono
Malaysia – Kevin Hor Chan Wah
Myanmar – Min Chan Win
Nepal – Sujan Paudel
Pakistan – Saima Qadir
Philippines – Laurie Navarro
Thailand – Itty Varugis
Vietnam – Hao Vu
New Partners in 2020
Renewable Energy Confederation of Nepal (RECON), Nepal
Renewable Energy Confederation of Nepal (RECON) is a common forum of associations of private sector involved in supply and delivery of alternative energy systems and services and NGOs involved in promotion of alternative energy in Nepal.
Sustainable Energy Association Of Singapore (SEAS), Singapore
The Sustainable Energy Association of Singapore (SEAS) is a non-government and non-profit business association that represents the interests and provides a common platform for companies in Sustainable Energy sector to meet, discuss, collaborate and undertake viable projects together.