CTI PFAN China Clean Energy Investor Forum
CTI PFAN China Clean Energy Investor Forum21 October 2009, Beijing, ChinaFORUM REPORTBACKGROUNDCTI Private Financing Advisory Network (CTI PFAN) is a multilateral, public-private partnership initiated by the Climate Technology Initiative (CTI) in cooperation with the UNFCCC Expert Group on Technology Transfer. USAID's ECO-Asia Clean Development and Climate Program (ECO-Asia) is the Asia Regional Coordinator for the CTI PFAN. During 2009, ECO-Asia has been working to establish CTI PFAN in-country networks in China, the Philippines and Indonesia.
CTI PFAN aims to bridge the gap between investments and clean energy businesses. In order to accomplish this, CTI PFAN identifies profitable, clean energy businesses that have good scale-up potential, are managed by skilled management teams, are socially responsible, and create a positive environmental impact. The selected projects receive complimentary mentoring services from CTI PFAN partners to improve their business plans, fine-tune their growth strategy, and develop effective investment pitches.
 Mentoring experts comment on investment pitches presented by finalist companies.Photos by PFAN ChinaCTI PFAN China launched a Call for Project Proposals in May 2009, and received 28 proposals from Chinese businesses in August 2009. Ten (10) projects were selected as finalists based on their technical and financial feasibility, and environmental sustainability.
The CTI PFAN China Clean Energy Metering Workshop was held on September 17, 2009 in Beijing, to provide complimentary mentoring services from CTI PFAN partners to the selected "finalist" projects to improve their business plans, fine-tune their growth strategy, and develop effective investment pitches. The mentoring workshop was highly appreciated by these ten finalist companies according to the feedback from the participants.
The one-on-one mentoring to these ten finalist companies by experts were also undertaken during September 17 to October 21, 2009, with the purpose of assisting the finalists to improve and develop their business plans, and prepare their investment pitches. Three of these CTI PFAN-mentored projects were invited to introduce their projects in a meeting with investors on Oct. 14, 2009 in Beijing. On Oct. 20, 2009, CTI PFAN China organized the Clean Energy Investor Forum Preparatory Workshop, Polishing Business Presentation.
In order to showcase these ten clean energy projects, ECO-Asia organized the 1st CTI PFAN China Clean Energy Investor Forum to allow all ten mentored projects to present their investment pitches to local and international investors, as well as to promote CTI PFAN China to local stakeholders.
OBJECTIVESThe objectives of the forum were to:- Officially introduce CTI PFAN China to local and international stakeholders.
- Explore the environment for clean energy investments through high-level keynote speeches and panel discussions.
- Showcase the ten CTI PFAN-mentored clean energy businesses through a business plan/investment pitch competition.
- Attract local members to join CTI PFAN China.
- Attract more project developers to have their clean energy projects included in the CTI PFAN China pipeline of projects.
PARTICIPANTS
The Forum was attended by a total of 195 participants. The participants were a good mix of representatives from the local banking sector, policy maker consultation group, clean energy project developers, local and international investors, members of civic organizations, and members of the academe. The list of all participants to the Forum is provided in Annex I.
AGENDAThe Forum consisted of an Opening Ceremony, Panel Discussions on Barriers and Solutions for Clean Energy Investment in China, Clean Energy Business Plan Competition, an Awards Ceremony, as well as a Networking Reception. The agenda of the Investor Forum is in Annex II.
OPENING CEREMONIESThe Opening Ceremonies was led by Steven Zeng, China Country Manager of the ECO-Asia Clean Development and Climate Program (CDCP). Special Address was given by Mr. Robert Goldberg, Deputy Chief of Mission, United States Embassy, China; Keynote Addresses were delivered by Mr. Han Wenke, Director General, Energy Research Institute, National Development and Reform Commission (NDRC), and Mr. Huang Jianping, on behalf of Mr. Dallas Kachan, Director of Marketing and Media, Cleantech LLC.
In Mr. Robert Goldberg's address, he expressed his congratulations to the launching of CTI PFAN China. He hoped this program can make a substantial contribution to Sino-USA cooperation on climate change and sustainable development globally. As the keynote speaker, Mr. Han introduced policy developments on renewable energy and energy efficiency development in China. He expressed his hope that this program can provide assistance to the clean energy sector, including renewable energy and energy efficiency businesses and companies in China, to access investors who are engaged in clean energy development. Finally, Mr. Huang gave a speech on facilitating Clean Technology Investments, and emphasized the important role of matching facilities, like CTI PFAN, in clean energy development and investment.
PANEL DISCUSSION The Panel Discussion on Barriers and Solutions for Clean Energy Investment in China was facilitated by Peter du Pont, Chief-of-Party of the USAID Eco-Asia CDCP, and composed of: (1) Mr. Yang Fuqiang, Senior Adviser of WWF China; (2) Mr. Huang Jianping, Chairman Emeritus & Chief Strategic Adviser of Ipgroup Inc.; (3) Mr. Liu Miao of Huadxia Bank of China; (4) Ms. Jiao Jie, Director of ACT; and (5) Ms. Yvonne Li, on behalf of Mr. Stewart Craine of Barefoot Power.
The discussion focused on the existing environment and situation on clean energy project development and investment, the major barriers faced by non state-owned enterprises and businesses, especially the small and medium sizes enterprises, and possible pro-active solutions considering the financial crises in the world and in China. Mr. Yang reviewed the policy and regulation progress achieved after the Renewable Energy Law became effective on 2006 in China, as well as the targets and challenges for policy work for renewable energy and energy efficiency.
Mr. Huang gave the perspective of the investment sector, and with his experiences and lessons learned, he gave the participants his recommendations to entrepreneurs and business developers on how to achieve financing successfully. Furthermore, he expressed his pleasure to be the partner of CTI PFAN China, and his desire to work together with CTI PFAN to build a network of deserving projects and facilitate their financial closure. He believed that these innovative partnerships can bring both economic and environmental benefits to the countries where they operate.
Mr. Liu Miao of Huaxia Bank of China introduced the objectives and mission of the banking sector, with emphasis on the criteria for project financing due to the security requirements of the banking system. He presented general interests in financing clean energy projects and businesses Huaxia Bank financed in the past. His points gave a positive sign that more and more commercial banks in China have paid attention to the clean energy sector, and seek opportunities to be involved in the promising future of this field.
Ms. Jie of ACT, with a backgroud in project development, tackled barriers they faced while developing the projects, and options for clean energy financing in China and in the world. Ms. Li shared her experiences on successful cases of micro financing on renewable energy projects. She provided suggestions and advice to the businesses and companies on clean energy fields on how to get the attention of investors and then obtain the financing efficiently.
As a facilitator of the discussion, Dr. Peter Du Pont summarized that clean energy businesses and enterprises have huge potential for scale up in China due to adequate policy support and ambitious targets of development set up by the government. On the other hand, one of the major barriers faced by these businesses and enterprises is lack of financing, despite the presence of investors with capital for good projects. He stressed that bridging this gap is CTI PFAN's primary objective.
Through the panel discussion, the meaningful exchange of ideas and responses to issues expressed by stakeholders provided the participants a chance to understand the priorities of each sector in light of the challenge of balancing environment conservation vis-à-vis the energy demand of sustained economic growth. Concerns on how to deal with the barriers, and their corresponding solutions were discussed at length.
CLEAN ENERGY BUSINESS PLAN COMPETITIONMr. Suneel Parasnis, Team Leader of Clean Energy Finance, introduced the competition rules and regulations, as well as the four judges: (1) Mr. Li Yan/Mr. Chen Dong of IFC; (2) Mr. Li Lixin, Venture Partner of Northern Light Venture Capital; (3) Mr. Wand Zheng of Noble Carbon Credits; and (4) Mr. Charlie Dou, Renewable Energy Expert.
Ten CTI PFAN-mentored projects presented their investment pitches in the clean energy business plan competition. The following are the ten clean energy projects and developers who delivered their investment pitches:
1.Electric Vehicles: Changzhou Mai-ke-ka Electric Vehicle Technology Co.
2.Energy Efficiency (ESCO): Hebei Fakai Scientific Power Utilization Service Co.
3.Biomass: Hainan Century Light Investment Co.
4.Biomass: Beijing Bai'an Neng'qi Tech. Co.
5.Solar PV: Nantong Sky-solar PV Tech. Co.Clean Tech Energy Systems
6.Landfill gas to power: Nanjing Long-term Environment Technology Development Co.
7.Biodiesel: Fuxin Shouxin Tech. Development Co.
8.Hydropower: Gangzhou Youen Jiangyuan Power Investment Co.
9.Biogas to power: Beijing Changxintaida New Energy Technology Co.
10.Hydropower: Wanpahe Hydropower Development Co.
The Brief of Clean Energy Businesses and Projects1.Project on Micro Low-speed Electric Vehicle and Its Control System, Changzhou Micro EV Technology Co.Presenter: Mr. YANG Wenhua, Vice General Manager
Micro Electric Vehicle project is developed by Changzhou Micro EV Technology Co., Ltd from Tsinghua Entrepreneurial Team. The location of the project is Changzhou of Jiangsu Province.
Total investment by 2012 is US$ 22 million and US$14 million is needed. Moreover, 15% of shareholding can be offered. Payback period is 4 years. For the project is still at the initial stage, it's predicted that there shall be no clear profit during 2009. A 19-30% reduction in carbon emission will be realized after the petroleum-based vehicles are replaced by electric ones.
At present, the production of electric bicycles and electric motorcycles in China ranks No. 1 in the world, and there is a complete industrial chain system. There is a certain scale in low-speed electric vehicle (golf cart, and tourist coach, etc., which adopt the traditional single-axis electric motor and gearbox drive), and the higher grade electric sedan is still under R&D, with few being put into actual volume production. Compared with the electric motorcycles, the micro-electric vehicle is safer and more comfortable, and thus is able to improve the quality of life. The industrial upgrading and further substituting of the four-wheel micro-electric vehicle driven by the wheel hub for the traditional electric motorcycles will meet the commuting demands of most wage-earning class and the demands on global energy saving and CO2 emission reduction.
To download the presentation, please click here.
2.Hebei 600,000 KW Efficiency Power Plant Construction Project, Hebei Fakai Scientific Power Utilization Service Co.Presenter: Ms. ZHAO Cuicui, Project Manager
Hebei 600MW Efficiency Power Plant Construction Project is developed by Hebei Fakai Scientific Utilization of Electricity Service Co., Ltd. The company is located in Shijiazhuang, the capital city of Hebei province.
Hebei Efficiency Power Plant Construction Project has finished the investigation of market potential. The technical expert group has been sent to the relevant enterprises of the project to work on the energy efficiency audit and the power-saving project design. After completion of the evaluation, project establishment as well as design and review of its subprojects, the project will be duly implemented during 2010 to 2013, and the 600MW efficiency power plant will be finished by 2013.
This project, based on the related technical requirements, has taken all the factors into consideration such as enterprise scale, qualities of technical products and market reputation and so forth, and has determined over 10 main suppliers of equipment. After the design of the technical modification scheme is completed, our company will sign a procurement agreement with suppliers and carry out installation and commissioning as soon as possible. Meanwhile, we will sign an energy-saving benefit sharing agreement with related enterprises.
Hebei Efficiency Power Plant Construction Project belongs to an energy efficiency project, which conforms to the requirements of Medium and Long Term Plan of Hebei Power Demand Side Management, and it is also an important measure to achieve the energy saving and emission reduction objective described in the "11th Five-Year Plan" of Hebei. Based on the experience of DSM demonstration project in Hebei, this project will be carried out by constructing the efficiency power plant for the single project in bundles through integrating the resources like funds and technologies and adopting the EPC market-oriented operation mode, so as to increase the financing options, expand the financing scale and establish a scientific, efficient, flexible and systematic market-oriented operation mechanism.
The total investment by 2010 is RMB 100 million, and 2011 to 2013, total investment is to be RMB 1.6 billion. The required investment of equity by 2010 is RMB 90 million. The estimated payback period is 1-3 years, with IRR of 14%. The estimated emission reduction of carbon dioxide by 2013 (when 600MW capacity equivalent high efficiency power plants installed) is 3 million tons and the sulphur dioxide is 30,000tons in 15 years' time.
To download the presentation, please click here.
3.Biomass Power Plant Project Plan, Hainan Century Xiangguang Investment Co., Ltd.Presenter: ZHAO Hongwei, General Manager
The principal developer of Hainan Biomass Power Generation Package Project is Hainan Century Xiangguang Investment Co., Ltd. The company is located in Haikou, the capital city of Hainan Province.
Biomass energy generates power through combustion, and the project generates electricity and heat to supply the local development zone and power grid. The project is located in Hainan with abundant biomass energy resources.
About this project, installed capacity of single project is 2*15MW, annual power generation capacity is 169 million kWh, and the on-grid price is RMB 0.412 per kWh in Hainan. At present, the State provides subsidy of RMB 0.25 per kWh and temporary subsidy of RMB 0.1per kWh for biomass energy, the current price of local biomass raw materials in Hainan is about RMB 200 per ton. The efficiency of biomass power generation is as high as about 90% basically, and the annual power generation hour can be more than 7,200 hours.
All the generated power is purchased by China Southern Power Grid (Hainan is the province lacking of power) and the power grid shall purchase all the power generated by renewable resources according to renewable resources law.
Total investment of the project is 280 million. The ratio of total equity is 30%, among that, equity already committed holds 15% and the needed equity sought is 15%. Total debt is 70%, all of that has been committed. The shareholding will be offered by 50%.
Phase I of the project will process 700 tons MSW per day, the RDF will be fed into a 7 MW power plant as fuel.
Currently, Cleansave has secured Memorandum of Agreements with different MSW hauling contractors. Total investment cost is USD 21.7 M, with a 70:30 debt equity ratio.
To download the presentation, please click here.
4.Biomass Pellet and Combustion Technology: Beijing Bai'an Nengqi Technology Co., Ltd.Presenter: CHE Zhanbing, Chairman and GM
The project is developed by Beijing Bai'an NengqiTechnology Co., Ltd, Registered and incorporated in 2006 with a registered capital of RMB 1 million, and its registered office is located in Haidian District, Beijing. The location of the project is three districts of Beijing: Tongzhou, Fangshan and Huairou.
This project is to use "Bai'an Nengqi Biomass Energy Application Technology System" to build six medium and small-sized biomass granule fuel factories (amounting 6 standard closed-loop profit units of Bai'an Nengqi ) in suburb rural market towns of Beijing, which fully utilizes abundant waste biomass resources like crop straw in rural areas to solve the problem that the daily cooking, especially the heating in winter of rural residents in our country cannot be guaranteed in local or nearest region. The waste resources are used for green energy production to form a complete industrial chain, so as to contribute to the increased income and improvement of farmers' living standards and quality as well as energy saving and emission reduction.
The construction period of the project is one year and a half, and the annual production capacity will be 30,000 tons of biomass granule fuel after the project reaches its designed production capacity. All the biomass granule fuel will be sold in the nearest regions.
Total investment is 35.4 million. CO2 emission reductions are estimated 1,121,800 tons in 15 years.
To download the presentation, please click here.
5.Manufacture Line of 150MW/a TiO2-based Solar Cells Project: Nantong Sky-solar Photovoltaic Technology Co., Ltd. Presenter: LUO Mingzhe, Financial Expert and Contractor
Nanocrystalline TiO2-based Solar Cells Manufacture Project is located in Zhenxing Rd, South City Industrial Zone, Rudong, Jiangsu, developed by Nantong Sky-solar Photovoltaic Technology Co., Ltd. The company was established on May 7, 2008 and registered in 1 Zhenxing Rd, Juegang Town, Rudong County with registered capital RMB 5 million. Its main business is wholesale and retail of solar modules, solar energy systems, solar street lights, etc.
The company aims to lead rapid development and perfection R & D of solar cells and expand the market. When producing high quality solar cells, it has had a number of R&D personnel engaged in research of nanocrystalline TiO2-based solar cells and achieved initial achievements. It plans to carry out large-scale industrial production to make more contributions for human beings to make full use of green and environment-friendly solar energy.
Total investment is RMB 66.5 million. About 20% equity has already committed and 80% is newly sought.
International manufacturing capacity of solar cell components keeps growing since the solar cell market has expanded. New investors set their sights on solar photovoltaic industry and the competition becomes increasingly severe. The largest advantages of dye sensitized nanocrystalline cell are the cheap raw materials and simple manufacturing technology. It is estimated that cost of dye sensitized nanocrystalline cell is only 1/10 of silicon cell cost. Meanwhile, it has no high requirements about lighting conditions and its light transformation rate will not be greatly affected even in indoor area with inadequate sunshine. Furthermore, its manufacturing technology is simple, and the performance is steady and innoxious.
Research and development has commenced in March 2008,. At present, the pilot process has been ended and the production preparation is underway. RMB 28 million has been invested.
To download the presentation, please click here.
6.Landfill Gas Power Generation Project: Nanjing Langterm Environment Technology Development Co., Ltd.Presenter: HUANG Zhen, Director of Development Dept.
Landfill Gas Power Generation Project is developed by Nanjing Langterm Environment Technology Development Co., Ltd which is Registered and established in Nanjing of Jiangsu Province in 2006 with registered capital of RMB 10 million.
Landfill gas power generation project is a renewable energy power generation project, which complies with national substantial development, clean production, energy conservation & emission reduction, and other industrial policies, so it is supported by many national policies.
Total investment of the project is 22.5 million. The total equity is 12 million, the total debt is 10.5 million and 40% of shareholding will be offered with issuance of preferred stock. The amount of Carbon dioxide Emission reduction is estimated 380,000 tons in 20 years' lifetime.
To download the presentation, please click here.
7.Fuxin 100,000-tpa Bio-diesel Project: Fuxin Shouxin Technology Development Co., Ltd.Presenter: FAN Shouxin, Chair & GM
Fuxin 100,000-tpa Bio-diesel Project is developed by Fuxin Shouxin Technology Development Co., Ltd, which is a renewable energy project that the State encourages to invest. The construction site of the project is rich in raw material resources, including acid oil and ditch oil. After completion, the project can provide rich raw oil for bio-diesel projects. The location of the project is Gongguan Village, Wofenggou Town, Fumeng County.
Fuxin Shouxin Technology Development Co., Ltd. formally established the partnership with Beijing Qingyan Lihua Science & Technology Development Co., Ltd in March 2007. Through consultation, the two sides decided to use Qingyan Lihua's pilot study results to expand production line to reach an annual output of 100,000 tons of bio-diesel in Fuxin. The project has a total investment of RMB50 million, including RMB 21.7 million of investment in fixed assets and RMB 28.3 million of working capital. The project has obtained vigorous support of Fuxin municipal committee and municipal government. The project was put on record in October 2007 and is expected to be completed for operation by the end of 2010.
Total investment is 50 million, or which 6 million has been spent in the early stage. Depending on the amount of equity financing, the ratio can be negotiated. The payback period is 7 years including construction period. According to the current market prices of diesel, the annual profit will reach RMB 23 million. It is estimated that the total emission reduction of CERS will be 4 million tons.
The project was filed to Fuxin City Development and Reform Commission for record in October 2007; in March 2007, a technology transfer contract was signed with Beijing Qingyan Lihua Science & Technology Development Co., Ltd.; and the civil works have already started.
To download the presentation, please click here.
8.Project of Wuyang 20MW Hydropower Station: Gangzhou Youen Jiangyuan Power Investment Co.Presenter: CHEN Chunfa, General Manager
Project of Wuyang 20MW Hydropower Station is developed by Ganzhou Union Jiangyuan Electric Power Investment Co., Ltd.
The shareholders are Xiamen Union Electric Power Development Co., Ltd, Ganzhou Jiangyuan Technology Development Co., Ltd, Xinfeng Liyuan Innovation and Development Co., Ltd., all privately-owned enterprises holding 58%, 30% and 12% of stocks respectively.
Wuyang Hydropower Station is built mainly for generating electricity in Tieshikou Town, Xinfeng County, Jiangxi Province. With two bulb tubular turbine units installed, whose total installation capacity is 20,000kW (10,000kW for each), the average generating capacity of the station for many years is 67.89 million kwh, and the annual utilization hours are 3,395h. The station adopts two transmission outlets: one is connected to the 110kv mid-substation of Jiangxi Ganzhou Power Supply Company and another connected to Baishi Transformer Substation of Xinfeng County. 8,430 mu of area is inundated and 384 persons are migrated.
The total duration of the project of Wuyang Hydropower Station is 3 years. The investment in the 1st year is RMB 72.98 million, investment in the 2nd year is RMB 78.22 million and that in the 3rd year is RMB 36,243,700.
The total investment is RMB 180 million. The total equity part is RMB 60 million, 30 million already committed and 30 million sought. The total debt needed is RMB 120 million. Moreover, CO2 emission reductions are 1.83 million tons in 30 years' lifetime.
To download the presentation, please click here.
9.1MW Biogas Power Generation Project in Large Scale Livestock Farm: Beijing CXTD Energy Technology Co.Ltd.Presenter: YUAN Xiulan, General Manager
1MW Biogas Power Generation Demonstration Project of Inner Mongolia Yili Industrial Group is developed by Inner Mongolia Taida New Energy Project Management Co., Ltd. The project is located in Hohhot, Inner Mongolia, which is a major province of livestock farming in China. The major issues faced are whether the farming scale of dairy cows is large or not, and whether cattle dung will cause environmental pollution.
Total investment is 35 million. An equity of 10 million has already been committed and new shareholder' financing is required. The percent of shareholding offered can be negotiated. Payback period is 10 years without carbon financing consideration. It is conservatively estimated that the annual income from electricity sales will reach RMB 4.91 million. The income will be more considerable if the ecological fertilizers are developed and application for the carbon financing project is successful. The estimated emission reductions are 640,000 tons in 16 years.
For the project, the treatment capacity of cattle dung and sewage is 500t/d; the output of biogas is 11,000m3/d; the power generation capacity is 21,500kWh/d; the production of solid organic fertilizers is 28.2t/d and that of liquid organic fertilizers is 500t/d; the CO2 emission is 40,000tons annually. It is predicted that the annual revenue from power generating will be RMB 4.91 million and that from organic fertilizers will be RMB 3 million.
Taking this project as an example, it is promoted under the guidance of relevant national departments. In the first year of large scale implementation, the 1MW biogas power generation project will be established; in the second year, the 4MW project will be implemented and the total capacity will reach 5MW; in the third year, 10MW projects will be carried out, and the total capacity will reach 15MW finally.
The project adopts the BOT operation mode. Beijing Changxin Taida New Energy Science and Technology Co., Ltd. will transfer all the assets of the project to Yili Group for free after 16 years' independent operation of the project. It is a new-type, more professional and more representative operation mode and can be duplicated in a large scale, which plays a good demonstration role in the future large-scale biogas projects.
To download the presentation, please click here.
10.Yunnan Wanpahe Phase Two 5MW Hydropower Station: Baoshan Wanpahe Electricity power development Co., Ltd.Presenter: GAO Pengyi, General Manager
Yunnan Wanpahe Phase Two 5MW Hydropower Station is developed by Baoshan Wanpahe Electricity power development Co.Ltd., based in Baoshan City, was established in February 2005. The registered capital is 1 million Yuan. The site of the project is located in Longyang District of Yunnan Province.
The developer is entitled to develo phase 2 and phase 3 cascadeed hydropower stations with a total installed capacity of 6.6MW (phase 3 of 1.6MW was operational in 2007). There will not have any environment impact, nor resettlement issues since this is a run-off type of station.
Total new installed capacity is 2×2.5MW, with an average electricity generation of 29.455 million kWh, and annual operational hours of 5891h. The electricity supplied to the grid is 23.5950 million kWh, with generated CERs amounting to 20735t/a.
Total investment of around 28.50million Yuan (RMB). The fulfilled part of it is 20 million Yuan which covered the construction of the road to the station, the dam as well as the channel. The additional financial requirement is 8.50 million Yuan (RMB).
The projected income, including power generation revenue, is 4.011million Yuan/a, whicle the CER income is 1.806 million Yuan/a based on a CER unit price of 8.5EURO. The IRR is projected as 11-13.13% considering CER income.
To download the presentation, please click here.
The highlights of the projects are tabulated here(Table1).
Awards Ceremony After each company has given their 12-minute presentation, four judges either asked questions to clarify the businesses and projects on the aspects of technical development, scale-up potential, and financing plan, or provided comments on investment pitch or financing strategy, which were highly appreciated by the presenters and participants.
Having scored by the judges, one winner and three second-winners were awarded. Mr. Collin Green of Climate Change specialist of USAID gave the remarks and issued Certifications for four winners and other six proponents.
The winner is:- Nanjing Langterm Environment Technology Development Co., Ltd.
The second winners are:- Beijing CXTD Energy Technology Co.Ltd.
- Beijing Bai'an Nengqi Technology Co., Ltd.
- Baoshan Wanpahe Electricity power development Co. Ltd.
CLOSING REMARKS Mr. Peter du Pont gave the closing remarks. He congratulated the winners of the competition, and expressed appreciation for the efforts and contribution of all CTI PFAN China partners, mentors and coaches, as well as companies that cooperated. He hopes that as a network for clean energy financing, CTI PFAN cooperates with partners and potential partners, companies and experts to promote the clean energy development smoothly and successfully to achieve the objects of sustainable development and climate changes mitigation in China and in the region.
Networking reception for participants including project developers and owners, banks and financial institutions, investors and fund managers, and policymakers and advisors was hosted by USAID and Eco-Asia Clean Development and Climate Program after closing remarks.
FEEDBACK FROM PARTICIPANTSAccording to the feedbacks collected from all participants, the Forum was successful and obtained highly reputation from proponents and participants due to:- Completion of agenda;
- Comprehensive and updated information provided by keynotes speeches;
- Clear and critical points of view of panel discussion on barriers and solutions from different sectors;
- High quality of projects presentation;
- Intelligent judges for the Q&A;
- Well organized execution and materials preparation;
- Well-managed pace of the program;
- Organized logistics work.
The Feedback summary report is as Annex IV.
TESTIMONIAL Through CTI Private Financing Advisory Network, our company has found investment lead from all across the globe and developed links to important business partners. We have learned from CTI PFAN that it is vitally important to emphasize the major elements in the business plan that entice the interests of investors, and we have practically rewritten our business plan. The concrete advice and assistance provided by the CTI PFAN helped us reach out to investors in a most effective fashion.
Paul Rodriguez, President and CEO, ASEA One Power Corporation
Winner of the CTI PFAN Philippines Clean Energy Investor Forum
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