In 2021, PFAN’s Southeast Asia region was split off from South Asia, which helped to strengthen and consolidate efforts in Southeast Asia. By the end of the year, the region had a pipeline of 62 projects, representing a total investment ask of $917 million.
In the wake of November 2021’s COP26, and with an intensifying focus by donors and investors in supporting Southeast Asia’s energy transition, PFAN identified significant opportunities to achieve success in our core niche of clean energy and climate projects in the region. In 2021, we accepted 48 applications from the region and selected 23 projects for PFAN support.
PFAN provided a $50,000 USD ”Tipping Point Technical Assistance” grant to Thien Phu Energy to support the cost of feasibility assessment for 2 x 30 MW wind energy projects in Ben Tre, Vietnam. It is expected that the project will proceed and will close an investment of $130 million during 2022, which will be by far the largest single project for PFAN in Asia during the past several years. Further projects in Cambodia, Myanmar and Vietnam working in the areas of rural electrification and energy access, clean transport and climate adaptation successfully received investment in 2021.
PFAN continues to strengthen our partnership with the Sustainable Energy Association of Singapore (SEAS) through co-hosting capacity-building events such as PowerACE competition and i-Pitch events with Southeast Asian entrepreneurs and investors. Through the partnership with SEAS, we provide our expertise in business coaching and investment facilitation services for start-ups to scale up innovative technologies in clean energy and clean technology. PFAN is also partnering with the Southeast Asia Energy Transition Partnership’s (ETP’s) Energy Efficiency Innovation Window, a $1.5 million grant fund to catalyze innovative energy-efficiency technologies and financing mechanisms.
SEA in 2021
$3,008,448
Total investment leveraged (USD)
Projects that reached financial closure
4
Clean energy capacity added (MW)
71.92
Total Advisors
22
Female Advisors
7
Locally-based Advisors (%)
87
Total number of projects supported
23
New partnerships established
5
Total number of projects supported by country
Technology area of new projects in the pipeline
Financial closure success story
Location
Vietnam
Investment Amount
$2,100,000 USD
Technology
Clean transport
Meet our Network in Southeast Asia
PFAN Advisor Laurie Navarro
Laurie Navarro is a PFAN Advisor and Country Coordinator for the Philippines, with over 30 years of experience in securing financing for clean technology projects.
In addition to her role at PFAN, Laurie is the Energy Efficiency Component National Coordinator for the Philippines for Low Carbon Energy Programme, and the President of CSi Energy Solutions International where she performs consulting work for projects in the fields of clean technology project development, implementation, conducts feasibility studies, monitoring and evaluation.
She was previously a Market Development Expert at London-based Carbon Trust, where she led a team of local and international experts responsible for identifying potential sites for implementation of the Productive Uses of Renewable Energy (PURE) project. PURE aimed to introduce renewable energy powered post-harvest processing of agricultural and fisheries products to increase their market value, thereby giving additional income to the farmers and fishermen.
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.
