| Launched in partnership with the Kigali Cooling Efficiency Program (K-CEP), this new PFAN Call for Proposals seeks projects & businesses offering energy efficient cooling solutions, to provide them with comprehensive services which, depending on their needs and maturity, may include business coaching, investment facilitation, tipping point technical assistance, invitations to investment forum pitch competitions and participation in investor roadshows.
PFAN’s goal is to bring projects to investment ready status and then facilitate investor introductions, providing advisory services for both equity and debt financing.
PFAN has worked with hundreds of projects around the world; 112 of these have successfully raised over USD 1.4 billion in investment.
Current cooling technologies primarily rely on human-made F-gases that can be exponentially more damaging than carbon dioxide in causing global warming. Cooling also uses huge amounts of energy, often fossil fuels, and is therefore a critical carbon emissions reduction challenge. (source: K-cep.org)
PFAN will select applications not only from businesses in developing countries that deliver greenhouse gas reductions by moving towards lower global warming potential (GWP) refrigerants and improving energy efficiency of air-conditioning and refrigeration, but also from businesses working with other cooling solutions such as building design, shading, cool roofs, cold storage, cold chain technologies and super-efficient fans etc.
We strongly encourage women-led and gender-focused projects to apply for PFAN support.
South and Southeast Asia, the Pacific Islands, Eastern Europe & Central Asia, Caribbean & Central America, Sub-Saharan Africa
- PFAN evaluates and selects projects from the various regions on a quarterly basis and will continue to accept cooling efficient projects throughout the year. Deadlines for 4th Quarter Evaluation Rounds will be communicated in September.
Examples of cooling-focused projects previously supported by PFAN:
Cooling & agriculture, off grid power supply
Manufacture and sale of solar-powered energy independent dairy chilling machines to dairy cooperatives and farms in Africa.
Cooling & energy efficiency
Complete system that recycles the heat generated by air conditioners and uses it to heat water (without additional use of electricity). The efficiency created reduces the electricity consumption by 10% and reduces the heat transfer to the atmosphere by around 15%.
Cooling & agriculture, uneven grid power supply
Thermal energy storage system to keep milk cool at milk collection centres, as well as for cold storage and refrigerated transportation. It can be used with uneven grid power or solar energy, representing significant financial and carbon emissions savings when compared to diesel-operated coolers.
Cooling & homes
Energy-efficient ceiling fan that optimizes heat loss and achieves 65% more energy efficiency than a conventional fan.
Cooling as a service
For ALL Projects, the investment ask should lie between US$1 million and US$50 million. This may be disbursed in smaller tranches as requested.
ONLY for Energy Access and Rural Electrification Projects (clean cook stoves, solar home systems, mini grids) an exception is made, and the investment ask can lie between US$500 thousand and US$50 million. This too may be disbursed in smaller tranches as requested.
Angola; Benin; Botswana; Burkina Faso; Burundi; Cabo Verde; Cameroon; Central African Republic; Chad; Comoros; Congo; Cote d’Ivoire; Democratic Republic of Congo; Djibouti; Equatorial Guinea; Eritrea; Ethiopia; Gabon; Gambia; Ghana; Guinea; Guinea Bisseau ; Kenya; Lesotho; Liberia ; Madagascar; Malawi; Mali; Mauritania ; Mauritius; Mozambique; Namibia; Niger; Nigeria; Rwanda; Saint Helena; Sao Tome and Principe; Senegal; Sierra Leone ; Somalia; South Africa; South Sudan; Sudan; Swaziland ; Tanzania; Togo; Uganda; Zambia; Zimbabwe.
Antigua and Barbuda; Bahamas; Barbados; Beliz; Cuba; Dominica; Dominican Republic; Grenada; Haiti; Jamaica; Montserrat; Saint Kitts and Nevis; Saint Lucia; Saint Vincent and the Grenadines; Trinidad and Tobago.
Belize; Colombia; Costa Rica; El Salvador; Guatemala; Guyana; Honduras; Mexico; Nicaragua; Panama.
South and Southeast Asia:
Bangladesh; Bhutan; Cambodia; India; Indonesia; Lao PDR; Malaysia; Maldives; Myanmar; Nepal; Pakistan; Philippines; Sri Lanka; Thailand; Timor-Leste; Vietnam.
Central Asia and Eastern Europe:
Afghanistan; Armenia; Azerbaijan; Belarus; Georgia; Iran; Kazakhstan; Kyrgyzstan; Mongolia; Republic of Moldova; Tajikistan; Turkey; Turkmenistan; Ukraine; Uzbekistan.
Cook Islands; Fiji; Kiribati; Marshall Islands; Micronesia; Nauru; Niue; Palau; Papua New Guinea; Samoa; Solomon Islands; Tokelau ; Tonga; Tuvalu ; Vanuatu; Wallis and Futuna.
Examples of eligible projects
- Projects and businesses which deploy clean and renewable energy and/or climate change technologies for productive uses;
- Greenfield & brownfield utility projects, independent power producer and distributed generation projects (for both thermal and electrical energy);
- Existing projects which are operating at small or pilot scale and which are ready for scale-up;
- Projects which increase access to energy for remote communities, including rural electrification, off-grid and mini-grid projects, thermal energy and clean cooking solutions;
- New or expanding business ventures in clean energy and related technologies, including downstream projects (focused on deployment of existing technologies) and upstream projects (focused on development and commercialisation of a new clean technology);
- Mergers, acquisitions or joint ventures, which will add value to an existing clean energy / technology business.