PFAN's main website

PFAN Annual
Report 2022

Hosting partners:
  • PFAN
  • 3 Total investment leveraged (USD billion)
  • 1803 Clean energy capacity added (MW)
  • 1327 Total projects supported by PFAN
  • 243 Total projects that reached mobilised financing
  • 18% of projects mobilised financing
  • 4.93 Potential CO2e emission mitigation (megatonnes/year)
  • 37 Countries where financing was mobilised
  • 638 Projects in the PFAN pipeline

The Private Financing Advisory Network

Now more than ever, supporting small and medium-sized enterprises (SMEs) that focus on climate change is crucial. SMEs play a critical role in driving sustainability, reducing greenhouse gas emissions and increasing climate resilience. By increasing investment in and supporting SMEs that prioritize climate action, we can help create a more resilient and sustainable future, while also promoting economic growth and job creation.

Throughout 2022, we continued our work with our global network of locally-based clean energy and climate finance experts. Our focus remained on bridging the gap between entrepreneurs and investors, which includes capacitating entrepreneurs to develop bankable projects, increasing investor confidence in and providing access to climate and clean energy projects as well as enhancing the capacity of local ecosystems to develop self-sustaining and gender-responsive climate mitigation and adaptation markets

With a focus on clean energy and climate mitigation and adaptation, PFAN has been in operation since 2006, making it one of the longest-standing project preparation facilities working with SMEs in developing country markets. Our efforts have resulted in a milestone in 2022: since inception, PFAN-supported projects have mobilized USD 3 billion in investment.

We are proud of the PFAN global network and the climate entrepreneurs PFAN has supported in 2022 and are thankful to our donors for continuing to make this successful journey possible.

We invite project developers, donors, investors, partners and anyone interested in our work to join us in reading this report. We hope you find it insightful and inspiring as we continue to work towards a more resilient and sustainable future.

The PFAN Team
Our Team

What PFAN does

The Private Financing Advisory Network is a global network of locally based climate and clean energy finance experts, which offers free business coaching and investment facilitation to entrepreneurs developing climate and clean energy projects in low and middle-income countries.


PFAN in 2022

2022 was a year of global challenges: ongoing impacts of the pandemic and the war in Ukraine resulted in a significant increase in food and energy prices and tightening financial conditions, all factors which are hindering the efforts towards the Paris Agreement on Climate Change and the Sustainable Development Goals. Despite these challenging circumstances, PFAN celebrated the remarkable achievement of USD 3 billion leveraged by PFAN-supported climate and clean energy projects.

In 2022, 47 PFAN-supported projects mobilised financing and leveraged over USD 865 million. We are continuously working to improve our support for climate entrepreneurs, including looking at new ways of creating impact and introducing new service modules to get them better equipped to interact with investors. Last year, we capacitated PFAN Advisors to transform them into effective agents of gender-equitable change in their support to entrepreneurs. We also increased our focus on the circular economy with dedicated capacity building to our networks and launched a knowledge corner on the topic.

We further intensified our efforts to raise awareness of the need for adaptation solutions and organised several events to originate projects with a focus on climate adaptation. With the return of more in-person events, we took the opportunity to showcase PFAN’s work in adaptation at COP27 and facilitate a space for discussion and exploring key challenges and opportunities in scaling up adaptation finance and closing existing gaps between relevant actors.

In line with the year’s second focus on the circular economy, PFAN provided capacity building to our network through a series of webinars where participants learned about and discussed the circular economy, its relevance to PFAN and the type of circular business models PFAN supports and launched a dedicated learning corner.

In 2023, we look forward to continuing our support to impactful climate SMEs towards mobilizing private investment, intensifying our efforts on those regions, countries and markets with a higher transformational impact, in line with our donors’ priorities.

in investment leveraged billion
  • 2006
  • 2010
  • 2014
  • 2018
  • 2022

After reaching the milestone of USD 2 billion in investment leveraged by PFAN-supported projects and businesses in 2021, in just over one year, we are celebrating another milestone of USD 3 billion in investment leveraged. We are not stopping here, as we continue to grow PFAN on our journey to create greater transformative impacts. Project origination and development are increasingly important to create compelling climate investment opportunities to mobilise climate finance, reduce GHG emissions, contribute to the Paris Agreement and Sustainable Development Goals and empower and accelerate a just transition.

2022 in numbers

  • 865 Total investment leveraged (USD million)
  • 47 Projects which mobilised finance
  • 500 Clean energy capacity added by projects which mobilised finance (MW)
  • 185 New projects which received PFAN support
  • 22 New partnerships established
  • .579 CO2e emission reduced last year (megatonnes)
  • 58 New PFAN Advisors added to the network
  • 230 PFAN Advisors around the world

Regional Focus

PFAN works in low and middle-income countries across the globe. To facilitate regional operations, we have six Regional Coordinators who oversee Country Coordinators and Advisors. To streamline our presence in Africa, in 2022 we combined our previously three regions of Eastern Africa, Southern Africa and Western Africa into sub-Saharan Africa under the leadership of Regional Coordinator Wilfred Mworia.


The PFAN Journey

Climate mitigation and adaptation projects inducted into PFAN’s development pipeline receive support in a three-stage process known as the PFAN Journey.

After each stage, a review is conducted by PFAN’s Regional Coordinators to ensure the business is ready to proceed to the next stage, if not, we provide guidance on the next steps to pursue. This has enabled closer handholding and guidance for the entrepreneur, by not just their PFAN Advisor, but also by our most senior project development specialists and investment facilitators.

This structure has provided PFAN with the flexibility to fast-track advanced projects that would benefit from advancing from Stage 1 directly to Stage 3, or even repeat stages, for less mature projects, thereby better providing a more customer-oriented tailored service to entrepreneurs.

In 2022, the services provided in Stage 2 were enhanced to provide additional support. Including supporting the project developer to secure Power Purchase Agreements (PPA) and licenses/permits, guidance and coordination of feasibility studies, land identification and negotiation of land acquisition, and development of financial model from the ground up, among others.

Since the launch of the revamped PFAN Journey, over 530 entrepreneurs across the globe started the PFAN Journey, of whom 309 and 68 reached Stage 2 and Stage 3 respectively. Over 40 projects reached the end of the PAN Journey and successfully mobilised finance.


How we work

The PFAN Journey

  • Action plan
  • Project development
  • Investment facilitation
  • Up to 18 months

Video: Wilfred Mworia, Regional Coordinator, Sub-Saharan Africa

Choir Solar PV’s PFAN Journey

  • 2021 March
    Acceptance into the development pipeline

    PFAN’s regional evaluation panel and technical committee reviewed the entrepreneur’s application and, considering its potential impact and maturity, decided to induct the Choir Solar PV project into the PFAN Journey.

  • 2021 July
    Stage 1 – Action plan development

    Once the project was selected for PFAN support, Zula Luvsandorj, PFAN Advisor in Mongolia and Regional Gender Focal Point, developed a plan with the Sunsteppe company to further refine the financial model of the PV power plant.

  • 2021 September
    Stage 2 – Project development

    In September 2021, after receiving the initial project assessment during the first stage of the PFAN Journey, Zula continued to provide support to the project in the second stage through updating their financial model and business plan and developing a presentation pitch deck.

  • 2022 June – July
    Stage 2 – Project development

    In June 2022, Zula notified the PFAN regional team that this project would need further project development assistance, as the latest support was provided in September 2021. More specifically, after the previous round of comments and suggestions, it was decided to thoroughly reshape the financial projections and use another approach for calculations. For this purpose, a second PFAN Advisor, Viacheslav Antonenko, was brought in and successfully assisted the project in refining their financial model during this stage. The coaching provided by both advisors mainly focused on improving the financial model, which was key to attract the attention of several investors.

  • 2022 August
    Stage 3 – Investment facilitation

    Zula supported Sunsteppe in this stage by organizing a tender to invite four investors and selecting the most economical one. She supported the entrepreneur through full legal and commercial due diligence, conducted by the investor’s legal counsel. Furthermore, Zula provided her expertise for negotiating and closing the documentation of the project (share purchase agreement, share transfer agreement and shareholders agreement).



What PFAN has done?

Sunsteppe’s Choir Solar PV is the first PFAN-supported project in Mongolia which has mobilised finance. Thanks to PFAN support on the refinement of its financial model, the entrepreneur closed a deal with one of the four investors that were facilitated by their PFAN Advisor: Enserv Asia Equity Pte, a Thailand-based renewable energy developer and investor.

Enserv Asia Equity Pte agreed to finance the project on an equity basis to start the construction. However, in parallel they will be arranging the debt finance from Thailand Exim Bank to finance 70% of the project cost by debt.

The solar power plant is expected to supply approximately 100,000 households with clean energy from solar PV generation. The project will supply the national grid of Mongolia with a tariff set by the government at USD 15.2c/kwh with a Power Purchase Agreement with the national grid.

The Choir Solar PV project will not only contribute to providing clean electricity to the grid, but will also positively impact women by providing employment opportunities for rural women in Choir Prefecture. Furthermore, it is one of the few projects in renewable energy with a female co-founder in Mongolia, and the ownership structure of the organization is 75% female.


PFAN Network 2022

The PFAN Network is made up of private-sector companies and individual experts who specialize in providing investment and financial advisory services to climate and clean energy entrepreneurs. In 2022, 58 new PFAN Advisors joined our network, bringing the total to 230 Advisors worldwide.

  • 85 Advisors in this region
  • 17 Female advisors in this region
Daniela Rakotomamonjy PFAN Advisor, Country Coordinator for Madagascar & Francophone SIDS

Daniela is a proven leader with a strong commitment to her country’s economic development, with an environmental engineering background and 16 years of experience in project development, business and entrepreneurship, a degree from HEC Paris in International Business Management and the University of Nevada in Business and Entrepreneurship.

Daniela's tips for entrepreneurs
  • 23 Advisors in this region
  • 4 Female advisors in this region
Simmi Sareen PFAN Advisor for India

Simmi Sareen is a chartered accountant and an MBA from London Business School with 25+ years of financial services experience. Since 2012, she has been focused on enabling access to capital for climate tech start-ups in India. Beyond PFAN, Simmi is also building Climake as a growth platform for early stage climate tech start-ups to access markets and innovative financing options. The platform also publishes collaborative research on gaps and opportunities in climate finance.

Simmi's tips for entrepreneurs
  • 28 Advisors in this region
  • 6 Female advisors in this region
Itty Varugis PFAN Advisor, Country Coordinator for Thailand

Itty Varugis is a PFAN Advisor and our Country Coordinator for Thailand, from where he helps climate and clean energy entrepreneurs secure investments for their projects. Itty has advised enterprises in clean energy, energy efficiency and climate adaptation. For over three decades he has consulted to major multinational corporations, large national enterprises and start-ups, and is culturally adept in ASEAN, India, China, Japan, Australia and the USA

Itty's tips for entrepreneurs
  • 31 Advisors in this region
  • 8 Female advisors in this region
Diyaz Baiseitov PFAN Advisor, Country Coordinator for Kazakhstan

Diyaz Baiseitov is a renowned local expert on renewable energy and sustainable construction. His impact is most notable in the form of pilot renewable systems installation for the SME and population equivalent to 2.5MWh of clean energy harvested every sunny hour. Such activity is complemented by broad consultancy and educational practice aimed at researching and disseminating the best sustainability practices among students, farmers, NGOs and corporate audiences. As a solar techpreneur, he won local and international contests, attracting USD 250k into his startup, which was rated second among the top ten innovative companies.

Diyaz's tips for entrepreneurs
  • 29 Advisors in this region
  • 5 Female advisors in this region
Patrick Longmire PFAN Advisor for Guatemala, Haiti and Jamaica

Patrick Longmire is an independent consultant advising energy project developers on raising financing from international institutions. He has over 30 years of experience in finance in the United States, Latin America and Africa, during which time he has closed project financings with a total transaction value in excess of USD 1 billion. He was previously a Managing Director with SEAF, a leading impact private equity investment company, and spearheaded Castalia’s Clean Energy Transaction Advisory practice focusing on Africa.

Patrick's tips for entrepreneurs
  • 13 Advisors in this region
  • 3 Female advisors in this region
Napolioni Batimala PFAN Advisor for Fiji

Napolioni is the founder and principal of two firms, Qavio Consulting, a business and investment advisory for SMEs with a particular focus on resource owners, and N Batimala Consulting, a Chartered Accountant firm in Fiji. He has built and developed an exemplary professional career, including being the CEO of Merchant Finance Pte Limited and Fijian Holding Group in the past. He is a Registered Auditor Tax Agent,investment advisor, audio visual agent and insurance agent in Fiji.

Napolioni's tips for entrepreneurs

Gender Mainstreaming

In 2022, the work with Value for Women – a consultancy firm specialised in providing gender mainstreaming advisory services  – continued in order to ensure that the network of PFAN advisors received training on integrating gender aspects in the evaluation and advisory process, while supporting entrepreneurs in raising finance for their projects and businesses. The main focus of our gender mainstreaming activities centred on outreach to women entrepreneurs and exploring collaboration with women’s organisations with the support of the newly introduced Gender Focal Points, as well as implementation of activities which contribute to ecosystems becoming more gender inclusive.


Gender mainstreaming in PFAN advisory services

The roll-out of the Masterclasses on Gender Lens Advising was provided to all regions, which resulted in over 100 PFAN advisors successfully completing the trainings.

Some of the comments included:

“A big thank you to the entire PFAN team for this opportunity. And to Value for Women for the exemplary facilitation. I am passionate about women empowerment, and this has gone a long way to help me identify practical approaches and application to gender equality.” Lily Muturi, PFAN Advisor in Kenya.

“Well received. It’s a very important aspect for us in Mozambique, where we have been supporting gender and youth employability studies. This has been a very good capacity building exercise!” KemalVaz, PFAN Advisor in Mozambique

In order to ensure that the learnings from the trainings are fully integrated into the advisory process, PFAN has implemented the following actions and activities:

  • Gender Focal Points, who were introduced at the end of 2021, were empowered to drive gender inclusion initiatives in their regions working closely with our Regional Coordinators and Country Coordinators and continuous support from the gender team in Vienna to ensure that gender mainstreaming efforts are disseminated to the network, integrated in all coaching aspects and further advanced at the regional level
  • The PFAN evaluation tool was updated to reflect gender considerations. Our evaluators received additional training to acquire practical ways to apply a gender lens to project evaluation, give recommendations to the advisors on the opportunities to integrate gender aspects in the projects and businesses and how to reflect this in the action plan developed in the first stage of the PFAN journey.
  • Further refinements with regards to the PFAN application form and the reporting templates were implemented. The Gender Responsiveness Assessment was included in the application form asking the project developers to conduct a self-assessment of their project. PFAN is additionally asking the project developers to indicate whether they have a gender action plan or policies in place when applying for support. The Gender Responsiveness Assessment and the updated assessment tool were also integrated to the Call off 1 (first stage of PFAN support) report template to ensure that the PFAN advisors also assess the project’s gender impact and ensure that gender aspects are considered in the coaching process.


Outreach to women entrepreneurs

The outreach to women entrepreneurs and women’s organisations included a gender target ed campaign on social media with particular focus on sub-Saharan Africa to demonstrate PFAN’s work towards making projects and businesses more gender responsive for a positive impact on economic growth and society. The campaign included interviews with the Regional Gender Focal Points and the promotion of case studies in the region.

PFAN also continued our collaboration with the World University Service of Canada (WUSC) and participated together with a group of women climate entrepreneurs and other entrepreneurship support organizations for the launch event of Accelerating Women Climate Entrepreneurs (AWCE): A Roadmap for Donors and Investors. This event was organised in light of the AWCE, a unique project at the intersection of climate finance and gender, bringing together a consortium of partners including Aspen Network of Development Entrepreneurs (ANDE), the Aga Khan Foundation and WUSC, funded by Global Affairs Canada.

Another collaboration with WUSC involved the organisation of a webinar on “Supporting women climate entrepreneurs in sub-Saharan Africa”, where the study conducted by WUSC as part of the AWCE project on “Strategies for Incubators and Accelerators – Strengthening Ecosystems for Women Climate Entrepreneurs in Sub-Saharan Africa” was presented. In the run-up to the event, the Gender Focal Points engaged with women’s organisations in order to spark interest from women entrepreneurs to participate in the event and make them apply for PFAN support. As the webinar was successful, PFAN will look into replicating similar initiatives in other regions.


”I believe that when you empower a woman, you change a generation.’’

Lina Mushanguri, PFAN Gender Focal Point for Southern Africa




  • Value For Women

    Value for Women are a specialized advisory firm that helps organizations advance gender inclusion. Their solutions promote women’s participation and leadership in business, finance, and investment, with a focus on emerging markets.

    Visit website
  • World University Service of Canada (WUSC)

    WUSC is a Canadian non-profit organization working to create a better world for all young people. They bring together a diverse network of students, volunteers, schools, governments and businesses to foster youth-centered solutions for improved education, economic, and empowerment opportunities to overcome inequality and exclusion in over 15 countries across Asia, Africa, and the Americas.

    Visit website
  • Serengeti Energy

    Serengeti Energy is an Independent Power Producer (IPP) that develops, builds, operates and owns small to medium-sized renewable energy power plants of up to 50MW across sub-Saharan Africa.

    Visit website
  • Agri-Pitch Competition

    The AgriPitch Competition targets African youth aged 18 to 35 years working in the agricultural value chain. The finalists receive training to build business skill capacity with the requisite tools and knowledge to bolster their investor readiness, financial management, and help them pitch bankable business proposals.

    Visit website

Ecosystem-related activities

The USAID funded Pakistan Private Sector Energy Project (PPSE) organized a consultative dialogue on the gender and clean energy financing nexus. The workshop brought together representatives from the National Electric Regulatory Authority, State Bank of Pakistan, Private Power & Infrastructure Board, Engineering Development Board, K-Electric, private banks and financial institutions, as well as gender specialists. PPSE will work with the State Bank of Pakistan and other financial institutions for better access to finance for women-led businesses focusing on clean energy investments. Furthermore, it will work with its public sector partners to remove barriers to entry and participation for women in the clean energy sector. This consultation was an initiation to connect with industry leaders, finance experts, gender specialists and government representatives to develop a collective ecosystem towards gender responsive commitment in various sectors while also gathering insights in to sectoral gaps.

Moreover, PFAN initiated two new collaborations in 2022 involving outreach and selection of businesses, namely the African Development Bank Group’s 2022 AgriPitch Competition targeting young and women agripreneurs and the partnership with Serengeti Energy via the Umoja Incubator. With the involvement of the Gender Focal Points, gender aspects were integrated in the evaluation and advisory process of both partnership initiatives which were led by our partners Private Equity Support and Serengeti Energy respectively. These collaborations underlined that PFAN’s commitment goes beyond making our own advisory process more inclusive, but we also influence other entrepreneur support organisations to include gender aspects in their evaluation and advisory processes.


Since 2020, PFAN has been tracking its progress with regards to women-participation on all levels in its logical framework. The following overview depicts the achievements for three selected indicators over the last years.

Indicator Description 2020 2021 2022
% of women-led projects This indicator tracks the share of women-led businesses that are inducted into the PFAN pipeline. PFAN’s
definition of a women-led project or business is either if the shares held by women are over 50% or the
share of women in the management team are above50%. The aim is to ultimately have a gender-balanced
16,59% 24,54% 24,86%
% of women in management roles This indicator tracks the share of women in the PFAN leadership, i.e., in the Programme Management Unit
(PMU) and on the level of the Regional Coordinators (RCs). The aim is to have a gender balanced
leadership team
25% PMU

0% RC





% of female advisors and Country Coordinators This indicator tracks the share of women compared to the number of overall inducted network members.
Increasing the share of new women in the network will ultimately lead to a more gender balanced network
in the long run with the aim to ultimately have a gender balanced network.
23,39% 16,67% 27,12%



Efforts to increase gender mainstreaming across the network will continue in 2023. The following overview provides a short outlook on what can be expected in the coming year:

  • A PFAN anti-harassment policy will be developed and shared and implemented across the network to ensure that all women are provided with a safe working environment and equal opportunities for career progression without any form of harassment or discrimination.
  • A toolkit to develop a gender action plan with project developers will be developed and made available for the PFAN network. This should equip our advisors with the practical tools to work with the entrepreneurs they are supporting to make a clear plan on how to effectively integrate gender considerations in their operations.
  • A module / webinar for project developers and advisors on crucial aspects of a Gender Action Plan will be developed to capacitate the network as well as project developers supported by PFAN.


Gender Case Study


Find out more
  • Location Tanzania
  • Investment Amount USD 50,000
  • Technology Solar irrigation / agriculture

”Anywhere we can, we really try to bring in the gender focus so that we’re really addressing the needs of women in the country.”

Marianne Walpert, Co-CEO, Simusolar


Climate Adaptation

The focus of PFAN’s work has traditionally been on mitigation projects for the deployment of relatively mature clean energy technologies and, more recently, other innovative climate mitigation solutions. While this is paramount to reduce greenhouse emissions to help achieve the goals of the Paris Agreement, the implementation of solutions for adaptation plays a key role in reducing exposure and vulnerability to the impacts of climate change, also contributing to sustainable development.

Climate risks are rising, and impacts are already coming at only 1.1°C above pre-industrial temperatures. Some examples are the multiyear drought in the Horn of Africa, unprecedented flooding in South Asia, and severe summer heat across the northern hemisphere in 2022.


Mindful of the relevance and need for adaptation solutions, PFAN started looking into adaptation through pilot projects several years ago with positive outcomes. More recently, the private sector and investors, spearheaded by the Lightsmith Group and the support of various multilateral organizations, contributed to the definition of what consists of adaptation solutions by developing a taxonomy, which is used as the blueprint for PFAN’s engagement in this space.

However, it has been observed that the deployment of climate adaptation solutions faces additional challenges such as a high-risk investor’s perception or the lack of knowledge about these technologies and their business models. The Adaptation Gap Report 2022 stated that “global efforts in adaptation[…] financing and implementation continue to make incremental progress but fail to keep pace with increasing risks”.

To address these challenges, in 2022 PFAN intensified its efforts to raise awareness of the need for adaptation solutions and organised several events to originate projects with a focus on climate adaptation.


Resilient Investment in Southern Africa

In 2022, the concept note for PFAN’s Resilient Investment in Southern Africa-Technical Assistance Facility (RISA-TAF) project was submitted to the Green Climate Fund. The project was developed in partnership with Camco to mobilise private sector capital for climate adaptation projects and businesses in the agriculture sector in 8 countries in Southern Africa.

Two interconnected concept notes were submitted simultaneously and should be considered in conjunction:

  • The RISA Technical Assistance Facility (RISA-TAF): An application for technical assistance grant funding (UNIDO-PFAN).
  • The RISA Investment Facility (RISA-IF): An application for first-loss equity capital, to be used to catalyse investment in SMEs active within agricultural value chains that support climate-smart agriculture in target countries across the region (CAMCO).

Closing the Financing Gap for Climate Adaptation SMEs at COP27


PFAN hosted an evening event on the sidelines of COP27 titled “Closing the Financing Gap for Climate Adaptation SMEs” on Finance Day in Sharm El Sheikh, Egypt. The event highlighted the actions needed to mobilise the necessary capital to finance climate adaptation projects and businesses and emphasised how the roles of both the public and private sectors are critical in catalysing investment.

Three of our supported entrepreneurs from Southern Africa were invited to pitch their ideas to an invited group of stakeholders of climate adaptation finance, including entrepreneurs, investors,development finance institutions, NGOs and the donor community, including USAID, Norad, DFAT Australia, Camco, AECF, BOAD, Development Bank of Southern Africa (DBSA), BASE and Convergence Blended Finance.

Learn More
  • EMFED Farms & Trading Company
    • Location Ghana
    • Technology Climate adaptation
  • Livestock Trade Services
    • Location Kenya
    • Technology Regenerative agriculture / Solar irrigation
  • Simusolar
    • Location Tanzania
    • Technology Agriculture / Solar irrigation

Pakistan Private Sector Energy Project

2022 was a difficult year for Pakistan with unprecedented and historically devastating floods. However, the local and global realization for the mitigation of carbon emissions to curb the impact of climate change on vulnerable countries such as Pakistan was cemented, as well as PPSE project’s commitment.

Despite all odds, 2022 was a year of momentum for the PPSE project after the slow uplifting of restrictions of the Covid-19 pandemic, the project made steady strides in its project origination and helped bridge the gap between clean energy companies and investors in the country.

The total number of projects in the pipeline reached 31 with a total aggregate investment ask of about USD 380 million, ranging from an eclectic array of technology sectors, such as solar PPA, wind power, circular economy and e-mobility.

Understanding the sectoral reality of renewables and circularity in Pakistan, PPSE sought to foster and support the startup/SME sector through an accelerator program that inducted 20 innovative early-stage companies. Three companies have already garnered  USD 1,700,000 in seed investment, and a few are in the works to graduate to PPSE’s main project pipeline.

With dedicated advisors from across Pakistan with diverse expertise, PPSE further built its social and intellectual capital by inducting 18 new advisors in 2022, to its network of technical, transaction and financial advisory services, totalling 29 advisors.

As the energy and financial sector are particularly male-dominated in Pakistan, the project is dedicated to developing an intersectional and gender-responsive lens. Thus, PPSE launched its Gender Action Plan following a consultative dialogue and sectoral analysis with key stakeholders.

Lastly, PPSE established itself as an industry leader by initiating the Clean Energy Financing Pakistan Task Force (CEFP-TF), a community of practice, bringing investment professionals who are working on clean energy financing solution sand instruments in Pakistan. In 2022, 40 members joined from banks, development financial institutions, microfinance institutions, venture capital and equity investment.


  • $1.7M Total seed financing mobilised through the SME Accelerator
  • 31 New projects which received PFAN support
  • 116 People trained – PFAN Advisors and the Clean Energy Financing Pakistan Task Force
Case Study


Find out more
  • Location Islamabad
  • Investment Amount USD 1,000,000
  • Technology E-mobility

”By providing access to climate investors that startups would not otherwise have access to, PPSE increases the viability of cleantech projects and their ability to grow quickly.”

Mohammad Hadii, Co-Founder, ezBike

Pakistan Private Sector Energy Project

Find out more about PPSE’s activities in 2022 in its first annual interactive report.

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