Terms
- Announced
- 30 Jan 2024
- Instrument
- Debt
- Amount
- UndisclosedReported as agreement to deploy up to US$40m into Cultivo projects; no amount deployed has been disclosed
- Source
- carbonherald.com
Parties
- Project developer
- Cultivo
- Country
- United States
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Octopus Energy Generation Lender Undisclosed No value disclosed
Carbon
- Pathway
- Soil carbon / regenerative agriculture
- Backed by offtakes from
Structure and cover
- Structure flag
- Commitment, not drawn
What happened
- Committed capital deployment of US$40m to Cultivo projects. This was followed up by a further US$60m commitment in March 2026
Kumo note
- Project capital rather than company equity. Octopus Energy Generation agreed to deploy up to US$40m into natural capital projects across North America, Europe and Australasia, announced alongside co-leading a US$14m Series A. On 12 March 2026 the deployment commitment was expanded by a further US$60m, taking it to US$100m in total and refocusing it on US grasslands.
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