Terms
- Announced
- 24 Apr 2025
- Instrument
- Debt
- Amount
- UndisclosedReported as undisclosed (US$40m across three projects)
- Source
- mirova.com
Parties
- Project developer
- iTeraka - TERAKA Project
- Country
- Madagascar
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Mirova Investor Undisclosed No value disclosed
Carbon
- Pathway
- ARR (afforestation, reforestation, revegetation)
- Project type as recorded
- Community-led reforestation of 6,000 hectares of degraded land, Madagascar
What happened
- Mirova announced a nature-based carbon investment in the TERAKA Project in Madagascar, developed by iTeraka. The community-led initiative aims to reforest 6,000 hectares of degraded land in central and eastern Madagascar by planting 3 million trees over eight years. Mirova's release gives US$40m invested across the three projects (Juramento, GANBOS and TERAKA) and does not split it by project, so no value is recorded on this row.
Kumo note
- - Understood to be debt: Mirova's release says only that US$40m was invested across three projects and does not state the instrument. - TERAKA is one of three Mirova nature-based carbon investments announced together (with Juramento and GANBOS); it is community-led, and the amount for this project is not published.
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