Terms
- Not ranked
- Offtake, therefore not eligible for carbon financing league table
- Announced
- 30 Jan 2025
- Instrument
- Offtake
- Amount
- 7,000,000 tCO2eNo cash value disclosed
- Source
- chestnutcarbon.com
Parties
- Project developer
- Chestnut Carbon
- Country
- United States
- Buyers
Carbon
- Pathway
- ARR (afforestation, reforestation, revegetation)
What happened
- "This new carbon removal purchase agreement involves multiple phases with forward-starting 25-year terms that will result in more than 7 million tons of U.S.-based carbon removal credits delivered to Microsoft over the offtake term" (Chestnut release, 30 Jan 2025). Volume recorded at the 7m t floor. Payment timing not stated, so it does not rank.
Kumo note
- - The take-or-pay offtake that the US$210m non-recourse facility on DEBT-002 was lent against, which is what made the forest bankable before the trees were grown.
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