- $210M project finance facility secured for U.S. afforestation, a first for the voluntary carbon market
- Backed by Microsoft’s 25-year carbon removal offtake from Chestnut Carbon
- Structured by J.P. Morgan and lender syndicate to bring infrastructure-scale financing to carbon projects
Microsoft and J.P. Morgan are powering a breakthrough in climate finance. Nature-based carbon removal startup Chestnut Carbon has secured a $210 million non-recourse project finance credit facility — the first of its kind in the U.S. voluntary carbon market — to scale large-scale afforestation projects.
The deal is anchored by Microsoft’s 25-year agreement to offtake more than 7 million tons of carbon credits from Chestnut’s Southern U.S.
