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deal · 8 August 2023
Base Carbon Capital Partners Corp
Base Carbon Capital Partners Corp.: a firm purchase of afforestation/reforestation removal from Value Network Ventures Advisory Services Pte Ltd..
Amount$13,600,000
Capture pathwayAfforestation/reforestation
Storage mediumecosystem
Commitment typefirm
Deal structureofftake
Source pathway descriptionNature-based carbon removal project focused on the reforestation of degraded rural farmlands through afforestation, reforestation, and revegetation (ARR); planting of approximately 6.5 million native and naturalized trees including Citrus, Guava, Mahua and medicinal species on smallholder lands in Uttar Pradesh, India
Delivery window20-year project life with first carbon credit issuance expected Q1 2025; credits issued in relatively equal tranches over the 20-year period
Project locationUttar Pradesh state, India
VerificationVerra VCS program
NotesBase Carbon, through wholly owned subsidiary BCCPC, is the buyer/financier. VNV is the project development partner/supplier. Total capital commitment of approximately US$13.6 million as prepayment for carbon credits in tranches over 10 years: US$2.6 million deployed upon execution; US$7.4 million aggregate by end Q1 2024; US$7.3 million initial project capital expenditure anticipated through Q1 20
Durability defaultedtrue
Previous durabilityconventional
Previous durability basispathway-default
Durability notePathway default removed; duration requires source evidence
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