Chestnut Carbon Announces Afforestation Project and 15-Year Offtake Agreement with Microsoft for Carbon Removal

Dec. 26, 2023
The project will grow Chestnut's capacity to 500,000 acres and 100 million tons of carbon removal to meet increasing demand for carbon removal solutions by corporations and governments

Chestnut Carbon (Chestnut), a nature-based carbon removal developer, announced it has entered into a multi-year offtake agreement to provide Microsoft with nature-based carbon removal derived entirely from an afforestation project. 

With afforestation projects, trees and tree seedlings are introduced to establish a forest on deforested land or land that has not been previously forested. 

The project will see Chestnut grow its capacity to 500,000 acres and 100 million tons of carbon removal to meet the increasing demand for high-quality, cost-effective carbon removal solutions by corporations and governments. 

Through this project and the signing of a 15-year offtake agreement with Microsoft for nature-based credits, Chestnut will deliver 362,000 tons of projected carbon removal from its Sustainable Restoration Project Phase I and up to 2.7 million tons in aggregate across subsequent phases. 

"Microsoft's 15-year purchase agreement with Chestnut Carbon for afforestation-based carbon removal credits is a positive step towards Microsoft's carbon-negative goals. We are excited to collaborate with Chestnut and its Sustainable Restoration Project for high-quality, nature-based solutions located in the United States," said Brian Marrs, Senior Director of Energy and Carbon Removal at Microsoft.

About the Author

EnergyTech Staff

Rod Walton is senior editor for He has spent 14 years covering the energy industry as a newspaper and trade journalist.

Walton formerly was energy writer and business editor at the Tulsa World. Later, he spent six years covering the electricity power sector for Pennwell and Clarion Events. He joined Endeavor and EnergyTech in November 2021.

He can be reached at [email protected]

EnergyTech is focused on the mission critical and large-scale energy users and their sustainability and resiliency goals. These include the commercial and industrial sectors, as well as the military, universities, data centers and microgrids.

Many large-scale energy users such as Fortune 500 companies, and mission-critical users such as military bases, universities, healthcare facilities, public safety and data centers, shifting their energy priorities to reach net-zero carbon goals within the coming decades. These include plans for renewable energy power purchase agreements, but also on-site resiliency projects such as microgrids, combined heat and power, rooftop solar, energy storage, digitalization and building efficiency upgrades.