Chestnut Carbon, a nature-based carbon removal developer, has announced the successful closing of a landmark non-recourse project finance credit facility of up to $210m – a first-of-its-kind bank financing for a US voluntary carbon removal afforestation project.
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Ørsted secures project financing for Taiwan wind farm
Ørsted has reached financial close on a project finance package with 25 banks and five Export Credit Agencies (ECAs) to raise approximately TWD90bn (about DKK20bn) for the 632MW offshore wind farm Greater Changhua 2. This is part of the financing structure for the project, on which Ørsted simultaneously is progressing as planned with an equity divestment expected to be completed once the project is operational. The transaction ensures further progress on both Ørsted’s partnership and divestment programme and its strategic priorities.
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13 May 202526 July 2025Climate, Regulation, Updates
Law Society: on the front foot re climate risks
The Law Society in the UK has launched new guidance to help solicitors navigate climate change in property transactions. The Law Society said that, as climate risks become more prevalent, solicitors may need to highlight relevant legal issues to clients during property transactions. Its new practice note includes practical guidance to help address common challenges identified by solicitors.