Green Earth Group N.V. (“Green Earth” or “the Group”) (Euronext: EARTH, NL0009169515), a leading end-to-end project developer of nature-based solutions, announces that it has signed a binding long-term Emission Reduction Purchase Agreement (“ERPA”) with Climate Impact Partners (“CIP”), for the delivery of carbon credits from its Mount Kenya Regenerative Agroforestry Project in Kenya (the “Project”).
The agreement follows the previously announced exclusivity Letter of Intent with an indicative value between €30 million and €45 million. It establishes a multi-year framework for the purchase of the full projected verified carbon credit issuance from the Project—in excess of 1.5 million credits over a 15-year period, subject to verification and certification outcomes. The agreement also includes provisions allowing the buyer to increase contracted volumes if the Project’s performance exceeds current expectations.
The Project began formal development in March 2022 and covers large-scale agroforestry and reforestation activities in the Mt Kenya and Aberdare regions. The Project achieved validation and registration under the Verified Carbon Standard (VCS) administered by Verra in October 2024, confirming compliance with the independent standards required to generate verified carbon credits. Based on the current monitoring and certification schedule, the first issuance of credits is expected in 2027.
The ERPA provides a long-term commercial framework for the delivery of verified carbon credits that represent measurable climate and biodiversity benefits, including reforestation, improved soil health, strengthened ecosystem resilience, and long-term carbon sequestration. Delivery volumes will depend on independent verification outcomes and certification timelines.
With a multi-million euro contract value, the agreement represents a significant commercial milestone for Green Earth and supports the Group’s strategy of securing long-term offtake agreements with reputable international buyers.
Chief Executive Officer Selwyn Duijvestijn commented:
“Nature-based projects require patience and disciplined execution. We began developing the Kenya agroforestry project in 2022, achieved VCS validation in 2024, and are progressing towards the first credit issuance in 2027. Signing this long-term offtake agreement confirms that the structured approach we follow—developing high-quality projects and building relationships with credible buyers—is translating into tangible commercial outcomes. It provides long-term revenue visibility for the project and reinforces the demand we are seeing for high-integrity nature-based carbon credits.”
Sheri Hickok, CEO of Climate Impact Partners, added:
“Long‑term offtake agreements are one of the most effective ways to scale high‑quality carbon removals, and a clear signal as the market transitions towards an infrastructure‑like model. They provide the certainty projects need and the integrity climate‑leading companies demand. This partnership demonstrates how organisations can act today to secure high‑quality credits for their long‑term climate goals by directing capital to projects that deliver measurable, lasting impact."
Frequently Asked Questions
What is a substantial long-term offtake agreement?
A long-term offtake agreement is a binding purchase agreement under which a buyer commits to purchase future carbon credits from a project once they are independently verified and issued. In this case, the agreement covers the projected verified carbon credit issuance from Green Earth’s Mount Kenya Regenerative Agroforestry Project over a 15-year period, subject to verification and certification outcomes, and represents a multi-million euro commercial commitment.
Based on publicly available information, this represents one of the largest long-term offtake agreements announced in the nature-based carbon market in 2026.
Why is the exact contract value not disclosed in this press release?
The press release balances transparency with the need to respect commercial sensitivities, particularly in the context of a coordinated multi-party announcement. In addition, contractual confidentiality obligations restrict the disclosure of certain commercially sensitive terms of the agreement.
Accordingly, the release refers to a previously communicated indicative value range of €30 million to €45 million and describes the agreement as having a multi-million contract value. Further detail will be disclosed in line with contractual permissions and applicable regulatory requirements.
What volumes are covered by the agreement, and can they increase over time?
The agreement covers the full projected issuance of the Project up to 2040, expected to exceed 1.5 million verified carbon credits over that period, subject to verification and certification outcomes. Any issuance beyond the committed 1.5+ million tonnes (expected by 2040), through to the Project’s expected end date in 2061, remains uncontracted.
The agreement also includes provisions allowing the buyer to increase contracted volumes if the Project outperforms current expectations.
When are the first carbon credits from the Project expected to be issued?
Based on the current monitoring and certification schedule, the first issuance of carbon credits from the Project is expected mid-2027.
About Climate Impact Partners
Climate Impact Partners partners with organisations taking ambitious climate action. With 27+ years of experience, they’ve helped leading businesses reduce more than 150 million tonnes of CO₂e - turning climate ambition into measurable results.
Climate Impact Partners delivers high-quality carbon market solutions: developing and financing impactful projects with local partners, managing carbon credit and energy attribute certificate portfolios, and helping companies put a price on carbon to drive change. By connecting corporates, governments, innovators, and project partners, they accelerate investment in climate solutions that deliver verified impact and advance progress toward net-zero goals.
About Green Earth
Green Earth is an end-to-end project developer of high-quality, large-scale nature-based solutions accredited by leading standards. The company is driven by a mission to make regeneration scalable and investable for people and the planet. Green Earth’s projects enhance biodiversity, restore ecosystems, and improve community livelihoods worldwide. Green Earth oversees the full project lifecycle, from initial design to long-term monitoring and credit issuance, ensuring integrity and transparency at every stage.
The company’s global team of specialists combines world-class expertise with a local presence to deliver measurable environmental and social outcomes that enable businesses and governments to achieve net zero while creating lasting economic value. Green Earth Group is publicly listed on Euronext Amsterdam under the ticker symbol AEX:EARTH and ISIN code NL0009169515. www.green.earth
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Disclaimer
This press release qualifies as a disclosure within the meaning of Article 17 paragraph 1 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (MAR) and contains inside information within the meaning of Article 7 paragraph 1 MAR. This press release does not contain an (invitation to make an) offer to buy or sell or otherwise acquire or subscribe to shares in Green Earth and is not an advice or recommendation to take or refrain from taking any action. This press release contains statements that could be construed as forward-looking statements, including about the financial position of Green Earth, the results it achieved and the business(es) it runs. Forward-looking statements are all statements that do not relate to historical facts. These statements are based on information currently available and forecasts and estimates made by Green Earth’s management. Although Green Earth believes that these statements are based on reasonable assumptions, it cannot guarantee that the ultimate results will not differ materially from those statements that could be construed as forward-looking statements. Factors that may lead to or contribute to differences in current expectations include, but are not limited to: developments in legislation, technology, tax, regulation, stock market price fluctuations, legal proceedings, regulatory investigations, competitive relationships and general economic conditions. These and other factors, risks and uncertainties that may affect any forward-looking statement or the actual results of Green Earth are discussed in the annual report. The forward-looking statements in this document speak only as of the date of this document. Subject to any legal obligation, Green Earth assumes no obligation or responsibility to update the forward-looking statements contained in this document, whether related to new information, future events or otherwise. The provision of Green Earth’s services and products is subject to its General Terms and Conditions.
