Herbert Smith Freehills Kramer advises the Clean Energy Finance Corporation on its A$40m investment in a forestry-based carbon initiative

Herbert Smith Freehills Kramer has advised the Clean Energy Finance Corporation (CEFC) on its A$40 million investment in an A$81 million forestry plantation project in the Tiwi Islands, owned by Tiwi Plantations Corporation and managed by plantation and carbon management investment company, Midway Pty Ltd.

The CEFC’s investment will support one of Australia’s largest nature-based carbon initiatives for the planting native species to produce sustainable timber. The initiative is projected to generate 5 million high-integrity Australian Carbon Credit Units. The Tiwi Plantations Corporation is owned, operated and governed by all eight Tiwi clans, and will deliver substantial economic benefits for the Tiwi community, including training and employment opportunities.