Global Green Carbon Corporation (GGCC) has completed a structured financing deal with Legends Capital to develop reforestation projects.
The company recently announced the acquisition of Andean Carbon Corporation, which is the project developer of the Guayllbamba Watershed reforestation project in Quito, Ecuador. GGCC is also involved in reforestation efforts in Peru, Honduras, Nicaragua, Mexico, and Columbia where they seek to manage new reforestation projects utilizing carbon credit finance mechanisms.
Commenting on the deal, Christopher Werner, co-founder and CEO of GGCC, said: “Closing this structured financing agreement will allow us to focus 100% of our energy on developing significant reforestation efforts which will dramatically reduce greenhouse gas emissions removing millions of tonnes of CO2 from our atmosphere”.
FinSMEs
04/11/2009