New York-based Solis Capital is bringing a streaming finance model to voluntary carbon markets, with an initial focus on Central Asia, a region that has been largely overlooked by international climate capital despite its significant restoration and agricultural potential.
The company has announced the formation of a dedicated carbon stream financing vehicle that will provide upfront and milestone-based funding to carbon project developers in exchange for contracted future delivery of verified credits or a share of credit sale proceeds.
Borrowed from the mining and energy sectors where royalty and streaming arrangements are commonplace, the structure is designed to help project sponsors cover early-stage costs before any credits are issued.
The model seeks to bridge a persistent financing gap in carbon markets as development costs that precede credit issuance, such as feasibility studies, land coordination, baseline surveys, and verification fees, are typically incurred years before a project generates any revenue from credit sales.
Target project types include afforestation, reforestation, improved agricultural land management, soil organic carbon, methane avoidance, and broader ecosystem restoration.
The vehicle will prioritize projects with strong additionality, conservative baselines, leakage controls, and transparent benefit-sharing arrangements.
Central Asia, with Kazakhstan named as a primary focus, was chosen for its large agricultural land base, restoration potential, and growing relevance to global climate finance, Solis Capital said.
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Projects must demonstrate clear land rights, local execution capacity, credible measurement and verification pathways, and access to recognized carbon standards.
“Carbon stream financing gives serious project sponsors a practical way to fund development costs before carbon credits are issued,” Katy Goncharova, a spokesperson for Solis Capital, said, highlighting the need to meet expectations around integrity, traceability, verification, and long-term credit quality among institutional buyers.
The firm expects to work with developers, land aggregators, technical consultants, and verification bodies, as well as corporate buyers seeking access to high-integrity voluntary carbon supply. No fund size was disclosed.
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