About Us
Green Star Royalties Ltd. is a royalty investment company that invests in North American cleantech and carbon opportunities, with a particular focus on nature-based and technological carbon removal, energy optimization, battery storage, material recycling, alternative energy and fuel generation, and other innovative solutions that help enable a net-zero economy. We fund cash-flowing and near-cash-flowing opportunities, leveraging our growth capital to help companies meaningfully scale-up from their commercialization point. We structured some of the world’s first cleantech and carbon royalties and our objective is to provide shareholders exposure to decarbonization projects with leverage and upside to project expansion and optimization as we look to continue pioneering climate finance solutions.
Green Star Royalties has been in operation since 2021, originally as a pure-green subsidiary of Star Royalties Ltd., with the goal of funding sustainable environmental solutions for a net-zero economy and deploy capital into highly scalable ESG-related investments with attractive returns. Led by the same management team since inception, we provide flexible, non-dilutive royalty financing to catalyze decarbonization solutions while targeting excess returns across our portfolio of diversified and derisked cleantech and carbon royalties.
Our investment philosophy prioritizes stakeholder alignment, strong corporate governance, and tangible commitments to environmental stewardship to ensure a sustainable future. From a project-level perspective, to ensure quality, scalability and longevity, we established working partnerships with top-tier North American project developers, as well as expanding relationships with numerous Canadian Indigenous communities and First Nations.
As a Company that prides itself in specializing in bespoke and operator-friendly financing solutions, our partnerships are instrumental to our ability in structuring mutually beneficial agreements that optimize our counterparties' capital structure and generate a return well above our cost of capital.
Highlights and Investment Rationale
- First Mover Advantage: Significant opportunity to scale by providing much-needed capital to rapidly growing sectors
- Decarbonization Royalties in North America: Leveraging the proven royalty model and investing in innovative cleantech and carbon opportunities in Tier 1 jurisdictions
- Growing Recurring Cash Flow: Existing portfolio generated free cash flow in 2025 and is expected to meaningfully grow with upcoming investments
- Sizeable and Premium Project Pipeline: ~US$50M1 across multiple high-return investment opportunities
1 The stages of these opportunities range from early-stage discussions to advanced commercial term negotiations. There is no assurance any of the potential opportunities will result in a finalized royalty investment. - Tenured Team of Experts: Extensive capital allocation and project evaluation expertise in the cleantech and carbon sectors
Investment Strategy
Opportunity
- Tier 1 jurisdiction with the lowest
geopolitical risk (USA, Canada, Western Europe, Australia) - Experienced and financially stable
counterparty - Proven project type/technology
(Technology Readiness Level 8–9) - Revenue certainty through secured
contracts, offtake/purchase agreements - Flexible capital requirement
(construction, expansion, acquisition,
balance sheet improvement)
Economics
- >10-year royalty term
- US$5–10M investment (flexible
pending project economics) - Cash flow generation within the next
12–24 months - >20% after-tax IRR and >3x MOIC
- Replicability of structure/opportunity
for follow-on capital deployment
Approach
- Generate after-tax returns well above
our cost of capital while mitigating risk - Clear strategic fit, strong counterparty
alignment, measurable co-benefits - Extensive financial, technical, and
legal diligence undertaken by our
internal team and third-party
consultants - Flexible royalty structure (flat, step-up, step-down, etc.)
Why Partner with Us?
We are not simply investors in environmental projects. We pride ourselves on being collaborative and transparent partners to project owners, with the ultimate goal of enabling a net-zero economy. Our management team has decades of combined industry experience and a deep understanding of structuring creative transactions that work for all those involved. That makes us partners of choice. Our royalty business model, North American focus, and strong expertise in governance and environmental stewardship also make us attractive to both generalist and ESG-focused investors.
Experienced Management of Capital Allocators and Project Evaluators
Our team’s combined experience comprises decades of senior roles in capital markets and project evaluation. Our experience and time spent in various aspects of these industries have allowed us to cultivate strong industry relationships over many years of engagement, resulting in a pipeline of opportunities and an extensive global asset knowledge base.