Dutch geothermal energy company Yeager Energy (“Yeager”) is pleased to announce it has secured a commitment of more than €100 million from Pioneer Point Partners LLP (“Pioneer”), the sustainable infrastructure investment firm, and its existing shareholders, to grow its geothermal energy and infrastructure business. In addition, Yeager executed agreements to acquire two geothermal energy companies in The Netherlands, substantially increasing the scale of the portfolio.
- More than €100 million commitment to accelerate growth of Yeager Energy’s geothermal energy and infrastructure business;
- Investment from Pioneer finances two significant acquisitions, including a majority interest in Dutch geothermal energy company Aardwarmte Vogelaer;
- Pioneer to become majority shareholder, supporting Yeager’s development alongside existing investor Kerogen Capital.
The Pioneer investment accelerates Yeager’s growth strategy in the Dutch geothermal sector, financing two significant acquisitions and establishing Yeager as a leading full-cycle geothermal operator. Yeager has acquired a majority interest in Aardwarmte Vogelaer, a Dutch geothermal energy company, and has signed another substantial acquisition expected to close this quarter. These acquisitions significantly increase Yeager’s operational asset base and establish a strong foundation for further growth, in addition to the four licenses Yeager already holds in the Netherlands.
Yeager’s strategy is to develop, own and operate geothermal energy projects and associated infrastructure to benefit the greenhouse horticulture, residential and industrial sectors. Yeager aims to provide reliable, cost-competitive, and sustainable heat in a safe and responsible manner.
With the investment, Pioneer will become a majority shareholder, supporting Yeager’s development alongside Kerogen Capital, an independent fund manager focused on international energy and Yeager’s first institutional investor. The investment by Pioneer will allow Yeager to expand its portfolio and make a significant contribution to the European energy transition.
Pioneer is an independent, sustainable infrastructure investment firm with a focus on the energy transition and environment sectors across Europe. Pioneer’s sustainable objectives are to contribute to climate change mitigation and/or transition to a circular economy. Pioneer has over €1.7 billion of equity committed across Europe and its latest fund is classified as an Article 9 (green) fund under the EU Sustainable Finance Disclosure Regulation (SFDR).
