Pioneer Point Partners has invested in Yeager Energy, a Dutch geothermal platform that develops, builds and operates geothermal energy projects for the horticulture and residential sectors. Pioneer, along with Yeager’s shareholders, has committed €100 million ($103 million) to the platform.
Founded and managed by an experienced executive team that spent more than 34 years collectively at Shell, Yeager aims to provide reliable, cost-competitive, sustainable heat in a safe and responsible manner. Kerogen Capital, which has been a shareholder since 2021, will retain a minority share in the company after the completion of the acquisitions.
Yeager is the first investment through its second institutional fund, Pioneer Infrastructure Partners II, a value-added Article 9 fund under Sustainable Finance Disclosure Regulation (SFDR). Pioneer Infrastructure Partners II’s initial investment is being used to acquire two further geothermal companies with operational assets that