Dutch company Yeager Energy has secured an investment from Pioneer Point Partners LLP worth more than €100mn to grow its geothermal energy and infrastructure business.
The Pioneer investment accelerates Yeager’s growth strategy within the Dutch geothermal sector, financing two significant acquisitions and establishing Yeager as a leading full-cycle geothermal operator.
Through the financing, Yeager has acquired a majority interest in geothermal company Aardwarmte Vogelaer and signed another acquisition expected to close by the end of this quarter. These acquisitions significantly increase Yeager’s operational assets and establish a strong foundation for further growth in the sector.
Currently, the company’s strategy is to develop, own and operate geothermal energy projects and associated infrastructure to benefit the greenhouse horticulture, residential and industrial sectors through the provision of reliable, cost-competitive and sustainable heat.
With the investment, Pioneer will become a majority stakeholder to support Yeager’s development alongside independent fund manager and Yeager’s first international investor, Kerogen Capital. Pioneer’s investment will allow Yeager to expand its portfolio and make a significant contribution to the European energy transition.