Trust Horizon takes stake in renewable energy with Pioneer investment

Aniwhenua Power Station

Trust Horizon has joined the Tōtara Energy Limited Partnership (LP) syndicate to invest in New Zealand’s renewable energy generation.

The syndicate has invested a 30% stake in the Pioneer Energy Group LP, contributing to the group’s continued work in the renewable energy and waste-to-energy space. The investment will help fund the expansion of Pioneer’s wind, hydro, and anaerobic digestion operations, and help build a more sustainable future for Aotearoa New Zealand.

Pioneer Energy Group LP owns a 76% share of Pioneer Renewables, which includes generation assets and the electricity retailer Pulse Energy, as well as an 85% share of Ecogas – a business that converts food and other industrial waste streams into biogas and other products.

As owners of the Aniwhenua power station, Pioneer Energy Group LP also maintains a connection to the Eastern Bay of Plenty. “Trust Horizon supports the growth of renewable energy efforts throughout New Zealand,” says Trust Horizon Chair, David Glover. “However with our home here in the Eastern Bay, Pioneer’s connection to the area made it a strong fit for the Trust.”

Trust Horizon has taken a 1% stake in the Tōtara Energy LP, and is joined by nine other investors. These include Tauhara North No.2 Trust, Te Ngakinga o Whanganui Investment Trust, Tupu Angitu, Parininihi ki Waitōtara Incorporation, Ngāti Kahungunu ki Wairarapa Tāmaki-nui-a-Rua Investment Trust, Ngati Awa Asset Holdings, Soul Capital, Purpose Capital, and K1W1.

“This syndicate of Māori investors and impact investors was created with the shared goal of creating a better future through investing in sustainable energy,” says Glover. “With this investment, the Trust looks forward to supporting Pioneer Energy Group LP’s renewable energy ambitions – and its positive impact.”

Learn more about transitioning to sustainable energy here.