Trust Horizon Joins Syndicate to Back Renewable Energy Expansion in New Zealand

Aniwhenua Power Station - Photo: Trust Horizon

In a significant step toward supporting renewable energy across New Zealand, Trust Horizon has joined the Tōtara Energy Limited Partnership (LP) syndicate.

To date, the syndicate has acquired a 30% stake in the Pioneer Energy Group, helping drive the group’s ongoing work in renewable and waste-to-energy initiatives. This new investment will support the expansion of Pioneer’s wind, hydro, and anaerobic digestion operations, all aimed at building a more sustainable future.

Pioneer Energy Group LP already owns a 76% share in Pioneer Renewables, which includes its generation assets and electricity retailer Pulse Energy. The group also owns and operates the Aniwhenua Power Station, maintaining a long-standing connection to the Eastern Bay of Plenty.

According to Trust Horizon Chair David Glover, the investment aligns with the trust’s vision to support the growth of renewable energy across Aotearoa.

“However, with our home here in the Eastern Bay, Pioneer’s connection to the area made it a strong fit for the Trust,” said Glover.

Trust Horizon has taken a 1% stake in the Tōtara Energy LP, joining 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

• Ngāti Awa Asset Holdings

• Soul Capital

• Purpose Capital

• 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.”