Dutch geothermal energy company Yeager Energy is pleased to announce its second acquisition this year, involving the geothermal energy company Wayland Energy in the Netherlands. This acquisition follows Yeager's earlier purchase of a majority interest in the geothermal energy company Aardwarmte Vogelaer in February. These acquisitions are part of Yeager's strategy to build a portfolio company in the geothermal energy and infrastructure sector in the Netherlands.
The acquisition of Wayland Energy and Aardwarmte Vogelaer earlier this year significantly increases Yeager's operational asset base with two producing assets and establishes a strong foundation for further growth with up to 10 development projects, in addition to the four licenses Yeager already holds in the Netherlands. Yeager looks forward to working with all existing and new clients of Wayland and Vogelaer for the supply of sustainable geothermal heat.
The commitment of more than €100 million from the sustainable infrastructure investment firm Pioneer Point Partners LLP earlier this year supports the growth of Yeager's geothermal energy and infrastructure business.
Yeager's strategy is to develop, own, and operate a portfolio of 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. In implementing its strategy, Yeager will continue to expand through both organic growth and strategic acquisitions.
For more information:
Yeager Energy
www.yeager-energy.com