Energy sovereignty is climate justice. As Aotearoa moves toward net-zero, the question isn’t just how we transition, but who leads and owns that transition. We’ve invested in Pioneer Energy, one of Aotearoa’s few remaining community-owned gentailers, alongside Tōtara Investments, an iwi Māori consortium committed to embedding te ao Māori values in the clean energy future.

Pioneer is a profitable and established renewable energy company with assets across hydro, wind, and biomass, and a growing focus on waste-to-energy. Its consistent returns and strong alignment with the energy transition made it a compelling addition to the portfolio.

Through this investment, Te Pae helped bring smaller Māori investment entities into a major infrastructure deal. Our capital played a catalytic role in positioning Tōtara as the preferred bidder and supported our broader aim of shifting capital toward kaupapa Māori, community-led investment partnerships.

We also worked with Pioneer’s board to ensure that future capital allocation, including projects like the second Ecogas facility, are commercially sound and impact-aligned.

This is what we believe impact capital can do when it backs Māori leadership. More than clean energy, it enables intergenerational ownership of the assets that power our future.