In November 2013, Pioneer formed a partnership with global investment management firm York Capital Management to finance the construction of solar energy farms in the UK. Primrose’s business plan was to build, own and operate a portfolio of 200-300 MW of solar projects in the UK.

Primrose completed its construction programme in June 2016 with the energisation of the 49 MW Eveley Farm project, which brought the portfolio to a total of 253 MW of operational solar farms.

Primrose successfully sold the portfolio in three transactions in 2016: 95 MW to the Bluefield Solar Income Fund in January, 78 MW to Greencoat Solar I LP in November, and the final 80 MW to Equitix in December.

AigŁes Ter Llobregat

In December 2012, a consortium including Acciona, Pioneer and several Spanish family offices was awarded a 50-year, €1 billion concession to operate the wholesale B2B water network of Barcelona and surrounding areas. ATLL collects, treats, and distributes water to 116 local water companies serving 5m inhabitants and businesses in Europe’s 4th largest urban region.


In May 2011 Pioneer acquired Masotina Spa, a leading northern Italian waste recycling company.  Pioneer and existing management have bought out Masotina’s family owners and Pioneer has committed significant further funding for the acquisition of identified targets and capex to promote aggressive organic growth.   Founded in 1937, Masotina Spa is a Milan-based provider of waste recycling services nationwide and operates two recycling facilities.


In August 2010 Pioneer invested in Peak Gen Power to build, own and operate distributed and flexible power plants in the UK. Between August 2010 and March 2016 Peak Gen grew from zero to 300 MW of plants contracted or operational, with plans to grow to 500 MW.

In March 2016 Pioneer sold its interest in Peak Gen back to the family office that financed the investment.