In October 2018, Pioneer acquired UK energy platform Brockwell Energy Limited from Hargreaves Services plc. Brockwell has a range of Energy-from-Waste and onshore wind projects in Scotland with a potential capital requirement of £800 million.
Pioneer acquired Brockwell in partnership with global investment firm Davidson Kempner. The Energy-From-Waste sector in the UK is a high priority focus for Pioneer. With the reduction or elimination of landfill, uncertainty over the c3.5m tonnes of waste exported to Europe and pressures on recycling, there is a strong structural need for new, high efficiency plants.
Brockwell was identified as the ideal platform through which to pursue this strategy given its existing projects and experienced management team. The Brockwell CEO, energy industry veteran Alex Lambie has been known to Pioneer for a decade.