Macquarie’s corporate and asset finance group
has secured a contract with British Gas to finance the purchase and
installation of smart and traditional residential gas and
electricity meters on a national basis in the UK.
The contract replaces part of British Gas’s
existing meter funding programme and significantly expands
Macquarie’s relationship with the UK’s largest energy supplier.
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Macquarie, through its subsidiary Capital
Meters, has been a long-term funder of British Gas in the
deregulated metering market in the UK since 2003.
John Wilson, executive director at Macquarie
Group, said: “Securing our position as a primary funder for this
programme demonstrates Macquarie’s ongoing commitment to provide
innovative energy and meter funding solutions for UK energy
companies.”
nick.huber@vrlfinancialnews.com
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