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.
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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.
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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