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.

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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