Aberdeen Standard Investments (ASI) infrastructure debt team has invested £48 million ($62 million) in a smart-meter business in the United Kingdom.
This partnership with Calvin Capital, a part of the Calisen Group, will help drive the United Kingdom’s green agenda forward, aligning homes with smart-meter ambitions and targets. ASI’s investment helps refinance 3.8 million smart meters and facilitate the installation of a further 6.4 million smart meters by the end of 2024.
The investment was made on behalf of the ASI Multi-Sector Private Credit Fund, as well as ASI’s strategic clients, including Phoenix Group, among others. The investment will deliver long-term, reliable cashflows, helping investors meet their future liabilities.
Over the last two years ASI has lent to a number of sectors within the United Kingdom’s renewables space, including wind, solar and hydro power and district heating.
“This market leading transaction highlights our focu
