No Content Set

About us
Amber is a leading international investment manager. For over 15 years, we have mobilised capital into essential, responsible infrastructure.
What we do
We source, finance and manage infrastructure assets for both the public and private sectors, applying an integrated approach throughout the lifecycle of each investment.
Amber develops and invests across a wide range of infrastructure sectors, each characterised by a long-term investment horizon and robust, creditworthy counterparties.
As long-term investors, we recognise the need to consider how a changing world could impact our core business activities and investments.
News and insights
View our latest press releases and insights on key topics from across the business.
Our people are essential to our success. We are committed to building exceptional teams, maintaining our unique entrepreneurial spirit, and building a culture that is inclusive and impactful.


Gas Distribution

Cadent owns and operates four of the UK’s eight Gas Distribution Networks (GDNs), supplying almost 50% of the population. Cadent operates and maintains the gas network, it doesn’t buy, own or sell the gas.

Gas Distribution
Various, United Kingdom
equity ownership
financial close
March 2017 – 4.4%
June 2019 – 7.25%
term length
Regulated asset
Cadent Green Vehicles


Cadent manages a network of more than 131,000 kilometres of pipes, most of them underground, which transports gas throughout the North West, West Midlands, East Midlands, South Yorkshire, East of England and North London. 

Gas distribution networks (‘GDNs’) are well-established, predictable, and strong cash-yielding businesses. Key attributes include:

  • Highly-predictable, long-term, low-volatility cash flows 
  • A stable regulatory environment
  • Very long-life assets 
  • Strong levels of inflation linkage


Length of gas pipeline network

> 0,000 km

Customers connected to the gas network

c. 0 %

of UK population

Why we invested

INPP’s investment in Cadent strengthens its focus on investments in regulated assets delivering long-term, sustainable, inflation-linked revenues. This began in 2011 in the offshore transmission (OFTO) sector and then with investment into the Tideway project in 2015. The GDN assets are complementary to the other assets in INPP’s portfolio in terms of length and predictability of cash flow and also inflation protection.

Sustainable Development Goals (SDGs)

2030 Agenda for Sustainable Development adopted by UN Member States in 2015

SDGs supported:


Cadent continues to be a leading voice on the importance of hydrogen in the future energy mix to achieve the UK’s net zero ambitions. Cadent’s HyNet project in the North West has made important progress which when completed will bring hydrogen to the industrial markets of the North West. Cadent are also studying the blending of hydrogen into the natural gas networks, which will both enhance the country’s energy mix and make material contribution to achieving the UK’s net zero targets.

In addition to supporting SDG 9, Industry, Innovation and Infrastructure, Cadent is working towards its sustainability objectives of providing easier warmth, fairer opportunities and a greener society in line with its sustainability strategy. Cadent has an MSCI Sustainability Rating of AAA.

No Content Set