BCPG USA to acquire Hamilton Holdings II from Carlyle Group and Cogentrix for £210m.

BCPG USA, a company that operates in renewable energy with solar power, hydropower, wind power and natural gas businesses, agreed to acquire Hamilton Holdings II, a public property and investment company, from Carlyle Group and Cogentrix for £210m. “This investment is in line with the Company's strategy in expanding the power generation business as well as generating immediate cash flow to the Company.These two projects achieved commercial operation in 2016 andsell electricity in PJM market which is the largest and most liquid power market in the US. Their strategic location provides access to the cheapest gas in PJM that when combined with their advanced gas turbine technology gives these projects competitive advantage in bidding for electricity sales in PJM market,” Niwat Adirek, BCPG CEO.