Salvepar, an investment holding company based in France, has committed investment worth $7 million on Latin America Power Holding. LAPH is a developer and processor of renewable energy with operations within the region of Chile and Peru.
Salvepar's investment to Latin America Power Holding is part of a capital increase agreement headed by LAPH's current shareholders.
Latin America Power Holding intends to ride on the current rise of the Chilean and Peruvian economies. The countries' rapid industrialization, LAPH said, increased opportunities for growth. The company sees that a rise in the demand for power generation capacity will occur in the two South American nations. The company also benefits from incentives made by their respective governments due to the nature of renewable energy projects.
Salvepar is largely owned by the Tikehau Group with 92% of its shares in their possession. The company maintains an policy of medium-term, minory shareholding acquisitions in both listed and non-listed companies.
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