Salvepar Invests in Latin America Power

Salvepar has committed to invest US$7 million in Latin America Power Holding, a developer and operator of renewable energy projects in Chile and Peru, with a staff of approximately 65 employees. This investment by the company comes as part of a capital increase in LAP led by LAP existing shareholders.

PRESS RELEASE

Salvepar (or the “Company”) has committed to invest US$7 million in Latin America Power Holding B.V. (“LAP”), a developer and operator of renewable energy projects in Chile and Peru, with a staff of approximately 65 employees.
This investment by the Company comes as part of a capital increase in LAP led by LAP existing shareholders, of which P2 (joint venture between Patria Investimentos, a member of the Blackstone Group and Promon SA, a major player in infrastructure EPC in Brazil).
LAP seeks to benefit from the significant growth and industrialisation of both Chile and Peru, which has created the need for a substantial increase in power generation capacity. In addition, both countries have indicated that they seek to further develop the contribution of renewable energies, which the Company believes provides an opportunity for smaller operators such as LAP to grow quickly via greenfield projects and acquisitions of early- or mid-stage projects. Renewable energy projects also benefit from government incentives which improve their economic profiles.
LAP currently operates an installed capacity of 33 MW based in Peru, and has 10 projects in Chile and Peru for an installed capacity of c. 700 MW under development, of which several projects are at an advanced stage.
Salvepar is excited to support LAP in its continuing efforts to become a leading producer of renewable energy in Chile and Peru in the coming years.
About Salvepar:
Salvepar, which is 92%-owned by the Tikehau Group, is an investment holding company listed on the Paris stock exchange in compartment C. Salvepar conducts an active policy of minority and medium-term shareholding acquisitions in listed and non-listed companies.

Press contacts:
Image 7 : + 33 1 53 70 74 70 Grégoire Lucas – glucas@image7.fr Estelle Guillot-Tantay – egt@image7.fr