Enfinity Group, the leading global renewable energy provider, announces two new strategic initiatives

Waregem (Belgium) - München (Germany) (ots) -

Developer, Investor and Power Producer

Enfinity Power will be headed by Hans De Backer as chief executive
officer of the new enterprise. With Enfinity Power, Enfinity Group
moves into the market of Independent Power Producers (IPP). As an
IPP, Enfinity Power will produce and sell renewable power to
customers as an addition and challenge to the established
conventional electricity providers. "Enfinity Power will generate a
predictable and important recurring income base in addition to the
Group's classical business model in which the shares of the Special
Purpose Vehicle (SPV) are sold to the project owner once it has been
completed", says Hans De Backer. "Therefore Enfinity Power will keep
full control over certain SPV's, the companies that are specifically
set up for each renewable energy project", De Backer adds.

The move onto the IPP market marks a key milestone in the
development of Enfinity and will drive more revenue for the company
as a whole. Thanks to its new entity, Enfinity Group will now be able
to provide the best possible renewable power solution even more
adequately to every single customer in the world. As Enfinity Group
has today fully-permitted solar projects for over 120MWp in
portfolio, Enfinity Power can immediately start operations and
targets to own and operate over 200MWp of solar SPV's by 2011.

Global expertise, local execution

Executing projects by Engineering, Procurement and Construction
(EPC) contracts is increasingly becoming important within the
renewable energy industry worldwide. As such Enfinity is structuring
the company's know how into the Enfinity EPC Initiative to ensure
that the company's EPC approach can successfully be replicated on a
global scale.

EPC contracts need thorough understanding, especially in a global
context in which it is even more difficult for the contractor to
manage various factors that affect the working, the results and
success or failure of the contract. "Thanks to its pioneering role,
entrepreneurial spirit and thorough expertise in project development,
Enfinity finds all the assets under one roof to offer the best EPC
solution to project owners", explains Patrick Decuyper, co-founder of
Enfinity Group. Important areas of expertise that Enfinity offers to
its customers through Enfinity EPC are know how about global and
local regulations and directives about renewable energy, a thorough
knowledge about local and global market conditions for the supply of
quality labour and materials and the availability of local and global
engineering services.

Until today Enfinity has successfully installed over 400 rooftop
and land sites for a total of 85 MWp under EPC contracts. In 2009 the
company's EPC business grew by over 100%, making Enfinity one of the
fastest growing companies in delivering renewable energy EPC
contracts.

Finally, a project developer or owner who decides to work with
Enfinity through EPC does also take advantage from contracting a
stable and solid partner, ensuring a flawless and timely execution of
the agreed contract.

Leadership alignment to ensure future growth

As part of transforming the company into a truly global solution
provider, the leadership team has recently been aligned to match
Enfinity's business goals with the continued expansion of the company
into new business areas and new regions. Therefore Steven De
Tollenaere has been appointed as chief executive officer of Enfinity
Group. Hans De Backer will take on a dual role as the group's chief
financial officer and chief executive officer of Enfinity Power to
drive the successful integration of new business models into the
company's asset base.

Steven De Tollenaere (41) joins Enfinity from Shurgard Europe,
where he served as chief executive officer since 2005. He is gifted
with excellent execution skills and has a proven ability to lead
strong growth environments.

About Enfinity

Enfinity is a fast-growing and ambitious company with
international activities in renewable energy. Through its 5 business
units Develop, Invest, Technics, Trade and Power, Enfinity develops,
finances, constructs and operates photovoltaic solar and wind energy
plants. Besides its own project development, Enfinity sells
integrated solar installations to companies and individuals and acts
as an EPC contractor. Starting off in Belgium, Enfinity has projects
and clients in various countries in Europe and has expanded into
other continents, including North America and Asia. Today Enfinity is
active in 20 countries. Enfinity has a market leader position in
Europe and is a world top 10 player. Enfinity's turnover amounts to
252 million euro in 2009. Today, Enfinity has over 250 employees. For
further information visit: www.enfinity.biz

Originaltext: Enfinity
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Pressekontakt:
Enfinity Group
Jurgen Van Damme, Head of Marketing & Communication
T: +32 56 28 88 32, E: jvandamme@enfinity.be

NewsEnginePr
Tom Meynendonckx
T: +32 3 263 96 46, E: tom.meynendonckx@newsenginepr.com