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Enfinity is consolidating its international position with a 50 million Euro investment by investment firm Waterland.
Waregem, Belgium – February 2009. Enfinity Management, an international renewable energy project developer has been granted a significant 50 million Euro capital increase by investment firm Waterland. This investment will allow Enfinity to accelerate its growth in the 12 countries (in Europe, the US and Asia) in which it is already present, and also to develop its position in new countries. In addition, the American market is rapidly becoming a major focus with president Obama as a key proponent of renewable energy, according to Gino Van Neer, CEO and co-founder of Enfinity.
Growth accelerator
Enfinity was founded in 2005, and has seen exponential growth ever since. Turnover has evolved from 200,000 Euros in 2006 to 83 million Euros in 2008. Employment at the company has followed suit, reaching 110 employees today. Today, we are aiming at tripling our turnover for 2009. Enfinity will draw 90% of this turnover increase from foreign countries, says Patrick Decuyper, co-founder of Enfinity. Enfinity will attain this turnover mainly thanks to the development of solar power projects on company roofs, residential roofs and on the ground, both with national and international customers. Besides this, wind energy will constitute a second strategic pillar in renewable energy for Enfinity.
Enfinity was founded in 2005, and has seen exponential growth ever since. Turnover has evolved from 200,000 Euros in 2006 to 83 million Euros in 2008. Employment at the company has followed suit, reaching 110 employees today. Today, we are aiming at tripling our turnover for 2009. Enfinity will draw 90% of this turnover increase from foreign countries, says Patrick Decuyper, co-founder of Enfinity. Enfinity will attain this turnover mainly thanks to the development of solar power projects on company roofs, residential roofs and on the ground, both with national and international customers. Besides this, wind energy will constitute a second strategic pillar in renewable energy for Enfinity.
Waterland focuses on long-term cooperation
To Waterland, its investment in Enfinity is its first step in a sustainability-themed market, after having already invested in sectors such as health care, service provisioning and leisure. Waterland focuses its investments on companies showing rapid organic growth, combined with growth by acquisitions. Waterland will have a 5 to 7-year presence in the company as an active shareholder with a view to the further development of Enfinity, perhaps even longer, as stated by Cédric Van Cauwenberghe, investment director with Waterland.
To Waterland, its investment in Enfinity is its first step in a sustainability-themed market, after having already invested in sectors such as health care, service provisioning and leisure. Waterland focuses its investments on companies showing rapid organic growth, combined with growth by acquisitions. Waterland will have a 5 to 7-year presence in the company as an active shareholder with a view to the further development of Enfinity, perhaps even longer, as stated by Cédric Van Cauwenberghe, investment director with Waterland.
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