4energy invest presents trading update for the third quarter 2009 - Notas de prensa bursatiles

Brussels - November 5, 2009 5.45 PM CET
Regulated Information

4Energy Invest, the Belgian renewable energy company focused on
valorising biomass into energy, announces today its Trading Update
for the third quarter of 2009.

Confirmation of improved operational performance of the Amel
cogeneration facilities

Non audited consolidated
income statement YTD Q3 2009 YTD Q3 2008
(in thousands of Euro) 30/09/2009 30/09/2008
Sales 6.319 2.150 7.259 2.744
Other operating income 415 187 41 29
Revenues 6.734 2.337 7.300 2.773
Cost of sales -3.060 -956 -3.010 -966
Personnel costs -530 -192 -275 -131
Other operating expenses -1.293 -373 -833 -345
Operating expenses -4.883 -1.521 -4.118 -1.442
Operating cash flow
(EBITDA) 1.850 815 3.182 1.331
Operating cash flow (EBITDA)
- excluding impact fair
value warrants 2.197 931 3.295 1.443


Sales over third quarter 2009 were 22% lower compared to sales over
third quarter 2008 and result from much lower electricity sales given
that the average realized electricity sales price over Quarter 3 2009
was 60% lower than similar period last year.
The improvement in the operational performance of the Amel I and Amel
II cogeneration facilities confirmed with a 10% higher electricity
production in Quarter 3 2009 compared to Quarter 2 2009. This trend
also continued in October 2009 whereby the cogeneration units
achieved their highest monthly production since the start of their
respective operation.
The evolution in EBITDA over third quarter 2009 confirms that the
cost structure of the Group has stabilized and that the lower EBITDA
(compared to third quarter 2008) is mainly attributable to lower
electricity prices experienced in the spot markets. Electricity
prices have started to recover with average realized electricity
sales price in October already 22% higher than in September 2009.
The build-up of experience by the in-house Operations & Maintenance
team as well as the use of the covered biomass storage facilities and
the additional wood preparation facilities will lead to further
improvement in the operational performance going forward (both
through cost reductions on the biomass supply side and the improved
capacity factors of the cogeneration units). Additional revenues will
also result from the commercial operation of the wood torrefaction
unit in Amel as it will improve the qualitative character of the two
cogeneration facilities.

Start of operation of the wood torrefaction unit in Amel to produce
BioCoal is scheduled before the end of the year 2009
Preparation works for the commissioning of the wood torrefaction unit
have started.
Various tests for using BioCoal at "utility scale" will take place
early 2010 with various European utilities.
4Energy Invest has received the confirmation that 1,263,600 Euros of
regional subsidies are allocated to its wood torrefaction project in
Amel.

4Energy Invest's development program is confirmed even if current
market conditions for debt financing are difficult
Ham wood biomass cogeneration project (Belgium)
4Energy Invest incorporated on October 27th 2009 the company
4HamCogen, the project company through which it contemplates the
construction and operation of the Ham cogeneration facility for which
it expects financial closing before the end of the year 2009.
Ham wood biomass torrefaction project (Belgium)
The permit files are under consideration by the respective
authorities. 4Energy Invest targets financial closing for the project
by mid 2010. This should bring the project into commercial operation
at the time when the cogeneration project in Ham enters into
commercial operation i.e. mid 2011. As such the qualitative character
of the cogeneration unit contemplated would be enhanced. The wood
biomass torrefaction project would also include the construction of a
terminal adjacent to the Albert Canal as strategic tool to optimize
the logistics of the biomass and BioCoal flows within the Group.
Pontrilas cogeneration project (United Kingdom)
Contracts for the sale of the electricity and the green benefits of
the project are under discussion with various interested parties.
Discussions with banks interested to finance the project have been
initiated.
Reisbach cogeneration and torrefaction project (Germany)
4Energy Invest has adjusted the scope of its Reisbach project whereby
the size of the cogeneration project will be reduced as to only
produce the heat and electricity needs of the wood biomass
torrefaction project considered.


This press release is made available in English, Dutch and French
through our corporate website www.4energyinvest.com

About 4Energy Invest
4Energy Invest is a Belgian based renewable energy company that aims
at creating and managing a portfolio of small to midsized locally
embedded projects that valorise biomass, directly or indirectly, into
energy.
4Energy Invest identifies potential biomass projects, performs a
feasibility study and eventually takes responsibility for developing,
financing, constructing and operating the project, in close
cooperation with carefully selected suppliers and partners.
4Energy Invest (through its fully owned subsidiary Renogen) has two
cogeneration projects, located in Amel (Wallonia, Belgium), that are
fully operational. 4Energy Invest is building in Amel a large scale
torrefaction unit to produce torrefied wood pellets, or BioCoal, with
minimum CO2 footprint.
Leveraging on the multi-disciplinary experience and on the in-depth
biomass expertise of its management and operating team as well as on
the fully operational combined heat and power plant in Amel, 4Energy
Invest presently pursues other cogeneration projects either on a
stand alone basis or in combination with other applications that
converts biomass into solid fuel (BioCoal).
In that respect, a cogeneration project and a large scale
torrefaction unit in Ham (Flanders, Belgium) and a cogeneration
project in Pontrilas (England, UK) are under advanced stage of
development. In addition, 4Energy Invest is still developing a
combined cogeneration and BioCoal production project in Germany.
4Energy Invest is listed on Euronext Brussels under symbol ENIN.

For more information, please contact:

Nico Terry, Chief Financial Officer
Tel: +32 (0)2 526 90 13
nico.terry@4energyinvest.com

Yves Crits, Chief Executive Officer
Tel: +32 (0)2 526 90 11
yves.crits@4energyinvest.com


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