Wind turbines ‘provided double the amount of energy needed for homes in October’. Strong winds and storms during October helped turbines produce more than 1.7 million megawatt hours (MWh) of electricity.
FIM has always expected that a recovery in timber consumption in the US would lead to an increase in demand for timber from Canada, the US’s national trading partner for timber, which in turn would open up a new market for European producers to fill, rising Chinas ever-growing demand.
The UK has a chronic shortage of houses. Last year only 170,000 dwellings were completed, 130,000 below what many commentators believe is required to meet current levels of demand. However, there is a new emerging technology that could result in over half a million homes a year being built and the housing deficit being eradicated.
The UK is second only to Germany in its consumption of sawn softwood in Europe. Steady increases in consumption of sawn softwood underpin the strength in the market for homegrown timber by an active sawmilling sector. Homegrown production has risen by nearly 8% over the past two years, and is now 3.7 million cubic metres.
Electricity generation from renewables in Wales has trebled since 2010, and last year provided 32% of the electricity we use. The Cabinet Secretary said she believes Wales can be at the forefront of global efforts to decarbonise and today announced challenging new targets for renewable energy production.