News

Search
Clear

Forestry News

UK Forest Fund now one of the largest forest owners in the UK.

14 Oct 2013

Following the conclusion of the latest fund raising, FIM Forest Fund I LP is now one of the largest forest owners in the UK. The LP raised a further £19.1 million, increasing the value of the portfolio to over £60 million. It now owns 9,851 hectares of highly productive commercial forestry and is harvesting some 220,000 tonnes of timber per annum.

Forestry News

Global Forest Industry

28 Sep 2013

In the 2Q/13, the Global Sawlog Price Index (GSPI), which is based on 19 key markets around the world, increased for the fourth consecutive quarter to reach US$86.60/m3. The Index has gone up 5.1 percent year-over-year, reaching its highest level since the 4Q/11.

Renewables News

Another big leap in clean power generated from renewables

27 Sep 2013

RenewableUK has welcomed new official Government statistics published today by the Department of Energy and Climate Change (DECC) showing that the amount of electricity generated from renewable energy sources reached a new record high of 15.5% of total electricity generation in the second quarter of this year. This is a jump of 5.8% compared with the same period in 2012, when the figure stood at 9.7%.

Forestry News

Global forest industry in the 2Q/2013

6 Sep 2013

In the 2Q/13, the Global Sawlog Price Index (GSPI), which is based on 19 key markets around the world, increased for the fourth consecutive quarter to reach US$86.60/m3. The Index has gone up 5.1 percent year-over-year, reaching its highest level since the 4Q/11.

Forestry News

China lumber imports back to new highs

17 Aug 2013

China importation of lumber and logs roars back to new highs in the 2Q/13 with imports up 30% year-over-year.

Forestry News

Woodland values rise in line with timber demand

10 Aug 2013

Strong capital appreciation and a buoyant outlook for the long-term timber market continue to drive demand for woodland.

Renewables News

Consultation on the Renewable Obligation transition

1 Aug 2013

The Department for Energy and Climate Change issued a consultation on the transition arrangements from the Renewable Obligation (RO) to the Contract for Difference (CfD) during July; with responses required by 25 September 2013.

Renewables News

Consultation on the draft Electricity Market Reform (EMR) delivery plan

29 Jul 2013

The Department of Energy and Climate Change (DECC) have provided further details about the EMR delivery plan.

Forestry News

Returns on US timberland hit highest since 2008

27 Jul 2013

Returns on US forestry hit their highest since the global economic crisis, and are poised for further gains, despite setbacks to hopes for housebuilding, a key destination for lumber.

Forestry News

Timber prices remain resilient since start of year

24 Jul 2013

Swedish exports of sawn softwood in January 2013 to April 2013 were down 9.1% to 3.8 million cubic metres. Exports to China were up 208% to 111,000 cubic metres.

Renewables News

Latest announcements on Energy Market Reform (EMR)

8 Jul 2013

FIM welcomes the recent Electricity Market Reform (EMR) announcements, which confirms the Government’s commitment to renewables and low carbon generation. The announcement outlines how the Contracts for Difference (CfDs) will provide predictable revenue streams that will encourage investment by reducing risks to investors. The Government has three objectives for energy policy - to keep the lights on, to keep energy bills affordable, and to decarbonise energy generation. To achieve these, the Government intends to reform the electricity market. EMR is the biggest change to the electricity market since privatisation and will transform the UK’s electricity sector. The main elements of EMR are Contracts for Difference and the Capacity Market. The objective of the CfDs are to stimulate investment in low-carbon technologies (including renewables, nuclear and carbon capture storage) by providing predictable revenue streams that will encourage investment by reducing risks to investors. A key feature of the CfDs is the strike price, the Government has published the draft strike prices for a range of renewables technologies (including onshore wind generation and solar). The draft strike prices are roughly in line with support under the Renewable Obligation (RO) in the early years with value dropping in later years; uncertainty also remains about market access discounts. The other key difference is the CfDs duration at 15 years is shorter than the RO. The exact terms of the CfDs remain outstanding with a further publication expected next month. However, encouragingly the Government has been working with the industry and some of the clauses have been amended successfully e.g. there will be no refinancing clauses in the CfDs. FIM still believes that the current ROC regime is attractive and allows investors to take advantage of the predicted increase in electricity prices. RenewableUK believe the publication of the draft strike prices for the technologies it represents is an important step in building industry confidence.

Forestry News

Global softwood markets on the rise

2 Jul 2013

Whilst demand for softwood continues to be weak across most European markets, softwood shippers are taking comfort in the improving prospects seen outside of Europe, where demand is high and margins even higher.

Fund News

FCA changes to UCIS marketing

2 Jul 2013

The marketing of Unregulated Collective Investment Schemes (“UCIS”) will be restricted to sophisticated investors or high net worth individuals. In FIM’s view the new restrictions on the marketing of UCIS products to ordinary retail investors is good news for the financial services industry as it clarifies what was previously a grey area.

Renewables News

FIM Services targets £20m for UK solar fund

25 Jun 2013

FIM Services, a UK investment manager active in sustainable forestry and renewable energy, told NewNet it has until 20 December to hit its £20m target for a newly-launched solar fund.

Renewables News

FIM advises John Laing on acquisition of wind farm

14 Jun 2013

“FIM Services Limited, which provides specialist investment products and services in relation to sustainable forestry and renewable energy in the UK, is pleased to have advised John Laing on the acquisition of Carscreugh Wind Farm, once completed the project will have a capacity of 15.3 MW. Chris Shead, Director and Head of Renewables at FIM Services Limited, commented “we are delighted to have worked with John Laing on the acquisition of Carscreugh Wind Farm and look forward to working with them on the construction and operation of this project”. FIM services has now be involved in the acquisition, and subsequent construction and operation, of eight UK onshore wind farms with a total capacity of over 75 MW

Forestry News

The US housing market is having a positive effect on timber

14 Jun 2013

Investing in timber will never be a mainstream choice, but Pictet fund manager Gabriel Micheli says the soft commodity can provide an excellent source of growth.