Renewing people, property & energy
F&K Renewables funds, supports and enables clean tech and green energy as well as its integration into properties.
The business started in 2017, F&K Renewables Limited (FKR) has grown to become one of the few companies to be able to provide financial and industry clarity from the confusion of today’s and tomorrow’s energy and housing market. FKR’s substantial majority shareholder is Fearnley & Kinde Limited.
FKR is headquartered in London, England, with associated offices in USA, the Far East and Africa. FKR has also a joint venture with Noble Tree Foundation (NTF), a charity dedicated to help vulnerable groups find housing and receive support to set them up for an independent, dignified and successful life. This provides FKR with access to rooftops for Solar PV Systems/Solar Thermal Systems, E.V Charging Points and Battery Storage.
The team brings together diverse expertise and strong international experience with backgrounds and deep sector knowledge in the renewables sector, property sector, investment banking, fund management, research, institutional investing, public sector consulting, renewable energy sector, housing sector and charity sector.
About
Market Context
The ‘Old Age’ of energy is creeping back, with the restoration of coal mines becoming more prominent around the globe. In December 2022, the UK announced plans to open a coal mine for the first time in 30 years, in Cumbria.
The UK is experiencing a disastrous lack of good quality, safe and affordable social housing. Crisis UK argues the source of the problem is the ‘rent to buy’ schemes; these depleted social housing stocks, and trapped people into being unable to climb the housing ladder. Additionally, the UK is experiencing significant bed-blocking issues which put further pressure on housing.
With countless people struggling to afford rent, energy bills and receive much needed support, we have a unique solution: Integrating Renewable Energy with Housing Solutions.
Our Strategy
Our strategy is to become more of principals/co-developers. FKR is active in fund raisings/corporate finance in the renewable energy sectors with some co-development experience.
Collaborating with Watt-Tariff, which is a UK company in energy switching to become an integrated solar/wind developer with operating assets with access to the wholesale electricity market in the UK.
The team has completed $6bn plus transactional value for private and institutional investors in the renewable energy sector, with £2bn in the property sector, across borders and particularly in solar, wind, hydro, and with deep carbonisation of grids heavily reliant on renewables, innovative long-duration energy storage.
FKR is ethical in all its strategic, financial and investment advice.
Integrating
Renewable Energy
with Housing Solutions
- Temporary Housing is a solution to the ongoing housing crisis. Enhancing existing buildings and renewable energy systems are solutions to the energy crisis. Why not kill two birds with one stone?
- Plan to install rooftop PV Systems, Battery Storage, EV Charging Points, Solar Thermal and Rainwater Harvesting to all of the Temporary Housing Communities.
- Enhancing yield in buildings substantially.
- This will greatly reduce utility costs for the Tenants, and the land owners, whilst providing significant returns for Investors.
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By doing this, two objectives will be achieved:
- Provide affordable, quality housing to the vulnerable.
- Clean energy usage, protecting the environment and keeping costs minimal for the Tenants.
Why Renewable Energy?
The age of ‘Old Energy’ is slowly burning itself out – but more slowly in
some global territories than others because a third of the ‘richer’
world’s inflation is due to energy price hikes so:
- Mr Biden, elected partly on a Green ticket, has asked Saudi to pump more oil.
- The U.K, Germany and others, coal-fired power plants are being taken out of mothballs.
- Chinese and India’s state-run mining firms are digging up record amounts of coal.
- Many countries, such as Sweden, return to nuclear.
- Types of renewable energy include wind, solar thermal, solar electric, geothermal, biogas and waste to energy.
Enhancing Existing Buildings
- Offering solutions to enhance all housing stock from Georgian-terraced to contemporary buildings with renewable storage possibilities.
- Buildings are the largest polluters to our planet – contributing to over 40% of annual global emissions.
- Rooftop Solar PV Systems/Solar Thermal Systems for hot water/Rainwater Harvesting.
- Battery Storage Systems.
- Significantly enhanced revenue.
- Improved and efficient infrastructure cables, switches, heaters, hot water production.
- The application of building management technology to optimise energy use for space heating, water, lighting and hot water production.
Why Temporary Housing?
Since 1980, there are 1.4 million fewer households in social housing with over 225,000 people actively homeless, and an additional 300,000 sofa surfers (the unseen homeless). This has to change to ensure a healthy population and communities.
There is a current need of well over 1 million buildings. The UK requires over 400,000 new dwellings per year, whereas there are currently less than 200,000 new dwellings per year.
Additionally, the UK is experiencing significant bed blocking issues which has put pressure on housing and hospitals, as patients are unable to be discharged due to a lack of care packages or convalescent accommodation.
One way to amend this cyclical crisis is through temporary housing/pods.
The pods are safe, stackable and mobile structures that can last up to 60 years, having a much smaller impact on the environment than permanent structures as well as having significantly lower barriers for planning permission.
The most imperative element of the pods is affordability. This lower affordability for the constructor is then transferred to the tenant, which in turn enables them to invest in themselves and their future.
Competitive advantage
The Sweet Spot = the ability to maintain lower rental costs and energy bills with profitability
Meet our team
Our team is made up of passionate individuals who are committed to making a positive impact on the environment and reducing our reliance on fossil fuels. We bring together experts from a variety of fields, including renewable energy, finance, project management, and sustainability, to ensure that we can provide the best possible support to our partners and clients.
Jakob Kinde
Executive Chairman
Jakob is currently Executive Chairman of FKR and its parent company Fearnley & Kinde Limited (a company incorporated and formed together with Matt Fearnley, in 2020-21). A Swedish national with some 40 years of investment banking experience. Began his career with Samuel Montagu & Co Ltd (now HSBC Investment Banking) in 1982 to the end of 1985. In 1983 he founded Fil à Fil Ltd, a shirt retail business, of which he was Managing Director through to 1987 when the business was sold to Next plc. From September 1987 to 1999 he worked at Kleinwort Benson where he held several senior positions including including Managing Director and Head of the Nordic Corporate Finance as well as Natural Resources & Forestry Sector. In 1999 he became a Director / shareholder / co-founder of NewMedia Investors Ltd / Spark Ventures plc. In September 1999 he co-founded and was CEO of EO plc, an online share distribution platform.
He was also a co-founder of AllIPO plc. In November 2002 he founded Libertas Capital and was Executive Chairman of Libertas Capital Group plc from 2003 to 2009 and was until August 2011 the Senior Partner of Libertas Partners LLP. Chairman and Trustee of Noble Tree Foundation Limited, a UK registered charity of which he founded in 2003. In 2011, he founded Noble Tree Property Asset Management Ltd which is now owned 100% by Noble Tree Foundation Limited. Since July 2012 he is the chairman of Boustead Agriculture Ltd. Since December 2013 he is a Senior Advisor to European American Capital, a FCA regulated firm, and chairman of Boustead & Co Ltd.
He has completed over $80bn of a wide range of corporate finance transactions of which $6bn have been in the renewable energy sector. He holds a Certified Diploma in Accountancy and Finance (C.Dip.A.F), is a Member of the Chartered Institute for Securities and Investment (M.C.S.I) and has a B.Sc (Economics) from University College London.
Matt Fearnley
Chief Executive Officer
C-Level Executive with complimentary NED experience and a stand-out track record across Agency, Corporate and Charity Communication Channels. Inspirational, innovative and expert at leading teams to deliver multi-award winning communication results that generate high levels of performance and revenue. Proven commercial successes and influence within Global brands and agencies. Expert in working within ambiguous organisations and cross border matrix structures. Matt is also the CEO and Trustee of Noble Tree Foundation, a social housing charity based in the UK.
Held senior marketing, communications and innovation positions in both corporate and charity sectors | Boosted Nestle’s KitKat sales from 3 to 4 bars per second | Directed pan-European strategic communications for General Motors’ Opel and Vauxhall marques | Developed the original ‘Everyman’ concept, planning and delivery for the Institute of Cancer Research | Personally directed P&G cross border communications around its £1.8bn IAMS acquisition | Empowered the Government of Jordan to win the UNESCO ‘Seven Wonders of the World’ | Repositioned Chile from ‘Dictatorship’ to ‘The Switzerland of South America’ | NED and due diligence on £40m NHS Change projects affecting 240,000 people | Built and sold 2 creative agencies for 8 and 5 times pre-tax profits respectively | Led teams to win £10m+ of new business incl. Virgin, Yahoo, SABMiller, Total and Korean Air, etc | MBA educated with a BA (Hons) Arts degree in journalism.
Peter McCann-Downes
Chief Technology Officer
Founder and CEO of Watt-Tariff. He is also a geologist specialising in the energy sector and a member of the Singularity University and Long Now Foundation. Exeter University graduate in Geology, and post graduate studies in Cleantech Science at the Open University.
He’s overseen many grid scale renewable energy projects from planning through to sale and generation. With a keen interest in AI and coding, Peter is the creator of the Watt-Tariff concept and platform.
Aamir A. Quraishi
Chief Financial Officer
Aamir joined FKR in 2022 and is a seasoned investment banker and experienced board director. He has some 25 years of investment banking experience in Europe, Asia and the Middle East, having worked in both bulge bracket and mid cap institutions.
During his career, Aamir has completed over US$20bn in M&A and capital market transactions across a number of industry sectors globally. Between 2005 and 2010, he was a qualified Nominated Adviser for the purposes of admissions to London’s AIM Market and has sat on the board of a number of public companies. Aamir began his career at PWC in London where he qualified as a chartered accountant and remains a member of the ICAEW. He graduated in Economics from the University of Cambridge.
Lynne Yule
Property Project Manager
Lynne has extensive experience over the last 17 years of managing large scale property portfolios across the North East of England and Yorkshire. Lynne boasts an impeccable record of 97% rental collections which is well above the industry average whilst also liaising with tenants and contractors to ensure the properties are well maintained to a high standard. Lynne has also costed, and project managed the rollout of multiple property refurbishments ensuring that all
James Bedborough-Storesund
Operations Manager
James studied Property Development and Planning and joined Noble Tree Foundation and FKR as an Analyst in May 2022. Prior to joining NTF, James gained experience in project management / construction both in the UK and overseas. Also worked in a London based PR agency.
Kuda Zafevere
Head of Business IT Architecture
Kuda is an experienced IT professional with a proven track record of deploying innovative and practical IT solutions across a range of industry sectors. With a deep understanding of B2B, B2C, and P2P engagement, Kuda is dedicated to using technology to drive business success.
Throughout Kuda’s career, he has worked to develop and implement IT strategies that improve efficiency, increase revenue, and enhance customer satisfaction.
At F&K Renewables Limited, Kuda is leading the charge in developing and implementing IT solutions that enable the company to achieve its goals sustainably and effectively. By harnessing the latest technologies and working closely with the wider business, Kuda is ensuring that F&K Renewables is well-positioned to make a positive impact in the world of clean tech and green energy.
Contact
F&K Renewables Limited
1st Floor, Lansdowne House,
57 Berkeley Square,
London W1J 6ER,
United Kingdom