2015-02-03

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DECC secretary Ed Davey (pictured) has allocated an extra 25m starting in 2017-18 to so-called Pot 2 funding, which also covers marine and some biomass in addition to offshore wind projects. Technologies including onshore wind and solar will remain as previously funded at 50m in the first year and 65m in subsequent years. Total CfD spending will now be 50m in 2015-16, 220m in 2016-17 and 325m in the remaining years of the first allocation round through 2020-21. DECC confirmed this morning that the maiden auction of the new mechanism will start tomorrow, with the bidding window closing on 4 February. Winners are due to be notified on 26 February with contracts to be signed by 27 March. "The high demand for contracts shows that were one of the top places for renewables investment, and the best place in the world for investing in offshore wind," Davey said. DECC also released updated CfD rules on disincentive s designed to deter speculative bids with stricter punishment for those that fail to sign a contract or deliver a project as promised. This is the second time DECC has boosted the CfD pot. A similar move in October was linked to savings made in part from implementation of the Renewables Obligation regime. http://renews.biz/83149/decc-boosts-offshore-cfds/#.VM_T0pyW_HQ.twitter

Workers strike for new pact at nine U.S. oil, chemical plants - Yahoo News

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DECC boosts offshore CfDs - Offshore Wind | reNEWS - Renewable Energy News

Tesoro Corp said management was operating its refinery in Carson, California, and that managers would take over from union workers at three other plants in the next 24-48 hours. Besides Shell and Tesoro, the USW said strikes were called at three plants belonging to Marathon Petroleum in Texas and Kentucky, and LyondellBasell's plant near Houston. At least two of the plants on the list have a history of deadly accidents. View gallery Workers from the United Steelworkers (USW) union walk a picket line outside the Lyondell-Basell refi "The strike is going well," said a union member picketing Lyondell's plant who declined to speak on the record. http://news.yahoo.com/union-strikes-few-u-oil-refineries-talks-continue-061136517--finance.html?soc_src=mediacontentstory&soc_trk=tw