Senate Passes Grassley Co-sponsored Amendment to Restore Wind Energy Research Funding

Source: Office of Iowa Senator Chuck Grassley • Posted: Wednesday, April 27, 2016

WASHINGTON – The Senate today passed a bipartisan amendment offered by Sen. Chuck Grassley of Iowa and Sen. Jeff Merkley of Oregon to restore wind energy research funding for fiscal year 2017 to the level provided for the current fiscal year. The measure allocates an additional $15.4 million to wind energy research from within existing research programs at the Department of Energy, so it does not increase overall spending.

“Wind energy is popular wherever it’s given a chance,” Grassley said.  “New technology enables all kinds of renewable energy to advance.  Research funding promotes the next wave of development.  Wind energy deserves fair treatment among government support for different energy sources.  This amendment gives wind energy the attention it deserves.”

The amendment passed 54-42 as part of Senate consideration of the Energy and Water Development and Related Agencies Appropriations Act (H.R. 2028).

Grassley is the author of the original production tax credit for electricity from wind and has successfully worked to renew the tax credit ever since.

Late last year, he secured a long-term, five-year extension and phase-out of the tax credit, intended to give the industry certainty for investments and job creation.  Grassley notes that the wind energy industry is the only energy industry that has proposed a phase-out of its tax benefit, unlike many longstanding industries like oil and gas that have permanent tax benefits.