In an attempt to pass an energy legislation bill in the waning days before the August congressional recess, Sens. Amy Klobuchar, D-Minn., and Tim Johnson, D-S.D., have introduced the Securing America's Future with Energy and Sustainable Technologies Act (SAFEST), which would provide the wind industry significant incentives, including a renewable electricity standard (RES) and an extension of tax credits.
The legislation would establish an RES of 25% by 2025, extend the eligibility period of existing tax credits for new projects by two years, and create a new tax credit to offset the cost of integrating wind and solar energy onto the existing transmission systems.
‘The strength of our nation is tied to the strength of our energy economy,’ Klobuchar says. ‘Not only are we still dependent on foreign oil – other countries are making great strides in developing clean energy technologies. With the ingenuity of American farmers and manufacturers, we have the ability to be the global leader in energy. This bill will provide incentives that can boost our economy and help us secure our energy future.’
The American Wind Energy Association supports the legislation, which may be combined with legislation expected to be introduced later this week by Senate Majority Leader Harry Reid, D.-Nev.
Proponents hope that the Senate can pass a bill before the August recess, and that it can be reconciled with House-passed legislation in September.
More than a dozen wind industry executives are in Washington this week to meet with senators and urge support for energy legislation that includes a strong RES.
SOURCE: Office of Sen. Amy Klobuchar