; and (ii) in subparagraph (B), by striking January 1, 2024 and inserting January 1, 2030 . (c) Extension of production tax credit (1) Wind Section 45(d)(1) of the Internal Revenue Code of 1986 is amended by striking January 1, 2021 and inserting January 1, 2028 . (2) Hydropower, marine and hydrokinetic Section 45(d)(9)(a)(i) and (ii) and Section 45(d)(11)(B) of the Internal Revenue Code of 1986 is amended by striking January 1, 2021 and inserting January 1, 2028 . (3) Application of phaseout percentage Section 45(b)(5)(D) of the Internal Revenue Code of 1986 is amended by striking January 1, 2021 and inserting January 1, 2028 . (4) Treatment as energy property Section 48(a)(5)(E) of the Internal Revenue Code of 1986 is amended by striking January 1, 2021 and inserting January 1, 2028 . (5) Credit transferability for wind production tax credit Section 45 of the Internal Revenue Code of 1986 is amended by adding at the end the following: (f) Transferability If the taxpayer elects to transfer all (or any portion specified in the election) of the credit determined under this section for any taxable year with respect to any qualified facility as defined in subsection (d)(1) to an eligible project partner for a specified period, then, the eligible project partner specified in such election (and not the taxpayer) shall be treated for purposes of this title with respect to such credit (or such portion thereof) as the person producing and selling the electricity to which such credit (or portion thereof) relates. (g) Eligible project partner (1) In general For purposes of this section, the term eligible project partner means, with respect to any qualified facility as defined in subsection (d)(1), any person who— (A) has an ownership interest in such qualified facility, (B) provided equipment for or services in the construction of such qualified facility, (C) provides electric transmission or distribution services for such qualified facility, (D) purchases electricity from such qualified facility pursuant to a contract, or