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Valuation of Wind Farms: Just a Breeze?

Valuation of Wind Farms: Just a Breeze?

Wind farm development in the U.S. has grown significantly over the past two decades, fueled by federal and state incentives as well as mandated state Renewable Portfolio Standards (“RPS”).
Fourth Major U.S. Coal Company Files for Bankruptcy Amidst Continuing Industry Decline

Fourth Major U.S. Coal Company Files for Bankruptcy Amidst Continuing Industry Decline

Westmoreland Coal Co., one of the oldest coal mining companies in the U.S. has filed for bankruptcy. The filing represents the fourth major U.S. coal company to file for Chapter 11 bankruptcy in three years due to continual decline in demand for coal throughout the U.S. as well as overseas.  Despite efforts by government agencies […]
Scaling Laws: Uses and Misuses in Industrial Plant and Equipment Replacement Cost Estimates

Scaling Laws: Uses and Misuses in Industrial Plant and Equipment Replacement Cost Estimates

Scaling laws are ubiquitous in the study of nature, biology, computer networks, economics and other social sciences,[1] and various engineering applications.
Cost-to-Capacity Method: Applications and Considerations

Cost-to-Capacity Method: Applications and Considerations

By Clayton T. Baumann, PE, CCP, ASA | evcValuation Click HERE to download a PDF version of this article Abstract This paper discusses the cost-to-capacity method and scale factors that are used in its application. The main focus is the application of the cost-to-capacity method and scale factors in completing order-of magnitude cost estimates for […]
New Wind and Solar Power Generation Installations Beating Natural Gas Despite Its Low Cost

New Wind and Solar Power Generation Installations Beating Natural Gas Despite Its Low Cost

Per the EIA, in the US in 2016 wind and solar energy generation accounted for nearly 9,000 MW and 8,000 MW, respectively, of capacity additions while natural gas-fired generation added approximately 7,900 MW.  The cost of natural gas-fired generation is still considerably cheaper, averaging $895/kW versus wind and solar with an average installed cost (nominal […]
Valuation Of Cogeneration Plants: Things To Consider

Valuation Of Cogeneration Plants: Things To Consider

By Kevin Reilly, ASA | evcValuation and Clayton T. Baumann, PE, CCP, ASA | evcValuation Click HERE to download a PDF version of this article Introduction This paper discusses issues related to the application of the three approaches to value when valuing a complex property such as a cogeneration plant. A background is given with […]
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What Our Clients Say

I’ve partnered with Kevin Reilly and evcValuation on some of the most complex valuation assignments in the country, including nuclear power plants, cogeneration facilities, wind and solar farms, battery storage sites, and more. In every instance, evcValuation brings an unparallelled level of expertise and integrity to the table.

What makes Kevin such a powerful and credible witness isn’t just his knowledge or meticulous preparation—it’s that he is never an advocate for his client. He is an advocate for the right value. Commitment to objectivity is evcValuation’s “secret sauce” and why juries and judges find them so credible. Kevin’s objectivity allows him to maintain an even demeanor in deposition or on the witness stand under the most rigorous examination.

When it comes to valuation of complex properties, evcValuation is the best in the business. There are a number of appraisers who write excellent reports, and there are several who tell a good story. evcValuation is one of the very few who do both. Their work is consistently thorough, defensible, and rooted in a deep understanding of appraisal theory, the subject property, and the market. When the stakes are high, you need the best in your corner, which is why evcValuation is our first call.

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Raymond Gray
Founding Partner of Gray Winston & Hart, PLLC

We have used evcValuation on multiple power generation plants throughout the United States with respect to ad valorem property tax disputes. The dedicated professionals at evcValuation go to great lengths to ensure their reports are both thorough and accurate. To achieve this, they dig deeper and pull back layers that many would simply gloss over…

Professional business valuation services for optimal asset appraisals.
Dan Zazzali
Partner
McCarter & English LLP

We have used evcValuation on several projects in Oklahoma, ranging from railroads to renewable energy properties. Kevin Reilly’s testimony was instrumental in achieving success in the landmark Oklahoma wind case, Kingfisher Wind, LLC v. Wehmuller, 2022 OK 83, 521 P.3d 786. Kevin’s team at evc is top-notch. They are thoughtful, thorough, and prompt with their work and communication with the attorneys and the client. We look forward to working with them in the future.

Expert vehicle valuation services for accurate business appraisals.
Jay Dobson
Partner
Elias, Books, Brown & Nelson

We’ve worked with evcValuation for several years on property tax disputes that’s reached a state-level appeal board. The team is well qualified for dealing with power plants and power market specifics. They understand differences across technologies and markets and how to account for these in their work. The specific property they’ve advised us on has a host of complexities, and I’ve been impressed with evc’s thoughtful approach and ability to tackle these issues. They work efficiently and have always responded to any questions or concerns we’ve had promptly. Kevin and his team provide a solid product and they’re at the top of our list of people to call for property tax disputes.

Experienced business valuation professional providing accurate valuation services.
Jonathan Beach
Principal
Rockland Capital