Appraisal Economics Inc. has completed a valuation of a wind park located in the Midwestern United States. The wind park consists of approximately 100 wind turbines with a combined electrical generating capacity of about 150 megawatts, the equivalent of providing clean energy to over 50,000 homes. The assets include the towers, foundations, blades, rotors, generators, and power converters. Electricity is generated and sold to the local power grid via a long-term power purchase agreement, which provides enough revenue to help recoup the substantial cost of construction. Appraisal Economics was engaged by the local taxing authority to estimate the fair market value of the wind park for litigation support related to property taxes.
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