In 2026, energy is no longer evaluated as a readily available, low-cost input or a purely environmental choice. It is being priced as constrained, strategic infrastructure that’s exposed to grid bottlenecks, AI-driven demand, geopolitical supply-chain risk, and rapidly evolving federal priorities directly influencing Washington-sponsored incentives.
For investors, developers, and advisors, the core question is no longer how clean an asset is, but whether it is reliable, still financeable under a host of new rules, and readily deployable for near-to-midterm development objectives.
This virtual forum hosted by Marshall & Stevens brings together senior leaders from private equity, international energy development, data center infrastructure, regulatory policy, and project finance law for a live, unscripted conversation examining how energy assets are being repriced, restructured, and reallocated in 2026 and beyond.
Who Should Attend:
PE Firms | Infrastructure & Energy Funds | SPACs | Accountants | Attorneys | Energy Developers | Data Center & AI Infrastructure Investors
Structured finance transactions often involve complex assets, lease arrangements, and layered ownership structures. In these situations, transaction advisors, investors, and financial institutions need clear, supportable answers to specific valuation questions.
These analyses are used to support financing decisions, meet tax requirements, and satisfy financial reporting obligations.
Marshall & Stevens provides independent value opinions that help parties understand how assets are expected to perform, how long they will remain useful, and what they may be worth at different points in time.
Structured transactions require more than a single estimate of value. They often involve a set of related analyses that address different economic, tax, and accounting considerations.
Common opinions include:
Each of these analyses addresses a different decision point within a transaction, from structuring and pricing to compliance and reporting.
We provide a broad portfolio of independent valuation services to traditional and renewable energy enterprises that generate, distribute, and transmit oil, gas, biofuel, and electricity as well as those who service these enterprises. Federal and state renewable energy incentives are responsible for a monumental increase in renewable energy project finance valuations.
Municipalities, utilities, infrastructure funds, public and private enterprises engage us because of the multi-disciplinary specialists we employ, the experience of our professionals, and the client service focus of our firm.
Our team collaborates with our internal multi-disciplinary professionals to provide the value analyses and fresh independent opinions to fiduciaries, financing sources and investors for public and private company transactions.
Project finance valuation involves determining the value of assets and cash flows used in structured financing arrangements such as leases, sale-leasebacks, and tax equity investments. These valuations are critical because lenders, investors, and tax authorities require independent value opinions to support financing, tax compliance, and financial reporting.
Project finance valuations are commonly required for structured finance transactions, including lease financings, inverted leases, synthetic leases, and tax equity investments. These transactions often involve complex structures that require multiple valuation opinions rather than a single point-in-time asset value.
A project finance valuation may include a range of analyses such as economic useful life, residual value, fair market value purchase options, end-of-lease value, equity valuation by class, and MACRS classifications (cost segregation). These analyses help ensure transactions meet tax, accounting, and financing requirements.
Project finance valuation services are used by a wide range of stakeholders, including investors, lenders, developers, tax advisors, attorneys, and financial institutions. These parties rely on independent valuation opinions to structure transactions, satisfy regulatory requirements, and support decision-making.
Independent valuation is essential because structured finance transactions must comply with IRS regulations and financial reporting standards. A defensible, third-party valuation helps ensure the transaction is properly structured, supports tax positions, and withstands scrutiny from auditors, regulators, and counterparties.
Marshall & Stevens provides Fairness and Solvency Opinions, valuation analyses, investigative accounting, and expert witness services to assist public and private clients with their important transactions and litigation matters.
Here are a few client success stories from public and private companies we’ve worked with
