In this video, Dorian Hunt, Partner and Head of Renewable and Energy Transition Tax at Leo Berwick, is joined by valuation experts Mike Bammel and Rick Ellsworth to explore the complexities of valuing co-located energy projects. The conversation focuses on how geographically adjacent projects—such as multiple solar installations—might share infrastructure but still require distinct treatment for tax and valuation purposes. Mike and Rick outline key factors in these determinations, including interconnection agreements, equipment similarities, and shared facilities like substations or O&M buildings. The video highlights the importance of applying different lenses to the same asset, depending on regulatory, tax, or appraisal objectives.