12 MW Bundled Photovoltaic power plant in Jeollanam-Do

Audit Analysis

A 12 MW solar PV project under CDM with a jurisdictional baseline and VVB-confirmed investment additionality test, but the validation report identified nine material findings including calculation errors, data inconsistencies, and double accounting in the NPV. No monitoring or verification data is available to confirm actual delivery, and a grid emission factor discrepancy between documents raises over-crediting concerns. The project type inherently carries low permanence and leakage risk, but the documentation gaps and unresolved data contradictions limit confidence in the claimed 88,600 tCO2e.

Project Description

Red Flags

• ⚠Nine material findings in the validation report, including double accounting of initial cost and depreciation in the NPV calculation, missing steps in emission factor calculation, and inconsistency between estimated electricity generation and emission reduction
• ⚠Grid emission factor contradiction: 0.6096 in the validation report versus 0.5375 in an appendix, a ~12% difference that directly affects the ERR
• ⚠No monitoring reports or verification reports available; total verified ERR and monitoring period are not stated in any extracted document
• ⚠Minimum extraction confidence rated low, indicating at least one key document was poorly readable

Credit Vintages

No issuances recorded on the registry.