8.053MW CHUNIL PV(photovoltaic) power plant bundling CDM Project
#1405of 1935 in Renewable energy#17of 24 in South Korea#1136of 1459 in CDM (UNFCCC)#462of 806 in AMS-I.D
Audit Analysis
A 2010 CDM solar PV project in South Korea with a VVB-confirmed investment additionality test and a jurisdictional grid baseline, but the validation process surfaced nine corrective action requests indicating substantial PDD quality issues. No monitoring data, verified emission reductions, or permanence mechanisms (buffer pool) are available in the extracted record, and the overall document confidence is low. The project is structurally sound for a PV displacement project but suffers from significant documentation and transparency gaps.
Red Flags
- Nine corrective action requests (CARs) were raised during validation, covering unsupported plant load factors, missing CDM-benefit evidence, investment cost discrepancies, inconsistent emission reduction figures, and absent stakeholder consultation records — indicating a materially flawed initial PDD.
- No monitoring period, verified emission reductions, or usage monitoring method is available in the extracted record, making it impossible to confirm actual delivery against the claimed 8,433 tCO₂e/yr.
- Low extraction confidence across the document set means at least one key document was poorly readable, reducing reliability of all extracted figures.
- No buffer pool or permanence mechanism is documented, leaving no safeguard against potential credit reversal if the PV plant is decommissioned before the end of the crediting period.
Credit Vintages
No issuances recorded on the registry.
Risk Indicators
VVB-confirmed investment test
low inherent risk for PV
0% deemed negligible, consistent with PV displacement
Jurisdictional grid EF (2007); no reassessment data
Safeguards and benefit sharing mentioned; FPIC and grievance
CORSIA and CCP status both unstated
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