8.85MW SECHAN POWER PV(photovoltaic) power plant(a bundling project which consists of 7different PV power plants)

Audit Analysis

A bundled 8.85 MW solar PV project in South Korea under CDM with a jurisdictional baseline and VVB-confirmed investment additionality test, but undermined by a major non-conformity on CDM incentive consideration, a significant under-delivery (only 5 of 7 plants built, actual emissions reductions far below the PDD estimate), and a large unexplained discrepancy between the PDD and monitoring-report ERR figures. The project type (solar) carries inherent permanence and low leakage risk, but the additionality weakness and data gaps limit confidence.

Project Description

Red Flags

• ⚠Major non-conformity: evidence that CDM incentive was seriously considered prior to project start was initially missing, undermining the investment additionality test
• ⚠Only 5 of 7 planned PV plants were built due to financial constraints, yet the PDD estimated 58,395 tCO2e while the monitoring report records only 3,537 tCO2e for the period — a roughly 94% gap that is not fully explained by the missing plants
• ⚠Grid emission factor contradiction: 0.6096 tCO2/kWh in the 2010 monitoring report versus 0.6817 in the 2008 appendix, a 12% difference that materially affects credit volume
• ⚠97 MWh of electricity imported from KEPCO was not accounted for in the registered PDD, creating a baseline integrity gap

Credit Vintages

No issuances recorded on the registry.