81MW Caparispisan Wind Energy Project
GS-476 ↗ · current registry ID: GS2691
#283of 770 in Renewable energy#3of 7 in Philippines#177of 426 in Gold Standard (GS)#219of 383 in ACM0002
Audit Analysis
The 81 MW Caparispisan wind project is a low-inherent-risk avoidance project with VVB-confirmed additionality and slightly over-delivered emissions reductions (104% of expected). However, two open corrective actions on baseline validity and ongoing financial need, a formal audit request, and ten cross-document contradictions materially weaken confidence in the project's methodological rigour and data consistency.
Red Flags
- Corrective Action Request 1: validity of baseline and data/parameters not demonstrated in the PDD for the second crediting period (verification report, Dec 2024)
- Corrective Action Request 2: ongoing financial need not demonstrated in accordance with Gold Standard requirements (verification report, Dec 2024)
- One Formal Audit Request (FAR-01) raised by the Gold Standard DOE
- Grid emission factor discrepancy: 0.6836 tCO2/kWh (2024 monitoring report, based on 2015-2017 data) vs 0.5535 (2022 monitoring report) — a 23% swing that directly affects credit quantities
- FPIC recorded as not conducted in the 2020 monitoring report, contradicting the 2016 PDD which states it was conducted
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2015 | 53,693 | 53,693 | 0 | |
| 2016 | 114,684 | 114,684 | 0 | |
| 2017 | 147,195 | 136,095 | 11,100 | |
| 2018 | 78,267 | 78,240 | 27 | |
| 2019 | 76,670 | 0 | 76,670 | |
| 2020 | 66,198 | 0 | 66,198 | |
| Total | 536,707 | 382,712 | 153,995 |
Risk Indicators
VVB-confirmed but OFN and baseline validity under CAR
Avoidance project, no storage, no reversal events
0% deduction, justification not addressed in latest report
Project-specific, CAR on validity, grid EF from 2015-2017
Grievance mechanism present, FPIC not conducted, benefit sha
CORSIA and CCP status not stated in available documents
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