AMI Khanh Hoa Solar Project
GS-2039 ↗ · current registry ID: GS7551
#337of 770 in Renewable energy#14of 25 in Vietnam#230of 426 in Gold Standard (GS)#250of 383 in ACM0002
Audit Analysis
The AMI Khanh Hoa Solar Project is a Gold Standard solar electricity project in Vietnam with a VVB-verified investment additionality test and strong over-delivery relative to pro-rata expectations. However, the project-specific baseline, a 0% leakage deduction with no stated justification, three unresolved corrective actions, and multiple inter-document contradictions (including a shift from jurisdictional to project-specific baseline between 2022 and 2024 verification reports) materially weaken confidence in the underlying claims.
Red Flags
- Three corrective actions (CAR 01–03) were required by the VVB, including mismatches between the monitoring report and actual operational incidents, and incomplete calibration records
- Leakage deduction is 0% with the justification recorded as 'not addressed' in the most recent verification report (Dec 2024), despite the earlier verification report (Jan 2024) stating it was 'deemed negligible'
- Baseline method changed from 'jurisdictional' in the 2022 verification report to 'project-specific' in the 2024 verification report, with no documented rationale for the change
- Buffer pool percentage is not stated in any available document, leaving permanence risk unquantified
- Low extraction confidence across the document set, indicating at least one key document was poorly readable
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2019 | 35,244 | 35,223 | 21 | |
| 2020 | 62,850 | 41,028 | 21,822 | |
| 2021 | 54,210 | 25,720 | 28,490 | |
| 2022 | 50,900 | 2,781 | 48,119 | |
| 2023 | 6,217 | 6,217 | 0 | |
| Total | 209,421 | 110,969 | 98,452 |
Risk Indicators
VVB-verified investment test
No buffer pool stated; solar project (low inherent risk)
0% deduction, justification 'not addressed' in latest report
Project-specific baseline; method changed between 2022 and 2
FPIC conducted, grievance mechanism present, safeguards docu
CORSIA and CCP status not stated in available documents
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