Bac Lieu Province Wind Power Plant
GS-300 ↗ · current registry ID: GS1890
#221of 770 in Renewable energy#9of 25 in Vietnam#127of 426 in Gold Standard (GS)#174of 383 in ACM0002
Audit Analysis
A Gold Standard wind power project in Vietnam with a VVB-verified investment additionality test and conservative under-delivery relative to PDD estimates, but weakened by a project-specific baseline, an unjustified 0% leakage deduction, no buffer pool, partial commissioning (43 of 62 turbines), and a high volume of corrective actions across monitoring reports. Multiple inter-document contradictions on baseline method, leakage treatment, and FPIC status reduce confidence in the data record.
Red Flags
- Leakage deduction of 0% with no documented justification in the 2025 verification report, despite the 2020 verification report having previously quantified leakage
- Project operating at partial capacity (43 of 62 wind turbines commissioned) with no buffer pool or permanence mechanism documented
- Extensive corrective actions (10+ CARs and CLs) across multiple monitoring periods indicate recurring MRV quality issues
- Contradiction on baseline method: the 2025 verification report states 'project' while the 2021 verification report states 'jurisdictional'
- CORSIA eligibility and CCP status are not stated in any available document
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2013 | 8,753 | 0 | 8,753 | |
| 2014 | 18,976 | 0 | 18,976 | |
| 2015 | 40,158 | 0 | 40,158 | |
| 2016 | 87,102 | 0 | 87,102 | |
| 2017 | 111,726 | 0 | 111,726 | |
| 2018 | 95,238 | 0 | 95,238 | |
| 2020 | 64,826 | 0 | 64,826 | |
| 2021 | 150,987 | 73,690 | 77,297 | |
| 2022 | 153,298 | 38,781 | 114,517 | |
| 2023 | 160,268 | 0 | 160,268 | |
| 2024 | 87,516 | 0 | 87,516 | |
| Total | 978,848 | 112,471 | 866,377 |
Risk Indicators
VVB-verified investment test
Avoidance project, no buffer pool documented
0% deduction, justification not addressed
Project-specific, method contradicted across reports
FPIC, grievance mechanism, benefit sharing documented
CORSIA and CCP status not stated
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