Baesa Project

Audit Analysis

The Baesa hydropower project is a VCS-registered avoidance project with a confirmed investment additionality test and a jurisdictional baseline, but its integrity is significantly undermined by an extensive list of material findings (calibration gaps, data inconsistencies, incorrect GWP values, unit errors) and 19 corrective actions. The project delivered roughly 70% of its pro-rata ex-ante expectation for the elapsed monitoring period, which is conservative but raises questions about the accuracy of the original estimate. Low extraction confidence and numerous unquantified fields limit the overall reliability of the assessment.

Project Description

Red Flags

• ⚠Extensive material findings in the 2021 verification report include calibration certificates not provided, GWPCH4 value inconsistent with IPCC AR4, cross-check spreadsheet data not matching meter evidences for specific months, and unexplained high monthly variability in hydropower generation
• ⚠19 corrective actions were required, including recalculation of estimated emission reductions for the first crediting period and correction of the EFOM used in 2021 ER calculations
• ⚠Reversal events are listed as 'not addressed' in the 2021 verification report, and no buffer pool percentage is stated in any available document
• ⚠Minimum extraction confidence is rated low, indicating at least one key document was poorly readable, reducing reliability of the extracted data
• ⚠CORSIA eligibility and CCP status are not stated in any available document, leaving dual-channel risk unassessed

Credit Vintages