BIM Wind Power

Audit Analysis

The BIM Wind Power project in Vietnam is a Gold Standard wind project with a VVB-confirmed investment additionality test and no open material findings, but it relies on a project-specific baseline, does not address leakage, and uses a 2020 grid emission factor that may overstate current reductions. The project delivered roughly 84% of its pro-rata expected reductions for the elapsed monitoring period, which is conservative. Low extraction confidence and an unidentified document in the evidence set limit overall assurance.

Project Description

Red Flags

• ⚠Leakage is not addressed in any available document (no deduction, no justification), which is a gap even for a wind project where leakage is typically minimal
• ⚠Baseline method is project-specific per the 2024 verification report, less robust than a jurisdictional baseline; the PDD originally described it as jurisdictional, creating a discrepancy
• ⚠Grid emission factor of 0.823 tCO2/MWh is from 2020; if Vietnam's grid has decarbonised since, the actual emission reduction is lower than claimed
• ⚠Minimum extraction confidence is rated low, and one of the 11 evidence documents is unidentified ('unknown'), reducing assurance in the data record
• ⚠No buffer pool percentage is stated and reversal events are marked as not addressed, leaving permanence risk unquantified

Credit Vintages