Candelaria Hydroelectric Project
#1223of 1935 in Renewable energy#9of 15 in Guatemala#946of 1459 in CDM (UNFCCC)#401of 806 in AMS-I.D
Audit Analysis
The Candelaria Hydroelectric Project is a straightforward renewable-energy CDM registration in Guatemala with a jurisdictional baseline and an investment-test additionality assessment, but the available record is thin: no monitoring data, low extraction confidence, and two material findings (CMP guidance gap and electricity-price risk) temper confidence in the credit's integrity and verifiability.
Red Flags
- Two material findings in the validation report: CMP guidance on GWP and CER serial numbers was unavailable post-2020, and electricity-price oscillation is flagged as a high operational risk to the project activity.
- No monitoring report or verified ERR figure is present in the extracted record, so the 74,326 tCO₂e claimed cannot be cross-checked against actual generation.
- Minimum extraction confidence is rated low, indicating at least one key document was poorly readable, which undermines confidence in the completeness of the evidence base.
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2009 | 22,164 | 0 | 22,164 | |
| 2011 | 23,558 | 0 | 23,558 | |
| 2012 | 19,950 | 0 | 19,950 | |
| 2013 | 19,273 | 0 | 19,273 | |
| 2014 | 35,668 | 0 | 35,668 | |
| 2016 | 49,162 | 0 | 49,162 | |
| 2019 | 37,361 | 0 | 37,361 | |
| 2021 | 20,784 | 0 | 20,784 | |
| Total | 227,920 | 0 | 227,920 |
Risk Indicators
Investment test present but VVB confirmation not explicitly stated
Renewable-energy project; no carbon-stock reversal risk applicable
0% deduction with qualitative justification; contradiction in treatment description
Jurisdictional baseline (privileged) but PDD states project-specific; reassessment 2020
Safeguards and benefit-sharing mentioned; FPIC and grievance mechanism not stated
CORSIA and CCP status not stated in available documents
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