CANELA II WIND FARM PROJECT
#15of 1935 in Renewable energy#1of 31 in Chile#8of 1459 in CDM (UNFCCC)#6of 1287 in ACM0002
Audit Analysis
The Canela II Wind Farm is a well-structured CDM project with a VVB-confirmed combined additionality test (IRR below WACC), a jurisdictional grid baseline, and no reversal risk inherent to wind generation. The verified emissions reductions (512,912 tCO2) came in below the ex-ante PDD estimate (629,930 tCO2), indicating conservative delivery. Main gaps are the absence of explicit FPIC/grievance documentation and the lack of stated CORSIA/CCP eligibility.
Red Flags
- Grid emission factor of 0.656 tCO2/MWh is sourced from 2008 data; no evidence of a more recent reassessment was found in the extracted record.
- CORSIA eligibility and CCP status are not stated in any available document, leaving dual-channel risk unassessed.
- FPIC and grievance mechanism are not explicitly documented despite safeguards being mentioned in the project record.
Credit Vintages
No issuances recorded on the registry.
Risk Indicators
VVB-confirmed combined test; IRR < WACC
Wind energy; no reversal risk or events
Deemed negligible; reasonable for grid displacement
Jurisdictional grid EF from 2008; reassessment not stated
Mentioned but FPIC and grievance mechanism not documented
CORSIA and CCP status not stated
⚑ Dispute this rating
Are you the project owner?
Metadata correction (free)
Name, country, marketplace or links incorrect? Let us know.
Does not modify the score.
[email protected] →Pipeline re-run with new documents
Have updated documentation not yet included? You can request a new run of the pipeline with the new inputs.
Submit Documents →Share this rating
