CNOOC Pingyin Wind Farm Phase I project
GS-3506 ↗ · current registry ID: GS11559
#66of 770 in Renewable energy#29of 204 in China#23of 426 in Gold Standard (GS)#45of 383 in ACM0002
Audit Analysis
The CNOOC Pingyin Wind Farm Phase I is a standard Gold Standard wind displacement project with VVB-confirmed additionality and matching claimed/verified ERR figures. However, multiple contradictions across documents (baseline method, leakage justification, additionality test type) and a high volume of corrective action requests (13 CARs) introduce moderate data-reliability concerns. The project is CORSIA-eligible, adding a dual-channel consideration, and the grid emission factor dates from 2019.
Red Flags
- 13 Corrective Action Requests and 5 Clarification Requests were raised during verification (all closed), indicating significant documentation or compliance gaps at the time of review
- Baseline method is contradictory: the verification report (2023) states a project-specific baseline while the monitoring report (2023) references a jurisdictional baseline
- Leakage justification is inconsistent: the verification report states 'deemed negligible' while the monitoring report states 'quantified', with a 0% deduction applied
- Grid emission factor of 0.8269 tCO2/MWh is from 2019; no evidence of an updated factor for the 2024 monitoring period
- CORSIA eligibility is confirmed but CCP status is not stated, leaving the dual-channel allocation picture incomplete
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2020 | 69,246 | 12,865 | 56,381 | |
| 2021 | 54,084 | 44,936 | 9,148 | |
| 2022 | 55,130 | 0 | 55,130 | |
| 2023 | 22,905 | 0 | 22,905 | |
| Total | 201,365 | 57,801 | 143,564 |
Risk Indicators
VVB-confirmed investment test
Wind displacement – no storage risk
0% deduction, justification inconsistent across docs
Project-specific; method contradicted in monitoring report
FPIC and grievance mechanism documented
CORSIA-eligible; CCP status not stated
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