Costa Rica Grouped Wind Project

Audit Analysis

The Costa Rica Grouped Wind Project is a VCS-registered renewable energy project with a verified investment-test additionality and a jurisdictional baseline, delivering approximately 91% of its pro-rata ex-ante expectation over the monitored period. However, the verification process surfaced a large number of material findings and corrective actions—ranging from turbine nomenclature errors to significant discrepancies between metered data and invoices—indicating meaningful data-quality weaknesses in the monitoring and reporting chain. Key gaps remain in FNRB, CORSIA/CCP eligibility, and the recency of the grid emission factor (2015).

Project Description

Red Flags

• ⚠Fifteen or more corrective actions were required across multiple verification cycles, including significant discrepancies between metered generation data and CENCE invoices for Campos Azules, Miramar, and Perla instances, undermining confidence in the accuracy of reported generation.
• ⚠The grid emission factor used for the baseline is from 2015 and no updated value or reassessment date is stated in the available documents, raising the question of whether the baseline remains representative of the current Costa Rican grid mix.
• ⚠The VCS Project Design Document was found incomplete in multiple sections (2.1, 4.1, 5.1, 5.4), and the No Net Harm implementation section lacked sufficient detail, indicating gaps in the project's foundational documentation.
• ⚠FNRB value, CORSIA eligibility, and CCP status are all not stated in the extracted record, leaving the credit's market-channel eligibility and double-claim risk unassessed.

Credit Vintages Exhausted