Expansion San Pedro Wind Farm Project
#135of 1935 in Renewable energy#2of 31 in Chile#3of 99 in CerCarbono (CC)#96of 1287 in ACM0002
Audit Analysis
The Expansion San Pedro Wind Farm is a well-structured renewable energy project with VVB-confirmed additionality, documented safeguards, and conservative under-delivery relative to ex-ante estimates. However, the project-specific baseline (rather than jurisdictional), several unresolved contradictions between verification reports, and missing FNRB/usage-rate data limit confidence in the robustness of the credit claims.
Red Flags
- Baseline method contradicts between two verification reports (project-specific vs. jurisdictional), with the more recent report (Feb 2025) indicating a project-specific baseline — a weaker basis than jurisdictional
- Crediting period contradicts between reports: 2021–2027 (Feb 2025) vs. 2015–2035 (Jan 2025), creating ambiguity about the actual project lifetime and ex-ante allocation
- FNRB value, usage-rate assumptions, and usage-rate verification are all absent from the extracted record, leaving the displacement calculation partially unverifiable
- Multiple corrective action requests (10 CARs) in the verification report, including inconsistencies with the PDD and missing evidence for investment decision timing
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2021 | 78,907 | 0 | 78,907 | |
| 2022 | 80,005 | 0 | 80,005 | |
| 2023 | 73,810 | 0 | 73,810 | |
| 2024 | 38,579 | 0 | 38,579 | |
| Total | 271,301 | 0 | 271,301 |
Risk Indicators
VVB-confirmed combined test
Avoidance project, no reversal risk
0% with quantified justification
Project-specific, method contradicts across reports
FPIC, grievance mechanism, safeguards documented
CORSIA and CCP status not stated
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