Fasera TSB Facility 1

Audit Analysis

Fasera TSB Facility 1 is a biomass storage project in Australia with a confirmed investment additionality test and 100-year storage durability, but it carries notable operational and documentation gaps: six material findings with corresponding corrective actions, an unquantified leakage assessment, and a project-specific baseline without a stated reassessment schedule. The verified ERR slightly exceeds the claimed figure, and CCP approval is in place, but the absence of a buffer pool and several missing MRV parameters temper confidence in the credit's robustness.

Project Description

Red Flags

• ⚠Six material findings and six corrective actions reported in the December 2025 verification report, including fuel record-keeping gaps, insufficient gas-monitoring equipment, and a missing calibration protocol for the weather station
• ⚠Leakage deduction is not quantified and no justification is provided in any available document, despite leakage being a relevant risk for a biomass storage project
• ⚠No buffer pool percentage is stated in the extracted record, leaving permanence risk unmitigated by a standard mechanism
• ⚠Additionality test type is inconsistent between the PDD (combined test, September 2024) and the verification report (investment test, December 2025)

Credit Vintages Exhausted