Folha Larga Sul Renewable Energy

Audit Analysis

Folha Larga Sul is a VCS-registered renewable energy project in Brazil with a jurisdictional grid baseline and VVB-confirmed investment additionality. The verification report (May 2024) identified seven material findings and required six corrective actions, including inconsistencies in electricity generation values and use of outdated grid data, which moderate confidence in the verified figures. The project delivered approximately 77% of the pro-rata lifetime expectation for the elapsed monitoring period, consistent with normal renewable-energy variability.

Project Description

Red Flags

• ⚠Seven material findings in the verification report, including inconsistencies in electricity generation values between monitoring reports and the ER sheet, and use of 2019 grid data instead of available 2020 data
• ⚠Six corrective actions required, including rectification of generation values and updating baseline data to the most recent available from Brazilian DNA
• ⚠Nine contradictions across documents, most notably the PDD lifetime ERR of 3,327,530 versus the verification report monitoring-period ERR of 383,096 (different bases, but the gap warrants scrutiny)
• ⚠No buffer pool or permanence mechanism documented, though non-permanence risk is stated as 'not applicable' for this project type

Credit Vintages

No issuances recorded on the registry.