FST SMALL-SCALE SOLAR POWER PLANT IN KAMPHAENG PHET, THAILAND
#36of 770 in Renewable energy#1of 22 in Thailand#46of 629 in Verra (VCS)
Audit Analysis
A small-scale solar power plant in Thailand with VVB-confirmed additionality, smart-meter monitoring, and no material findings. The project is inherently low-risk as an avoidance-type renewable energy credit, but the verification report notes leakage was not properly addressed and the baseline is project-specific rather than jurisdictional. Overall a solid, low-complexity project with minor documentation gaps.
Red Flags
- Verification report states leakage was 'not addressed' while the monitoring report claims it was 'deemed negligible' — the higher-priority verification report's assessment prevails, leaving the 0% leakage deduction without a documented justification
- CORSIA eligibility and CCP status are not stated in any available document, leaving dual-channel risk unassessed
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2023 | 6,335 | 0 | 6,335 | |
| 2024 | 11,088 | 0 | 11,088 | |
| Total | 17,423 | 0 | 17,423 |
Risk Indicators
VVB-confirmed investment test
Avoidance project, no reversal risk
0% deduction, justification not addressed
Project-specific, not jurisdictional
FPIC, grievance mechanism, safeguards documented
CORSIA and CCP status not stated
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