Gansu Jinchang Magang and Huangmaopo Bundled Wind Power Project
GS-389 ↗ · current registry ID: GS2499
#109of 1935 in Renewable energy#26of 1084 in China#39of 1801 in Gold Standard (GS)#77of 1287 in ACM0002
Audit Analysis
A Gold Standard wind power project in Gansu, China, with VVB-confirmed investment additionality and no reversal risk inherent to the technology. The project delivered approximately 73% of its pro-rata ex-ante expectation for the 2024 monitoring period, indicating conservative crediting. Minor documentation gaps and a project-specific baseline (rather than jurisdictional) temper an otherwise solid profile.
Red Flags
- Baseline method contradiction: the PDD (2014) describes a jurisdictional baseline while the 2023 verification report characterises it as project-specific; the more recent verification report is privileged, but the discrepancy weakens baseline robustness
- Leakage justification inconsistency: an earlier verification report (March 2023) states leakage was 'not addressed' while the August 2023 report says it was 'quantified'; the 0% deduction is reasonable for wind but the documentation trail is inconsistent
- Two material findings (CR#1, CR#2) regarding meter identification and net electricity monitoring clarity remain as corrective actions in the verification report
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2014 | 89,812 | 89,812 | 0 | |
| 2015 | 58,054 | 58,054 | 0 | |
| 2016 | 96,405 | 96,405 | 0 | |
| 2017 | 100,453 | 100,336 | 117 | |
| 2018 | 122,367 | 122,367 | 0 | |
| 2019 | 112,683 | 112,554 | 129 | |
| 2020 | 125,860 | 112 | 125,748 | |
| 2021 | 5,197 | 103 | 5,094 | |
| Total | 710,831 | 579,743 | 131,088 |
Risk Indicators
Investment test VVB-confirmed
Wind – no sequestration risk
0% deduction, justification inconsistent
Project-specific, reassessed 2022
Grievance & benefit-sharing documented
CCP & CORSIA status not stated
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