GENNEIA WIND PROJECTS IN ARGENTINA

Audit Analysis

The Gennea Wind Projects in Argentina is a registered VCS renewable energy project with VVB-confirmed additionality and no inherent reversal risk, but the verification record reveals significant data-quality issues: nine cross-document contradictions, a material discrepancy between project-reported and CAMMESA/SMEC generation data (CAR 01), and a leakage justification that regressed from 'deemed negligible' to 'not addressed' between the 2024 and 2025 verification reports. The project is fundamentally low-risk in design (wind displacing grid electricity), yet the documentation inconsistencies and unresolved corrective actions temper confidence in the reported emission reductions.

Project Description

Red Flags

• ⚠CAR 01: Hourly net electricity generation records for Chubut Norte I & II (Nov–Dec) and Pomona I & II (Jan) did not match CAMMESA/SMEC system data used in ER calculations, indicating potential over-reporting of generation in the 2024 monitoring period.
• ⚠Nine contradictions across the document set, including baseline method (project vs jurisdictional), leakage justification (deemed negligible vs not addressed), and ERR figures (444,180 vs 391,812), raising data-reliability concerns.
• ⚠Leakage deduction of 0% with justification recorded as 'not addressed' in the most recent (Oct 2025) verification report, a regression from the 2024 report's 'deemed negligible' statement.
• ⚠Ten corrective actions remain open, including missing meter calibration data, incomplete grievance tables, and incorrect equation references in the PDD.

Credit Vintages