Gimhae PV(photovoltaic) Power Plant Project

Audit Analysis

The Gimhae solar PV project (CDM-4048) is a straightforward grid-displacement project with a confirmed investment-test additionality and jurisdictional baseline, but the validation report surfaced nine material findings including a baseline emission-factor miscalculation and an unresolved ODA/public-funding question. Two numerical contradictions between the PDD and the validation report (a 10× ERR discrepancy and a grid-EF mismatch) reduce confidence in the underlying data, and no post-issuance monitoring data is available in the extracted record.

Project Description

Red Flags

• ⚠Ten-fold discrepancy in total ERR between the PDD (12,470) and the validation report (1,247), likely a unit or decimal error but indicating weak internal consistency
• ⚠Validation report CAR 2 flags that the baseline emission factor was miscalculated because Ulsan plant fuel consumption was wrongly described
• ⚠CL 3: no evidence submitted that project financing excludes ODA or public funding from Annex I countries, undermining the investment-test additionality
• ⚠No monitoring-period data or verified ERR figures found in any available document despite the crediting period having ended in November 2020
• ⚠Low extraction confidence across the document set, meaning key fields may be missing or misread

Credit Vintages

No issuances recorded on the registry.