Guangdong Guanshan Wind Power Project

Audit Analysis

A 10-year wind power project in Guangdong, China, with a VVB-confirmed investment additionality test and a jurisdictional baseline, but weakened by an inconsistent leakage justification, a 2009 grid emission factor flagged in a material finding, and the absence of FPIC. The ERR figures are internally consistent across the final verification, and the project's renewable nature eliminates reversal risk, but several safeguard and documentation gaps prevent a higher rating.

Project Description

Red Flags

• ⚠Leakage justification is internally contradictory within the same verification report: one section states 'not addressed' while another states 'deemed negligible', leaving the 0% deduction without a clear, consistent rationale.
• ⚠The grid emission factor used (0.893325, year 2009) was flagged as incorrect in the monitoring report per the verification report's material findings, requiring correction and ERR recalculation.
• ⚠FPIC was not conducted, and the validation report (2010) records no grievance mechanism, no benefit-sharing description, and no safeguards mention — all later contradicted by the 2022 verification report.
• ⚠CORSIA eligibility and CCP status are not stated in any available document, leaving dual-channel risk unassessed.

Credit Vintages