Hainan Lingao Solar Project

Audit Analysis

The Hainan Lingao Solar Project is a CDM-registered solar PV installation with a jurisdictional grid baseline and VVB-confirmed additionality, but the validation report identified nine corrective action requests including IRR calculation errors, monitoring system discrepancies, and a ten-fold discrepancy in the claimed emission reduction figure between the PDD and the validation report. The low extraction confidence and numerous missing data points (monitoring period, verified ERR, FNRB, usage rates) limit the ability to confirm the project's actual performance against its claims.

Project Description

Red Flags

• ⚠Ten-fold discrepancy in total ERR: the PDD states 217,404 tCO2e while the validation report states 21,740 tCO2e — a factor-of-10 error that raises serious over-crediting risk if the PDD figure was used for issuance
• ⚠Nine corrective action requests in the validation report, including IRR calculation errors in depreciation and loan payment sheets, missing sensitivity analysis, and a monitoring system description that does not match actual site conditions
• ⚠Leakage justification is contradictory: the validation report states 'deemed negligible' while an appendix references a 'quantified' approach, with no clear reconciliation
• ⚠Low extraction confidence across the document set, meaning key operational and monitoring data may be missing or misread

Credit Vintages

No issuances recorded on the registry.