Hebei Chengde Huifeng Windfarm Project

Audit Analysis

A CDM wind project (ACM0002 v06) with VVB-confirmed additionality via a combined test, but undermined by four material findings during validation, contradictory baseline characterisations across documents, and a 22% downward revision in claimed ERR between successive monitoring reports. The project is an avoidance-type wind installation with inherently low reversal risk, and the 0% leakage deduction is reasonable for the sector, yet the data inconsistencies and numerous unreported fields limit confidence in the overall credit quality.

Project Description

Red Flags

• ⚠Total ERR claimed dropped from 109,440 (2011 monitoring report) to 85,569 (2012 monitoring report), a 22% reduction that is not explained in the extracted record
• ⚠Baseline method characterised as 'project' in the 2012 monitoring report but 'jurisdictional' in the 2008 PDD — a fundamental inconsistency in how the baseline is defined
• ⚠Four material findings during validation (location coordinates, turbine technical parameters, IRR/sensitivity analysis, and baseline emission factor inconsistency) indicate initial documentation quality issues
• ⚠Leakage justification is contradictory: 'quantified' in the 2012 monitoring report versus 'deemed negligible' in the 2008 validation report, while the deduction remains 0%

Credit Vintages