Heilongjiang Fuyuan Wind Power Project

Audit Analysis

A CDM wind power project verified by DNV KEMA with a combined additionality test and conservative tariff assumptions, but undermined by four cross-document contradictions (leakage justification, additionality type, baseline method, crediting period), a meter accuracy discrepancy, and the absence of a verified ERR figure. The IRR of 7.56% falling below the 8% benchmark actually supports additionality, yet the unresolved contradictions and missing monitoring data limit confidence in the credit's integrity.

Project Description

Red Flags

• ⚠Four contradictions across documents on leakage justification, additionality test type, baseline method, and crediting period dates create material uncertainty about which values are authoritative
• ⚠Meter accuracy (0.5S) in the monitoring report is inconsistent with the registered PDD value (0.2S), requiring a conservative ±0.3% deduction
• ⚠Total verified ERR is not found in the extracted record, preventing independent confirmation of credit issuance against the 512,624 tCO₂e lifetime claim
• ⚠Three corrective actions were required, including updating the PDD additionality tools and clarifying the net electricity generation monitoring procedure

Credit Vintages