Himaxen/Hudigm/IK bundled Photovoltaic Power Plant Project

Audit Analysis

A small-scale solar PV project in South Korea validated under CDM with a jurisdictional baseline and VVB-confirmed additionality, but the validation report flagged eight material findings ranging from incorrect emission-factor calculations to missing project-boundary delineation. A ten-fold discrepancy in the claimed emission reductions between the PDD and the validation report, combined with the complete absence of monitoring data, makes it impossible to confirm that the project delivered its claimed credits. The project is past its crediting period with no public performance record.

Project Description

Red Flags

• ⚠Ten-fold discrepancy in total emission reductions: the PDD states 15,070 tCO₂e while the validation report (the later, authoritative document) validates only 1,507 tCO₂e — a 90 % reduction that is never reconciled in the available record.
• ⚠Eight material findings (CARs) in the validation report, including incorrect IPCC default values, inconsistent OM/BM emission-factor inputs, failure to demonstrate small-scale limits, and missing project-boundary delineation.
• ⚠No monitoring reports or verified emission-reduction figures are available for the entire 2013–2023 crediting period; actual performance is entirely unverified.
• ⚠Baseline method is contradictory: the validation report describes a jurisdictional baseline while the PDD describes a project-specific baseline.
• ⚠Minimum extraction confidence is rated low, indicating at least one key document was poorly readable or incomplete.

Credit Vintages

No issuances recorded on the registry.