Ia Bang 1 Wind Power

Audit Analysis

The Ia Bang 1 Wind Power project is a grid-connected wind facility in Vietnam with VVB-confirmed additionality and no reversal risk, but it is undermined by a 0% leakage deduction with no documented justification, a project-specific baseline, 16 material findings (including actual emissions 26.5% below estimate), 12 outstanding corrective actions, and low extraction confidence across the document set. Pro-rata delivery sits at roughly 98% of the lifetime ex-ante expectation for the elapsed monitoring window, which is acceptable, yet the volume of data-quality issues and the absence of FPIC temper confidence in the overall claim.

Project Description

Red Flags

• ⚠Leakage deduction of 0% with justification recorded as 'not addressed' in the most recent verification report (Jan 2026), contradicting an earlier report that described it as 'quantified'
• ⚠Material finding: actual emission reductions were 26.5% lower than estimated, signalling potential over-crediting in the ex-ante model
• ⚠12 corrective actions remain open, including rectification of inconsistent crediting-period dates, PDD typographical errors (33 kV vs 22 kV bus bar), and a discrepancy in exchange rate and IRR calculations
• ⚠Free, Prior and Informed Consent (FPIC) was not conducted, despite the project's presence in a rural Vietnamese community
• ⚠Low extraction confidence across the document set, meaning at least one key document was poorly readable and some facts may be incomplete

Credit Vintages