Larimar Wind Farm Project

Audit Analysis

The Larimar Wind Farm is a registered VCS avoidance project with a VVB-confirmed combined additionality test and a jurisdictional baseline, but the verification report identified 24 material findings including incorrect emission-factor calculations, an improper financial analysis, and a grid-EF typo in the registered PDD. The project type (wind displacement of grid electricity) carries inherently low permanence and leakage risk, yet the absence of a stated buffer pool and the volume of corrective actions required temper confidence in the robustness of the credit calculations. Low extraction confidence across the document set further limits assurance.

Project Description

Red Flags

• ⚠The verification report (Nov 2024) lists 24 material findings, including an incorrect EFEL,m,y calculation option, erroneous Simple Operating Margin and Build Margin emission factors, and an improper inflation-rate application in the additionality financial analysis — all of which affect the baseline and additionality underpinning the credits.
• ⚠The grid emission factor in the registered PDD contained a typo (0.6435 vs. the correct 0.7173 tCO2e/MWh), indicating a documentation-control weakness that could have affected earlier credit calculations.
• ⚠Minimum extraction confidence across the 23 source documents is rated low, reducing assurance that all key parameters were correctly captured.

Credit Vintages