Loi Hai 2 Wind Farm Project – 28.8 MW

Audit Analysis

The Loi Hai 2 Wind Farm is a VVB-verified Gold Standard project with confirmed additionality and no reversal events, but it is undermined by eight material findings in the verification report, a 0% leakage deduction with no stated justification, and a verified emission reduction of only about 6% of the pro-rata expectation for the elapsed monitoring period. Multiple contradictions across documents—on baseline type, leakage treatment, and ERR figures—further erode confidence in the data quality.

Project Description

Red Flags

• ⚠Verified ERR of 16,418 tCO2e is only ~6% of the pro-rata lifetime expectation (~278,000 tCO2e) for the 33-month monitoring period, suggesting either severe under-performance or calculation errors
• ⚠Eight material findings in the verification report, including inconsistent capacity figures, missing baseline emission calculations, and a monitoring report not cross-checked against the current methodology version
• ⚠Leakage deduction of 0% with justification recorded as 'not addressed' in the verification report, contradicting the monitoring report's claim of a 'quantified' treatment
• ⚠Baseline method described as 'project' in the verification report but 'jurisdictional' in the earlier monitoring report, creating ambiguity about the reference case
• ⚠No buffer pool percentage stated in any available document, and no baseline reassessment date recorded

Credit Vintages