Luofan 24MW Hydropower Project In Guizhou Province China
#623of 1935 in Renewable energy#301of 1084 in China#354of 1339 in Verra (VCS)#481of 1287 in ACM0002
Audit Analysis
The Luofan 24MW hydropower project is a straightforward grid-displacement avoidance project with a VVB-confirmed investment additionality test and a jurisdictional baseline. However, multiple contradictions between the validation report and PDD (baseline method, additionality test type, safeguards), a 'late to verify' registry status, and low extraction confidence in the source documents create meaningful uncertainty about the project's compliance posture and data reliability.
Red Flags
- Registry status is 'Late to verify', indicating the project is not meeting its verification schedule obligations
- Contradiction between validation report (baseline = 'project') and verification report (baseline = 'jurisdictional') creates uncertainty about the actual baseline methodology applied
- Safeguards documentation is inconsistent: the PDD states safeguards are mentioned, but the validation report (VVB assessment) states they are not; FPIC was not conducted and no grievance mechanism is in place
- Minimum extraction confidence is rated 'low', meaning at least one key document was poorly readable, reducing reliability of the extracted data
Credit Vintages Exhausted
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2011 | 65,423 | 65,423 | 0 | |
| 2012 | 30,201 | 30,201 | 0 | |
| Total | 95,624 | 95,624 | 0 |
Risk Indicators
VVB-confirmed investment test
mixed evidence / unresolved risk
0% justified as negligible for grid displacement
Jurisdictional per VR but contradicted by VA; reassessment timing unstated
No FPIC, no grievance mechanism, safeguards absent per VVB
CORSIA and CCP status both unstated
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