Miaoli 49.8MW Wind Farm Project

Audit Analysis

The Miaoli 49.8 MW wind farm is a Gold Standard project with VVB-confirmed additionality and reasonable safeguards, but it is undermined by multiple material findings (meter calibration delays, incorrect meter numbers, obstruction-light failures), a significant under-delivery of roughly 53% of the pro-rata ex-ante expectation for the monitored period, and unresolved contradictions in the baseline method and grid emission factor across verification reports. The project is functional but carries moderate data-reliability and over-crediting risk.

Project Description

Red Flags

• ⚠Verified emissions reductions (178,044 tCO₂) represent only ~53% of the pro-rata ex-ante expectation (336,834 tCO₂) for the two-year monitoring period, indicating substantial under-delivery or an overly optimistic ex-ante estimate.
• ⚠The 2017 verification report lists at least 14 material findings and corrective actions, including delayed meter calibration, an incorrect meter number used in consumption readings, and non-functioning obstruction lights, raising concerns about the reliability of the monitoring data.
• ⚠The baseline method is described as 'jurisdictional' in the 2017 verification report but as 'project-specific' in the 2015 verification report — an unresolved contradiction that affects the robustness of the counterfactual.
• ⚠The grid emission factor differs between the PDD (0.645 tCO₂/MWh, 2009) and the 2017 verification report (0.714 tCO₂/MWh), and no updated grid factor is documented for the full crediting period.

Credit Vintages