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VCS Energy industries (renewable/non-renewable sources) Philippines Registry: Registered Documentazione completa General Methodology v2.0

Negros Island Solar Power Inc.

VCS-1735 ↗

5.4 / 10
Integrity
6.2
Transparency
5.1
Claim Safety
5.6
Documentation
4.0

Score Breakdown

Integrity

verified Additionality was confirmed by the VVB using an investment test, and the project uses ACM0002 under VCS.

missing The issuance report records one corrective action request and discrepancies between invoices and the emission reduction spreadsheet for the La Carlota site.

Transparency

verified The monitoring period and verified emission reductions are stated in the issuance record, and the VVB is identified as Bureau Veritas India Pvt. Ltd.

missing Total claimed reductions are not stated in the extracted record, and the extraction confidence is low, indicating at least one key document was hard to read.

Claim Safety

verified Leakage is treated as negligible with a 0% deduction, which reduces over-crediting risk for this renewable energy project.

missing The baseline is project-specific rather than a more conservative standardized or jurisdictional baseline, and the spreadsheet discrepancy raises some over-crediting concern.

Documentation

verified Seventeen documents were used, and the issuance record includes material findings and corrective actions, showing substantive review.

missing The extraction confidence is low, several key fields are not stated in available documents, and the crediting period is much longer than the reported monitoring period.

Detailed Analysis

Integrity

The project’s additionality is stronger than average because the issuance report says the VVB confirmed it through an investment test. Leakage is addressed with a stated justification of negligible impact and a 0% deduction, which is favorable for a solar project. That said, the issuance report also lists one corrective action request and several clarification requests, including discrepancies between invoice quantities and the emission reduction spreadsheet for the La Carlota site, which reduces confidence in the emissions calculation.

Transparency

The record identifies the VVB, the monitoring period from 2020-04-26 to 2023-05-25, and the verified emission reductions of 155,337. However, the total claimed reductions are not stated in the extracted record, so over-crediting cannot be checked directly from the provided facts. The low extraction confidence also suggests at least one source document was difficult to read, which weakens documentation transparency.

Claim Safety

Claim safety is moderately positive because the project is a renewable energy activity under ACM0002 and leakage is treated as negligible with no deduction. Still, the baseline is project-specific rather than a more conservative standardized baseline, and the invoice-versus-spreadsheet discrepancy creates some risk that the verified reductions may not fully align with underlying activity data. No FNRB issue is relevant here because the method is marked not applicable.

Documentation

Documentation is mixed: there are 17 documents used, the VVB is named, and the issuance report includes findings and corrective actions. On the other hand, the extraction confidence is low, several fields such as claimed reductions and usage monitoring details are not stated in available documents, and the monitoring period is much shorter than the full crediting period. The contradictory FPIC records also indicate incomplete consistency across the source set.

Overall

Overall, this is a mid-quality renewable energy crediting case with solid points on additionality and leakage treatment, but it is held back by documentation weaknesses and verification findings. I privileged the 2024 issuance record over the earlier 2018 document where the two conflict, because it is more recent and closer to the verified monitoring period; that is why FPIC is treated as not conducted in the semaphore, while noting the contradiction explicitly. I also privileged the later leakage statement of negligible impact over the earlier not-addressed position for the same reason, but the existence of those contradictions still lowers reliability.

Audit Analysis

This is a registered VCS renewable energy project with VVB-confirmed additionality and a quantified leakage deduction of 0%, which supports moderate integrity. However, the record shows low extraction confidence, multiple corrective findings, and a discrepancy between invoices and the emission reduction spreadsheet for one site, which weakens confidence in the claimed reductions.

Project Description

Proponent: Negros Island Solar Power Inc. Protocol categories: Energy industries (renewable/non-renewable sources) Protocols: ACM0002 Estimated annual GHG reductions: 66039 tCO2e Region: Asia Registration date: 2018-02-22

Red Flags

  • The verification found one corrective action request and several clarification requests, including invoice-to-spreadsheet discrepancies at the La Carlota site.
  • FPIC is not consistently documented: one document indicates it was conducted, while the later issuance record says it was not.

Credit Vintages

Issued Retired Available
2016
49,437 49,437 0
2017
60,449 60,449 0
2018
62,773 62,773 0
2019
64,786 34,986 29,800
2020
22,387 22,387 0
Total 259,832 230,032 29,800

Cosa migliorerebbe questo punteggio

  • Publish the full claimed-versus-verified emissions reconciliation and the underlying spreadsheet checks for the La Carlota site.
  • Clarify the FPIC record and provide a complete, readable set of monitoring and verification documents with consistent leakage and safeguard statements.

Questi suggerimenti indicano quali prove pubbliche aggiuntive potrebbero migliorare il livello di confidenza di questa valutazione. Non garantiscono un punteggio futuro più alto.

Risk Indicators

Additionality

VVB-confirmed investment test

Permanence

Avoidance project with no reversal risk

Leakage

Negligible leakage with 0% deduction

Baseline

Project baseline, reassessment timing not stated

Safeguards

Grievance and benefit sharing present, FPIC contradictory

Double-claim

CORSIA/CCP status not stated

Where to buy

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Analysis Provenance Scored 2026-04-19 General Methodology v2.0 Documentazione completa

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