Negros Island Solar Power Inc.

Audit Analysis

Negros Island Solar Power is a grid-connected solar project with a sound additionality basis (investment test confirmed by Bureau Veritas) and no inherent permanence or leakage risk. However, a corrective action request flagging discrepancies between electricity invoices and the emission-reduction spreadsheet, combined with a contradiction in the stated baseline method between the verification and monitoring reports, introduce meaningful data-quality concerns that temper an otherwise straightforward renewable-energy credit.

Project Description

Red Flags

• ⚠Corrective Action Request (CAR) identified discrepancies in electricity quantities between PEMC invoices and the emission-reduction spreadsheet at the La Carlota site, raising questions about the accuracy of baseline and project emission calculations.
• ⚠Baseline method is stated as 'project-specific' in the 2024 verification report but as 'jurisdictional' in the 2023 monitoring report — an unresolved contradiction that affects baseline validity.
• ⚠FPIC status is contradictory: the 2018 verification report records FPIC as conducted, while the 2024 verification report records it as not conducted, with no explanation for the change.
• ⚠Calibration delays were observed at both La Carlota (Feb 2019) and Manapla (Feb 2019 and Feb 2020) sites, with error factors applied to affected months, indicating measurement uncertainty.

Credit Vintages