Nhon Hoa 2 Wind Power Project
GS-3436 ↗ · current registry ID: GS11415
#878of 1935 in Renewable energy#44of 80 in Vietnam#528of 1801 in Gold Standard (GS)#690of 1287 in ACM0002
Audit Analysis
The Nhon Hoa 2 Wind Power Project is a Gold Standard wind project with VVB-confirmed additionality and documented safeguards, but it carries notable integrity concerns including a reported reversal risk with no buffer pool, a project-specific baseline, and a 0% leakage deduction lacking justification in the most recent verification report. Seven contradictions across documents reduce confidence in the data record, and the absence of a verified ERR figure limits transparency. The project is functional but sits in the mid-range of quality, with several gaps that would need closure before a high-confidence claim can be made.
Red Flags
- Reversal risk explicitly reported in the 2025 verification report with no buffer pool percentage stated in any available document
- Leakage deduction of 0% with justification recorded as 'not addressed' in the most recent verification report (Nov 2025), contradicting an earlier 'deemed negligible' statement
- Baseline method described as 'project-specific' in the 2025 verification report, conflicting with a 'jurisdictional' description in the 2025 monitoring report
- Four corrective action requests (CARs) remain in the verification record, including issues with the grievance process and sensitivity analysis
- Total verified ERR is not stated in any available document, preventing independent verification of claimed credits
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2021 | 23,804 | 23,804 | 0 | |
| 2022 | 147,294 | 30,863 | 116,431 | |
| 2023 | 142,942 | 0 | 142,942 | |
| 2024 | 146,144 | 0 | 146,144 | |
| 2025 | 81,009 | 0 | 81,009 | |
| Total | 541,193 | 54,667 | 486,526 |
Risk Indicators
VVB-confirmed investment test
mixed evidence / unresolved risk
0% deduction, justification not addressed in latest report
Project-specific baseline, no reassessment date stated
FPIC, grievance mechanism, benefit sharing documented
CCP and CORSIA status not stated
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