Nikopolska Solar Farm
#977of 1935 in Renewable energy#5of 8 in UA#24of 154 in Intl. Carbon Registry (ICR)#770of 1287 in ACM0002
Audit Analysis
The Nikopolska Solar Farm is a methodologically sound solar avoidance project with a jurisdictional baseline and VVB-confirmed additionality, but its credit integrity is undermined by nine material findings—including an incorrect emission reduction formula, a missing PPA, and missing proof of ownership—along with a significant discrepancy in reported emission reduction figures between two validation reports. The project delivered approximately 99% of its pro-rata expectation for the elapsed monitoring period, suggesting the overall credit volume is reasonable, but the unresolved corrective actions and documentation gaps create meaningful risk.
Red Flags
- Nine material findings in the monitoring report, including an incorrect emission reduction formula (CAR 06) that directly undermines the validity of the credit calculation under ACM0002 v21.0
- Contradiction in total ERR between two validation reports: 879,989 tCO2 (Aug 2024) vs 190,113 tCO2 (Apr 2024), a 4.6× discrepancy that raises data reliability concerns
- Missing PPA, proof of ownership, and representation deed—fundamental documents for establishing project legitimacy and operational status
- Missing calibration certificates and inconsistent meter accuracy class between the PDDMR and supporting documents, casting doubt on the reliability of energy output measurements
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2019 | 159,383 | 0 | 159,383 | |
| 2020 | 190,113 | 0 | 190,113 | |
| 2021 | 190,113 | 0 | 190,113 | |
| 2022 | 190,113 | 0 | 190,113 | |
| 2023 | 190,112 | 0 | 190,112 | |
| 2024 | 190,113 | 0 | 190,113 | |
| 2025 | 190,113 | 0 | 190,113 | |
| 2026 | 190,113 | 0 | 190,113 | |
| 2027 | 190,113 | 0 | 190,113 | |
| 2028 | 190,113 | 0 | 190,113 | |
| 2029 | 30,730 | 0 | 30,730 | |
| Total | 1,901,129 | 0 | 1,901,129 |
Risk Indicators
VVB-confirmed combined test
Avoidance project, no reversal risk
Negligible, appropriate for solar
Jurisdictional, reassessment timing not stated
Mentioned, benefit sharing described, no FPIC or grievance mechanism documented
CORSIA and CCP status not stated
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