Ningxia Xiangshan Wind Farm Project - CORSIA Eligible
#626of 1935 in Renewable energy#302of 1084 in China#357of 1339 in Verra (VCS)#484of 1287 in ACM0002
Audit Analysis
The Ningxia Xiangshan Wind Farm is a registered VCS renewable-energy project with a VVB-verified investment additionality test and a straightforward grid-displacement baseline. However, significant documentation gaps—including a missing verified ERR figure, an unstated buffer pool, and contradictory baseline and leakage justifications across the verification and monitoring reports—limit confidence in the credit's robustness. The project is fundamentally low-risk in design but under-documented in execution.
Red Flags
- Total ERR verified figure is absent from the extracted record, preventing any claimed-vs-verified cross-check for the 2022–2024 monitoring period.
- Baseline method is stated as 'project' in the verification report but 'jurisdictional' in the monitoring report (both dated 2024-12-27), creating ambiguity about the actual baseline construction.
- Leakage justification is contradictory: the verification report records it as 'not addressed' while the monitoring report states 'deemed negligible,' with a 0% deduction in both cases.
- Two corrective action requests (IRR calculation inconsistency with the FSR; monitoring plan non-conformance with ACM0002) were raised in the verification report.
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2017 | 529,532 | 503,090 | 26,442 | |
| 2018 | 844,399 | 844,399 | 0 | |
| 2019 | 809,686 | 267,907 | 541,779 | |
| 2020 | 756,932 | 484,215 | 272,717 | |
| 2021 | 581,127 | 338,028 | 243,099 | |
| 2022 | 96,700 | 48,956 | 47,744 | |
| 2024 | 90,000 | 26,926 | 63,074 | |
| Total | 3,708,376 | 2,513,521 | 1,194,855 |
Risk Indicators
VVB-verified investment test
Avoidance project; non-permanence N/A
0% deduction; justification contradictory
Method contradiction; likely jurisdictional
FPIC, grievance mechanism, safeguards documented
CORSIA/CCP status unconfirmed in data
Where to buy
Marketplaces
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