Panasolar Photovoltaic Project
GS-1340 ↗ · current registry ID: GS3556
#390of 1935 in Renewable energy#2of 11 in Panama#167of 1801 in Gold Standard (GS)#138of 806 in AMS-I.D
Audit Analysis
The Panasolar PV project in Panama is a grid-connected solar installation with a well-verified additionality assessment and inherently low permanence risk, but its credit claims are undermined by six inter-document contradictions, unresolved calibration gaps, and the absence of a buffer pool. The project delivered only about 64% of its pro-rata ex-ante expectation for the elapsed monitoring period, which is conservative but signals that original estimates were optimistic. CORSIA eligibility introduces dual-channel risk, and several corrective actions remain outstanding.
Red Flags
- Six contradictions across documents, including a 72% discrepancy in the lifetime ex-ante ERR (72,254 vs 42,051 tCO2) between two monitoring reports dated weeks apart
- Missing calibration certificates for three periods spanning 2020–2023, with maximum permissible error applied as a conservative substitute
- CORSIA eligibility confirmed while CCP status is not stated, creating potential dual-channel crediting risk
- Baseline method described as 'jurisdictional' in the verification report but 'project' in the validation report, creating ambiguity about the baseline's robustness
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2019 | 1,180 | 0 | 1,180 | |
| 2020 | 6,852 | 0 | 6,852 | |
| 2021 | 6,352 | 0 | 6,352 | |
| 2022 | 5,910 | 0 | 5,910 | |
| 2023 | 6,306 | 0 | 6,306 | |
| Total | 26,600 | 0 | 26,600 |
Risk Indicators
Combined test, VVB-verified
mixed evidence / unresolved risk
0% deduction, deemed negligible — reasonable for grid-connected solar
Jurisdictional grid EF used, but method label contradicts validation report; no reassessment date stated
FPIC conducted, grievance mechanism present, benefit sharing described
CORSIA-eligible; CCP status not stated — dual-channel risk unexcluded
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