PARQUE EÓLICO WESP 01

Audit Analysis

PARQUE EÓLICO WESP 01 is a Colombian wind energy project with a solid combined additionality test verified by KBS and a jurisdictional baseline reassessed in 2024. However, the verification report identified 11 material findings including a calculation error in the emissions reduction spreadsheet and multiple inconsistencies in the investment analysis and PDD, which undermine confidence in the credit calculation. The project delivered approximately 89% of its pro-rata annual expectation, which is within normal wind variability, but the documentation quality issues and inter-document contradictions warrant caution.

Project Description

Red Flags

• ⚠Calculation error in the emissions reduction spreadsheet regarding grid consumption (CAR 02) directly affects the integrity of the verified credit figure
• ⚠Eleven material findings and eleven corrective actions required in the verification report indicate systemic documentation quality issues
• ⚠Contradiction in baseline method between the validation report (project-specific) and the verification report (jurisdictional) creates uncertainty about the actual baseline basis
• ⚠Outdated benchmark value in the investment analysis (SAC 2) raises questions about whether additionality was assessed against current economic conditions

Credit Vintages