Quang Minh Solar Power Project
#191of 1935 in Renewable energy#13of 80 in Vietnam#79of 1339 in Verra (VCS)#136of 1287 in ACM0002
Audit Analysis
The Quang Minh Solar Power Project is a straightforward renewable energy project with a VVB-confirmed investment additionality test, a jurisdictional baseline, and no permanence risk inherent to solar PV. However, the project record is marred by nine cross-document contradictions—particularly around safeguards, FPIC, and grievance mechanisms—and a series of corrective actions related to monitoring report quality, which collectively weaken confidence in the documentation trail.
Red Flags
- Nine contradictions across documents, including conflicting statements on FPIC, grievance mechanism, and safeguards between two verification reports dated within one week of each other (2025-07-28 vs 2025-08-05)
- Baseline method described as 'jurisdictional' in the 2025 verification report but 'project' in the 2019 validation report, creating ambiguity about the actual baseline approach
- Multiple corrective actions (CARs) raised for monitoring report deficiencies including futuristic language, inconsistent project IDs, missing ex-post vs ex-ante comparison, and calibration frequency discrepancies
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2019 | 61,502 | 61,502 | 0 | |
| 2020 | 64,579 | 55,574 | 9,005 | |
| 2021 | 56,202 | 56,202 | 0 | |
| 2022 | 57,552 | 28,090 | 29,462 | |
| 2023 | 52,051 | 2,051 | 50,000 | |
| 2024 | 50,000 | 0 | 50,000 | |
| Total | 341,886 | 203,419 | 138,467 |
Risk Indicators
VVB-confirmed investment test
Non-AFOLU, no reversal risk
0% deduction, reasonable for solar PV
Jurisdictional per 2025 VR but contradicted by 2019 validation report
No FPIC, no grievance mechanism, no safeguards in latest VR
Not CORSIA-eligible, no other GHG program involvement confirmed
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