Sogamoso Hydroelectric Project

Audit Analysis

The Sogamoso Hydroelectric Project is a small-scale renewable energy avoidance project with a verified investment additionality test and jurisdictional baseline, but its credibility is significantly undermined by eleven material findings (including missing financial additionality evidence and PDD–monitoring report inconsistencies), six cross-document contradictions, and a low extraction confidence rating. The project delivered only about 64% of its pro-rata ex-ante expectation for the first monitoring year, which is conservative, but the 0% leakage deduction rests on a contradictory justification within the same verification report.

Project Description

Red Flags

• ⚠Eleven material findings in the verification report, including omission of financial additionality assessment and baseline scenario justification, and inconsistencies between PDD and monitoring report measurement methods
• ⚠Internal contradiction within the verification report: leakage justification stated as both 'quantified' and 'deemed negligible' in the same document
• ⚠Baseline method contradicted across documents: verification report (2025) says jurisdictional, validation report (2024) says project-specific
• ⚠Grid emission factor differs between the PDD (0.223) and the verification report (0.1843, 2023), with no documented reconciliation
• ⚠Low extraction confidence across the document set, with one document of unknown type, reducing reliability of the extracted record

Credit Vintages