Spouts-4 by Believegreen LLC

Audit Analysis

Spouts-4 is a Gold Standard energy-efficiency project in Uganda with VVB-confirmed additionality and a conservative verified usage rate, but it is undermined by a project-specific baseline with no recorded reassessment, a VVB that appears to be an individual rather than an independent body, and six data contradictions across documents. The project delivered roughly 73% of its pro-rata lifetime expectation for the elapsed monitoring period, which is conservative, yet the absence of a verified ERR figure and unknown CCP/CORSIA status leave material gaps in claim safety.

Project Description

Red Flags

• ⚠The VVB is listed as an individual name (Solomon Atepo) rather than an independent verification body, raising independence concerns.
• ⚠Six contradictions exist across documents, including the additionality test type (barrier in the validation report vs. common practice in the PDD) and the claimed ERR (19,065 in the monitoring report vs. 9,990 in the validation report).
• ⚠The monitoring report document content is described as largely corrupted or binary data, limiting confidence in extracted figures.
• ⚠Leakage is described as quantified but the actual deduction percentage is not stated in any available document.
• ⚠CCP status and CORSIA eligibility are both unknown, leaving dual-channel risk unassessed.

Credit Vintages Exhausted