Srepok 1 Solar Power Project
#527of 1935 in Renewable energy#25of 80 in Vietnam#288of 1339 in Verra (VCS)#401of 1287 in ACM0002
Audit Analysis
The Srepok 1 Solar Power Project is a grid-connected solar avoidance project under VCS with a combined additionality test and a project-specific baseline. The 2025 monitoring period shows a 90% verified-to-claimed delivery ratio, which is reasonable for solar generation variability. However, several data gaps (unconfirmed VVB additionality verification, missing CORSIA/CCP status, low extraction confidence) and multiple formatting-related CARs temper confidence in the overall record.
Red Flags
- Additionality test type is listed as 'combined' but VVB confirmation of the additionality assessment is not stated in the extracted record, leaving the robustness of the additionality claim unverified.
- Baseline method is recorded as 'project-specific' in the 2025 verification report, contradicting an earlier 'jurisdictional' classification in the 2024 verification report; the more recent project-specific baseline is less conservative.
- Minimum extraction confidence is rated 'low', indicating at least one key document was poorly readable, which undermines confidence in the completeness of the extracted data.
- Five Corrective Action Requests were raised during the 2025 verification cycle, all related to monitoring-report formatting and completeness (template version, missing table entries, page numbering), suggesting recurring quality-control weaknesses in the project's MRV submissions.
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2019 | 37,633 | 22,870 | 14,763 | |
| 2020 | 62,287 | 55,657 | 6,630 | |
| 2021 | 56,025 | 56,025 | 0 | |
| 2022 | 57,158 | 57,095 | 63 | |
| 2023 | 36,082 | 26,937 | 9,145 | |
| 2024 | 9,815 | 0 | 9,815 | |
| Total | 259,000 | 218,584 | 40,416 |
Risk Indicators
Combined test present but VVB confirmation not stated
Avoidance project – non-permanence not applicable
0% deduction with quantified justification
Project-specific baseline; reassessment timing not stated
FPIC and grievance mechanism present; benefit sharing not de
CORSIA and CCP status not stated
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