Thai Hoa Wind Power Project
GS-3272 ↗ · current registry ID: GS11251
#117of 1935 in Renewable energy#9of 80 in Vietnam#40of 1801 in Gold Standard (GS)#84of 1287 in ACM0002
Audit Analysis
The Thai Hoa Wind Power Project is a Gold Standard wind avoidance project with VVB-confirmed additionality and a reasonable pro-rata delivery of 130% of the expected annual credit volume. However, the verification report leaves leakage justification unaddressed, the baseline method is described as project-specific rather than jurisdictional, and five corrective action requests (all closed) signal moderate documentation friction during verification. Overall a mid-range project with no critical red flags but several documentation gaps that limit confidence.
Red Flags
- Verification report (2024-01-03) records leakage justification as 'not addressed' while the monitoring report (2023-12-28) states it was 'deemed negligible' — the higher-priority verification report does not confirm the justification
- Five Corrective Action Requests (CAR-01 through CAR-05) were raised during verification, indicating recurring documentation or methodology issues, though all were closed satisfactorily
- FPIC was not conducted (explicitly recorded as false), which is a gap for a community-adjacent wind project in Vietnam
- Baseline method is contradictory: the verification report classifies it as 'project' while the monitoring report calls it 'jurisdictional' — the more robust interpretation is not confirmed by the higher-priority document
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2021 | 28,760 | 0 | 28,760 | |
| 2022 | 157,975 | 89,978 | 67,997 | |
| 2023 | 91,324 | 88,033 | 3,291 | |
| Total | 278,059 | 178,011 | 100,048 |
Risk Indicators
VVB-confirmed investment test
Wind avoidance — no reversal risk
0% deduction, justification unconfirmed in verification report
Project-specific per VVB; grid EF 2020; method contradicts monitoring report
Grievance mechanism and benefit sharing present; FPIC not conducted
CORSIA and CCP status not stated in available documents
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