THEPARAK WIND IN THAILAND

Audit Analysis

Theparak Wind is a VCS wind-energy avoidance project with a jurisdictional baseline and VVB-confirmed combined additionality test, but the verification report surfaced nine material findings (recurring meter-calibration gaps, rounding errors, and a missing double-counting declaration) that were all closed with conservative corrections. The project delivered roughly 96% of the pro-rata ex-ante expectation for the 10-month monitoring period, which is within normal wind variability. Several key fields (buffer pool, FPIC, CORSIA/CCP status, FNRB method) are not stated in the available documents, limiting full assessment.

Project Description

Red Flags

• ⚠Recurring meter-calibration gaps identified in 2020, 2021, and 2023 (three separate periods), suggesting a systemic MRV maintenance weakness rather than a one-off event.
• ⚠The project initially failed to submit the required declaration confirming no double counting of GHG credits under other programs (CAR 01), raising a residual double-claiming risk until the declaration was provided.
• ⚠Four contradictions across documents (ERR figures, additionality test type, ex-ante lifetime ERR) indicate inconsistent record-keeping between the PDD, validation report, and monitoring/verification reports.

Credit Vintages