Vinh Hao 6 Solar Power Project
#794of 1935 in Renewable energy#38of 80 in Vietnam#492of 1339 in Verra (VCS)#623of 1287 in ACM0002
Audit Analysis
The Vinh Hao 6 Solar Power Project is a straightforward ACM0002 renewable energy project with a sound jurisdictional baseline and VVB-confirmed additionality, but its integrity is undermined by an unusually high volume of material findings (over 20) covering data mismatches, missing calibration records, and incomplete audit trails. The project delivered approximately 81% of its pro-rata expected reductions for the two-year monitoring period, indicating conservative rather than aggressive crediting. Documentation quality is a persistent weakness, compounded by low extraction confidence across the available record.
Red Flags
- Over 20 material findings across validation and verification reports, including data mismatches between the monitoring report and the ER spreadsheet (CAR04–CAR06), missing calibration details (CL02), and a missing commissioning certificate (CL03)
- Low extraction confidence across the document set, indicating at least one key document was poorly readable or incomplete
- Three corrective actions remain open at the time of the verification report (February 2024): incomplete audit history, unsubmitted revised project description for entity changes, and absence of a clear compliance statement in the verification opinion
- Contradiction in baseline method between the validation report (project-specific) and the verification report (jurisdictional), creating ambiguity about the actual baseline basis
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2019 | 22,491 | 8,500 | 13,991 | |
| 2020 | 52,389 | 22,947 | 29,442 | |
| 2021 | 57,513 | 38,108 | 19,405 | |
| 2022 | 57,936 | 0 | 57,936 | |
| 2023 | 24,300 | 0 | 24,300 | |
| Total | 214,629 | 69,555 | 145,074 |
Risk Indicators
VVB-confirmed investment test
Avoidance project, no reversal risk
Negligible, grid-connected solar
Jurisdictional EF but doc contradiction
FPIC and grievance present, E&S gap noted
CORSIA/CCP status not stated
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