VTRM RENEWABLE ENERGY 2 - CORSIA Eligible

Audit Analysis

A Brazilian solar renewable energy avoidance project (VCS-1903) with a jurisdictional baseline and combined additionality test, verified by RINA. The project delivered approximately 64% of its pro-rata ex-ante expectation for the 2024 monitoring period, indicating conservative crediting. However, FPIC was not conducted per the most recent verification report, multiple data-quality corrective actions were required, and the low extraction confidence across 31 documents limits assurance on several key parameters.

Project Description

Red Flags

• ⚠FPIC was not conducted per the November 2025 verification report, contradicting the earlier (January 2024) verification report which stated it was conducted — a material safeguards gap for a project operating in Brazil.
• ⚠Six corrective actions were required during verification, including mismatches between the monitoring report and CCEE electricity reports, incorrect geographical coordinates, and incomplete risk-identification sections — indicating recurring data-quality weaknesses in the MRV process.
• ⚠The project name explicitly states 'CORSIA Eligible' yet the CORSIA eligibility status is not confirmed in any extracted document, creating ambiguity about dual-channel (CORSIA + VCS) credit use.
• ⚠Low extraction confidence across the document set means several critical fields (FNRB method, usage monitoring method, buffer pool percentage, permanence claim) could not be reliably verified.

Credit Vintages