Wind Power Project At Sea – No.5 Wind Power Plant Thanh Hai 1-4
GS-2755 ↗ · current registry ID: GS10798
#1050of 1935 in Renewable energy#49of 80 in Vietnam#753of 1801 in Gold Standard (GS)#830of 1287 in ACM0002
Audit Analysis
A Gold Standard offshore wind project in Vietnam with VVB-confirmed additionality and a conservative ERR delivery (approximately 23% of the pro-rata expectation for the elapsed monitoring period). However, multiple contradictions across documents—particularly on baseline method, leakage justification, and the ex-ante lifetime ERR—undermine confidence in the data integrity. The project lacks a stated buffer pool, verified ERR figure, and FNRB value, leaving several key quality indicators unaddressed.
Red Flags
- Baseline method is contradictory: the verification report (2026-01-12) states a project-specific baseline while the monitoring report (2025-12-15) describes a jurisdictional baseline, creating ambiguity about which grid emission factor basis was actually applied.
- Leakage justification is inconsistent: the verification report records it as 'not addressed' while the monitoring report states it was 'deemed negligible,' and no quantitative deduction or explicit justification appears in the verification report.
- The ex-ante lifetime ERR differs by over 370,000 tCO2 between the PDD (1,161,469) and the monitoring report (1,537,698), with no documented explanation for the revision.
- Three Corrective Action Requests (CAR-01, CAR-02, CAR-03) were raised during verification, indicating material data or reporting deficiencies that required remediation.
- The verified ERR figure is not stated in the extracted record, preventing independent confirmation of the claimed 143,979 tCO2.
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2021 | 11,407 | 11,407 | 0 | |
| 2022 | 64,128 | 50,979 | 13,149 | |
| 2023 | 79,062 | 0 | 79,062 | |
| 2024 | 60,147 | 0 | 60,147 | |
| 2025 | 4,770 | 0 | 4,770 | |
| Total | 219,514 | 62,386 | 157,128 |
Risk Indicators
VVB-confirmed common-practice test
Wind avoidance – no reversal risk
0% deduction, justification inconsistent across docs
Method contradictory (project vs jurisdictional)
FPIC, grievance mechanism, benefit sharing documented
CORSIA and CCP status not stated
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