Section F.        Project Verification opinion

Re Carbon Gözetim Denetim ve Belgelendirme Ltd. Şti. performed the project verification of the “Zhenfa 100MW Solar Power Project” in “Pakistan” between 04/04/2023 and 21/09/2023. The project verification was performed on the basis of UNFCCC criteria for the Clean Development Mechanism (CDM), requirements of GCC project framework v2.1, GCC program manual v3.1, GCC program processes v4.0, GCC project standard v3.1, GCC project sustainability standard v03.1, GCC project verification standard v3.1, GCC Environment & Social safeguards standard v3.0, GCC Program definitions v3.1, ISO 14064-2 & ISO 14064-3, and applicable approved CDM Methodology “ACM0002: Grid-connected electricity generation from renewable sources, Version 20.0”, Host Party Criteria.

The project verification was performed by a validation team consisting of “Öykü Yakupoğlu as the GCC Project Auditors’ Team Leader, İrem Taşkıran as the GCC Project Auditor Trainee, Dr. Seza Danışoğlu as the Financial Expert, Abid Ali as the Regional Expert and Fikriye Seda Atabek as the ITR” and the project activity was checked against the applicable rules and requirements of GCC which are indicated in the above paragraph. In summary, Re Carbon Gözetim Denetim ve Belgelendirme Ltd. Şti.  applied the following verification process and methodology using a competent verification team

• the desk review of documents and evidences submitted by the project owner in context of the reference GCC rules and guidelines issued.
• undertaking/conducting on-site audit, interviews or interactions with the representative of the project owner,
• reporting audit findings with respect to clarifications and non-conformities and the closure of the findings, as appropriate.
• preparing a draft project verification opinion based on the audit findings and conclusions.
• technical review of the draft verification opinion along with other documents as appropriate by an independent competent technical review team.
• finalization of the project verification opinion (this report).   

Re Carbon Gözetim Denetim ve Belgelendirme Ltd. Şti. hereby confirm that the proposed project activity “Zhenfa 100MW Solar Power Project” in Pakistan, applied all relevant GCC-guidance as the selected baseline and monitoring methodology and the associated methodological tools have been applied correctly. The total emission reductions from the project are estimated to be on the average of 105,915 tCO2e per annum over the selected 10 year crediting period. The emission reduction forecast was checked and it is deemed likely that the stated amount will be achieved, given that the underlying assumptions do not change.

Re Carbon Gözetim Denetim ve Belgelendirme Ltd. Şti. has informed the project owner of the verification outcome through draft project verification report and final project verification report. The final project verification report contains the information with regard to fulfilment of the requirements for verification, as appropriate.

As a result, the project verification team assigned by Re Carbon Gözetim Denetim ve Belgelendirme Ltd. Şti. has verified and hereby certifies that the proposed GCC Project Activity “Zhenfa 100MW Solar Power Project” in Pakistan

• has correctly described the Project Activity in the Project Submission Form (version 2.1, dated 26/03/2025) /68/ including the applicability of the approved methodology ACM0002 Version 20.0 and meets the methodology applicability conditions, is additional and is expected to achieve the forecasted real and additional GHG emission reductions, complies with the monitoring methodology, has appropriately conducted local and global stakeholder consultation processes and has calculated emission reduction estimates correctly and conservatively
• meets all relevant Host Country criteria;
• meets all relevant requirements of the UNFCCC criteria for the Clean Development Mechanism (CDM), requirements of GCC project framework v2.1, GCC program manual v3.1, GCC program processes v4.0, GCC project standard v3.1, GCC project sustainability standard v3.1, GCC project verification standard v3.1, GCC Environment & Social safeguards standard v03.0, GCC Program definitions v3.1, ISO 14064-2 & ISO 14064-3,
• its additionality is sufficiently justified in the PSF /68/;
• is likely to generate GHG emission reductions amounting to the estimated 1,059,159 tCO2e over the crediting period of 10 years as indicated in the PSF /61/, which are additional to the reductions that are likely to occur in absence of the Project Activity and complies with all applicable GCC rules, including ISO 14064-2 and ISO 14064-3, and therefore requests the GCC Program to register the Project Activity;
• is not likely to cause any net-harm to the environment and/or society and complies with the Environmental and Social Safeguards Standard, and therefore requests the GCC Program to register the Project Activity, which is likely to achieve the requirements of the Environmental No-net-harm Label (E+) and the Social No-net-harm Label (S+); and
• is likely to contribute to the achievement of United Nations Sustainable Development Goals (SDGs), comply with the Project Sustainability Standard, and contribute to achieving a total of 3 SDGs, which is likely to achieve the Silver SDG certification label (SDG+)
• the project is not eligible for CORSIA, based on the latest ICAO Council decision regarding “CORSIA Eligible Emissions Units from the GCC Program for the First Phase (2024–2026 compliance period).” According to the decision, only ACCs issued to activities involving grid-connected renewable electricity generation or supply are considered eligible—provided that the estimated maximum output capacity is less than 15 megawatts at the time of registration, whether individually or as part of a group.

Therefore, Re Carbon Gözetim Denetim ve Belgelendirme Ltd. Şti. requests the registration of the proposed project activity as a GCC project activity.