CTI was contracted by Prestige Investment Management (Shanghai) Co. Ltd. for verification of the project activity.The verification was performed based on rules and requirements defined by GCC program for the project activity;

This project belongs to the solar power grid-connected power generation project, and realizes the emission reduction of greenhouse gases by replacing the same amount of electricity generated by the North China Power Grid dominated by fossil energy. After review, the verification team confirmed that the project has not been registered in other GHG/non GHG program except for the application to become GCC. The start date of the project is 20/11/2016, which belongs to the project category A2;

This project has correctly adopted the methodology ACM0002,”Grid-connected electricity generation from renewable sources”, V21.0;

The objectives of this project verification is to verify that the GCC project meets the 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 v2.1, GCC verification standard v3.1, GCC Environment & Social safeguards standard v2.0, ISO 14064-2 & ISO 14064-3, applicable approved CDM Methodology for -Grid Connected Renewable Energy Generation Projects ACM0002 v21.0, Applicable Legal requirements/rules of host country, National Sustainable Development Criteria and CORSIA requirements and other GCC requirements related to aspects such as project design, applicable conditions, project boundary, baseline scenarios, additionality, emission reduction, monitoring plan, local stakeholder consultation, global stakeholder consultation, GHG emission reductions (ACCs), environmental no-net harm label (E+), social no net harm label (S+), silver SDG label (SDG+), CORSIA+.This report summarizes the final project verification opinion which is based on Project Submission Form v4.0;

The project is operational since 18/05/2017.The estimated average annual net electricity generation and average annual emission reductions of the proposed project are 30,812MWh and 25,478 tCO₂e, respectively during fixed 10 years crediting period. The total GHG emissions reductions in the chosen fixed 10 years crediting period amount to 254,780 tCO₂e;

The project 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+ );

The project 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+).