Carbon Check (India) Private Limited (CCIPL) has been contracted by Lien Lap Wind Power Joint Stock Company under contract no. CCIPL1743/GCC/VAL/MWPPV/20230201, dated 22/02/2023 /38// to undertake the independent project verification of the GCC project activity titled “144 MW Wind Power Project in Vietnam” (hereafter the project). 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 v3.1, GCC verification standard v3.1, GCC Environment & Social safeguards standard v3.0, ISO 14064-2 & ISO 14064-3, applicable approved CDM Methodology ACM0002: Grid-connected electricity generation from renewable sources, version 21.0, 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(C+). This report summarizes the final project verification opinion which is based on final PSF /2/.

The GCC project activity involved the construction and operation of Greenfield of two (02) 46.2 MW wind power plants in Vietnam. The expected net annual electricity generation of the project activity is approximately 426,278 MWh/year. The electricity thus generated will be sold to the Vietnam National Grid. In the absence of the project activity, the equivalent amount of electricity would be supplied from GHG intensive national grid. The emission reduction will be based on the amount of baseline electricity avoided due to the project and is calculated using the applied CDM Methodology for “Grid-connected electricity generation from renewable sources” ACM0002 v21.0.

The project verification team has verified that the information submitted by the project owner is correct and that the emission reduction achieved has been determined correctly. Based on the information seen and evaluated, the project verification team has requested for registration of the GCC by confirming the following:

Project title:

144 MW Wind Power Project in Vietnam (project submission reference no: S00847)

Sector and Methodology used

Sectoral Scope 1: Energy Industries (renewable/non-renewable sources)

Approved CDM Methodology for “Grid-connected electricity generation from renewable sources” ACM0002 v21.0

The Project Owner has correctly described the Project Activity in the Project Submission Form (version 07, dated 19/01/2024) including the applicability of the approved CDM methodology ACM0002, v21.0 and meets the methodology applicability conditions 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 reductions estimates correctly and conservatively.

Estimated Emissions reductions

The Project Activity is likely to generate GHG emission reductions amounting to the estimated 350,827 tCO₂e per year, as indicated in the PSF, 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.

Voluntary labels

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 is likely to achieve the Environmental No-net-harm Label (E+) and Social No-net-harm Label (S+).

The Project Activity is likely to contribute to the achievement of United Nations Sustainable Development Goals (SDGs), complies with the Project Sustainability Standard, and contributes to achieving a total of 3 SDGs, with the Silver SDG certification label (SDG+).

CORSIA

The Project Activity complies with all the applicable requirements of the GCC Program and ICAO‘s requirements on CORSIA Emissions Unit Eligibility Criteria and CORSIA Eligible Emissions Units, as per Clarification No 1., v1.3 paragraph 23-25, and the ACCs expected to be issued during the crediting period is likely to be CORSIA eligible and can be used by International Airlines for offsetting their emissions during all phases of CORSIA and therefore requests GCC Steering Committee to append CORSIA Certification label (C+) to this project.