According to Renewable Energy Activity Requirements, version 1.2, paragraph 2.1.3; Grid-connected Renewable Energy projects, unless located in a Least Developed Country (LDC), Small Island Developing State (SIDS), or a Land-Locked Developing Country (LLDC), shall be deemed ineligible for the issuance of Gold Standard Verified Emission Reductions (GS-VERs) or Gold Standard labels for Certified Emission Reductions (GS-CERs);
(a) If a Renewable Energy project is connected to national or a regional grid and located in an Upper Middle- and High-Income Country;
OR
(b) If a project is located in a country where the penetration level of the proposed Renewable Energy Technology type is greater than 5% of the total grid installed capacity, at the time of the first submission (preliminary review) to Gold Standard.
Refer to the latest country classification by income available here.
Renewable energy projects must also follow requirements outlined in Principles and Requirements.