10 MW wind power project by Powerica at BDS - Gujarat
#806of 1935 in Renewable energy#403of 975 in India#505of 1339 in Verra (VCS)#272of 806 in AMS-I.D
Audit Analysis
A 10 MW wind power project in Gujarat with a sound investment-test additionality assessment confirmed by a well-known VVB and a jurisdictional baseline. However, the verification report contains 16 material findings and 16 corrective actions, including a misleading reference to CDM overlap, missing calibration certificates, and a contradiction in how leakage was treated across monitoring periods, which collectively undermine confidence in the robustness of the verification process.
Red Flags
- The 2023 verification report contains a 'misleading statement regarding CDM overlap' (Section 3.1), raising a potential double-counting concern that was not fully resolved
- Leakage treatment is inconsistent across documents: the 2021 monitoring report describes leakage as 'quantified' while the 2023 verification report states it is 'deemed negligible' with a 0% deduction
- 16 material findings and 16 corrective actions were identified in the 2023 verification report, including missing calibration certificates, missing grievance register, and missing supporting evidence for no-double-counting
- The 2023 verification report contains multiple administrative errors: incorrect project name, incorrect references, wrong verification number, and inconsistent calibration frequency
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2017 | 26,434 | 26,434 | 0 | |
| 2018 | 30,334 | 29,440 | 894 | |
| 2019 | 30,642 | 30,642 | 0 | |
| 2020 | 27,747 | 2,059 | 25,688 | |
| 2021 | 28,757 | 15,001 | 13,756 | |
| 2022 | 27,140 | 0 | 27,140 | |
| Total | 171,054 | 103,576 | 67,478 |
Risk Indicators
VVB-confirmed investment test; IRR within benchmark even at higher PLF
Renewable energy; no reversal risk; explicitly not applicable
0% deduction deemed negligible; contradicts earlier 'quantified' treatment in 2021 MR
Jurisdictional baseline; last reassessment date not stated in available documents
Grievance mechanism and benefit sharing present; FPIC not stated; grievance register missing
CORSIA and CCP status not stated; CDM overlap referenced as misleading in 2023 VR
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