100.5 MW Wind Power Project in Madhya Pradesh, India

Audit Analysis

A 100.5 MW wind project in Madhya Pradesh with VVB-confirmed investment additionality and low inherent reversal risk, but undermined by multiple unresolved corrective actions, a significant discrepancy between the ex-ante and verified emission reduction figures (212% of pro-rata expectation), a project-specific baseline, and no stated buffer pool. The project's safeguards framework (FPIC, grievance mechanism) is present, and CORSIA ineligibility is confirmed, but the volume of open findings and internal contradictions in key parameters erode confidence in the robustness of the credit claims.

Project Description

Red Flags

• ⚠Verified ERR of 356,627 tCO2e is approximately 212% of the PDD ex-ante estimate of 167,934 tCO2e for the comparable period, raising questions about the accuracy of either the baseline calculation or the monitoring data
• ⚠Multiple corrective actions (CAR #1 through #7) and a compliance log item (CL 01) remain open or inconsistently closed across verification reports, including unresolved issues with SD parameter reporting, methodology version consistency, and ER sheet alignment
• ⚠Crediting period start date is contradictory: the 2024 verification report states 2015-01-01 while the 2023 monitoring report states 2022-01-01, a seven-year discrepancy that affects the pro-rata baseline calculation
• ⚠Baseline method is contradictory: the 2024 verification report describes a project-specific baseline while the 2023 monitoring report references a jurisdictional baseline

Credit Vintages