140 MW Solar Photovoltaic Project in Rajasthan
#1286of 1935 in Renewable energy#681of 975 in India#897of 1339 in Verra (VCS)#1001of 1287 in ACM0002
Audit Analysis
A 140 MW solar PV project in Rajasthan with VVB-verified additionality and consistent claimed/verified ERR figures, but undermined by a material finding that the registered PDD location did not contain solar modules, a 0% leakage deduction lacking justification in the verification report, and numerous corrective actions indicating significant monitoring-report quality issues. The project is an avoidance-type credit with low inherent reversal risk, but the absence of a stated buffer pool and unresolved contradictions across documents weaken confidence in the overall integrity of the credit.
Red Flags
- Material finding (repeated three times in the verification report): the exact pinpoint location in the registered VCS PDD does not contain any solar modules; the location was subsequently corrected in the MR, but the discrepancy raises questions about the accuracy of the original registration.
- Leakage deduction of 0% with the justification recorded as 'not addressed' in the 2024 verification report, while the 2025 monitoring report states 'deemed negligible' — the VVB's own verification document does not substantiate the zero deduction.
- Fifteen or more corrective actions were raised in the latest verification cycle, including missing calibration certificates, inconsistent ER calculations, missing grievance-mechanism details, and an O&M structure that differed from the registered PDD.
- Ten contradictions were identified across documents, including conflicting baseline methods (project vs. jurisdictional), conflicting additionality test types (investment vs. combined), and conflicting statements on FPIC, grievance mechanism, and safeguards between the 2021 and 2025 verification reports.
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2017 | 75,294 | 75,294 | 0 | |
| 2018 | 292,954 | 292,954 | 0 | |
| 2019 | 281,092 | 281,092 | 0 | |
| 2020 | 293,640 | 21,952 | 271,688 | |
| 2021 | 289,043 | 120,500 | 168,543 | |
| 2022 | 135,000 | 101,000 | 34,000 | |
| Total | 1,367,023 | 892,792 | 474,231 |
Risk Indicators
VVB-confirmed investment test
mixed evidence / unresolved risk
0% deduction; justification 'not addressed' in verification report, 'deemed negligible' only in monitoring report
Project-specific baseline per verification report; contradicted by 'jurisdictional' in monitoring report; no reassessment date stated
FPIC, grievance mechanism, and safeguards all recorded as absent in the latest verification report
CORSIA explicitly not eligible; CCP status not stated in any available document
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