150 MW Solar Project in Karnataka by Avaada Solar
#26of 770 in Renewable energy#13of 387 in India#37of 629 in Verra (VCS)#22of 383 in ACM0002
Audit Analysis
A standard 150 MW solar project under VCS ACM0002 with VVB-confirmed additionality and a grid-emission-factor baseline. The project shows no material findings and reasonable leakage treatment, but several documentation inconsistencies across monitoring and verification reports (FPIC, grievance mechanism, baseline method, leakage justification) reduce confidence in the record's internal consistency. Overall a competent but unremarkable renewable energy credit with minor data-quality gaps.
Red Flags
- Leakage justification was 'not addressed' in the 2022 verification report and only later upgraded to 'deemed negligible' in the 2024 monitoring report, indicating an initial documentation gap
- Baseline method is labelled 'project' in the 2019 verification report but 'jurisdictional' in the 2024 monitoring report, creating ambiguity about the baseline's nature
- Eight corrective actions were issued by the VVB, including a request to revise the crediting period and correct SDG reporting, suggesting the monitoring report was not fully compliant at submission
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2018 | 83,319 | 23,643 | 59,676 | |
| 2019 | 157,723 | 72,471 | 85,252 | |
| 2020 | 303,724 | 218,340 | 85,384 | |
| 2021 | 209,081 | 77,650 | 131,431 | |
| Total | 753,847 | 392,104 | 361,743 |
Risk Indicators
VVB-confirmed investment test
Solar energy – no inherent reversal risk
0% deduction; justification initially absent, later 'deemed
Grid-EF based; method label inconsistent across documents
FPIC and grievance confirmed 2024; benefit sharing not descr
CORSIA excluded; CCP status not stated
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