180 MW Renewable Energy Project by Greenko Group

Audit Analysis

A 180 MW solar thermal electricity project in India with VVB-confirmed additionality and a recent baseline reassessment, but undermined by seven inter-document contradictions, missing generation data for several months, inconsistent ER values flagged in corrective actions, and a 0% leakage deduction whose justification is contradictory across documents. The project type carries inherently low permanence risk, yet the data-quality issues and CORSIA eligibility create moderate over-crediting and dual-channel concerns.

Project Description

Red Flags

• ⚠Seven contradictions between documents, including a 3.5× discrepancy in claimed ER (1,658,745 in the appendix vs 465,575 in the monitoring report) and conflicting baseline method descriptions (project-specific vs jurisdictional)
• ⚠Six corrective actions remain, including missing generation data for seven months (Apr–May 2020, Sep–Nov 2021, Jan–Mar 2021) and inconsistent ER values between the monitoring report and the ER sheet
• ⚠Leakage deduction of 0% with justification described as 'not addressed' in the verification report while the monitoring report calls it 'deemed negligible' — no quantified assessment found
• ⚠CORSIA eligibility is confirmed while CCP status is not stated, creating potential dual-channel use risk

Credit Vintages