21 MW Wind Energy Project by Shree Cement Limited

Audit Analysis

A 21 MW onshore wind project in India with VVB-confirmed additionality and a standardised grid-emission-factor baseline, but undermined by nine cross-document contradictions, eight material findings, and a corrective action questioning the validity of the baseline for the second crediting period. The verified ERR (45,880 tCO₂) is roughly half of what the monitoring report claimed (100,767 tCO₂) for the 2.25-year monitoring window, raising over-claiming concerns. FPIC was not conducted per the most recent verification report, and leakage treatment is inconsistent across documents.

Project Description

Red Flags

• ⚠Corrective action raised by the VVB: the validity of the baseline and its data/parameters is not demonstrated in the PDD for the second crediting period (verification report, 2024-03-12).
• ⚠The monitoring report claims 100,767 tCO₂ for the 2023-03-28 to 2025-06-30 period, but the VVB verified only 45,880 tCO₂ — a 54% gap that suggests the project delivered far less than claimed.
• ⚠Nine contradictions across documents, including conflicting baseline methods (project-specific vs jurisdictional), conflicting additionality tests (investment vs combined), and conflicting FPIC status (conducted in 2020 VR vs not conducted in 2024 VR).
• ⚠FPIC was not conducted per the 2024 verification report, and benefit-sharing is not described in the same document, despite a grievance mechanism being in place.
• ⚠Leakage justification is inconsistent: the verification report states it was not addressed, while the monitoring report deems it negligible, with a 0% deduction applied.

Credit Vintages