250 MW Solar PV Plant at Bhainsada, Rajasthan

Audit Analysis

The 250 MW Bhainsada solar PV project has sound structural fundamentals — VVB-verified additionality, a jurisdictional baseline, and appropriate leakage treatment for a grid-displacement project — but is significantly undermined by 19 material findings, 14 corrective actions, and multiple cross-document contradictions that raise questions about the reliability of the monitoring and reporting process. The project delivered 5.74% below its ex-ante estimate for the monitoring period, which is within normal variance and suggests no over-crediting, but the documentation quality and data gaps (FNRB, usage rates, CORSIA/CCP status) limit confidence in the overall claim.

Project Description

Red Flags

• ⚠19 material findings and 14 corrective actions identified in the 2024 verification report, including inconsistent ER values, missing calibration certificates, and a wrongly calculated value in Section E.1 of the monitoring report
• ⚠Credit type is listed as 'Solar Thermal – Electricity' in the registry record while the project is a Solar PV plant, flagged as CAR 03 in the verification report
• ⚠min_extraction_confidence is rated 'low', indicating at least one key document was poorly readable, reducing confidence in the extracted data
• ⚠FNRB value, usage rate (assumed and verified), and CORSIA/CCP eligibility are all not stated in any available document

Credit Vintages