30 MW Solar PV Project by Nirosha Solar Power Private Limited

Audit Analysis

A 30 MW solar PV project in India with VVB-confirmed additionality and consistent verified emissions reductions, but undermined by six corrective action requests (including a deficient grievance mechanism), an unaddressed leakage justification, and a baseline method contradiction between the verification and monitoring reports. The project is a low-risk avoidance technology, yet documentation gaps in FNRB, buffer pool, and CORSIA/CCP status limit confidence in the full credit picture.

Project Description

Red Flags

• ⚠Six corrective action requests (CARs) issued in the 2025 verification, including a grievance mechanism that lacked credibility (no date, sign, or seal) and a check meter that was changed during the monitoring period
• ⚠Leakage deduction of 0% with justification recorded as 'not addressed' in the 2025 verification report, contradicting the 2018 monitoring report's 'deemed negligible' claim
• ⚠Baseline method stated as 'project' in the 2025 verification report but 'jurisdictional' in the November 2025 monitoring report — an unresolved contradiction in a core methodological parameter
• ⚠FNRB value, buffer pool percentage, CORSIA eligibility, and CCP status are all absent from the extracted record, leaving key credit-safety parameters unverified

Credit Vintages