4.2 MW renewable energy based power generation project in Andhra Pradesh by Hi- Tech
#76of 770 in Renewable energy#42of 387 in India#96of 629 in Verra (VCS)#25of 417 in AMS-I.D
Audit Analysis
A 4.2 MW renewable energy project in Andhra Pradesh with VVB-confirmed additionality and a conservative verified-to-claimed ERR ratio (87% of pro-rata expectation), but weakened by a project-specific baseline, an unaddressed 0% leakage deduction, meter calibration delays, and multiple documentation inconsistencies across reports. The project is inherently low-risk on permanence as an avoidance-type renewable generation project, and CORSIA ineligibility reduces double-claim exposure.
Red Flags
- Leakage deduction of 0% with justification recorded as 'not addressed' in the 2023 verification report, while the monitoring report claims it was 'deemed negligible' — the authoritative verification report does not confirm a proper leakage assessment
- Four corrective actions required by the VVB, including inconsistent monitoring period dates within the MR and missing calibration reports for monitoring equipment
- Meter calibration was delayed from March 2021 to July 2021, requiring a conservative error factor to be applied
- FPIC status is contradictory: the 2017 monitoring report states it was conducted, but the 2021 verification report records it as not conducted
- Baseline method is contradictory: the 2023 verification report classifies it as 'project' while the 2023 monitoring report states 'jurisdictional'
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2014 | 6,064 | 5,764 | 300 | |
| 2015 | 10,063 | 10,063 | 0 | |
| 2016 | 7,653 | 7,653 | 0 | |
| 2017 | 6,059 | 6,059 | 0 | |
| 2018 | 7,275 | 6,940 | 335 | |
| 2019 | 6,785 | 6,785 | 0 | |
| 2020 | 4,580 | 2,460 | 2,120 | |
| 2021 | 819 | 0 | 819 | |
| Total | 49,298 | 45,724 | 3,574 |
Risk Indicators
VVB-confirmed investment test
Avoidance project, no reversal risk
0% deduction, justification not addressed in VR
Project-specific, reassessment date not stated
Grievance present, FPIC contradictory
CORSIA not eligible, CCP not stated
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