5.5 MW Bundled Wind Power Project by WMI Cranes Ltd

Audit Analysis

A 5.5 MW bundled wind power project in India registered under VCS with a jurisdictional baseline and VVB-confirmed investment additionality test. The project delivered only about 43% of the pro-rata ex-ante expectation for the elapsed monitoring period, raising concerns about baseline optimism. Leakage is set at 0% with a weak justification, and several key MRV parameters (FNRB, usage monitoring, CORSIA/CCP status) are not stated in the available documents.

Project Description

Red Flags

• ⚠Verified emissions reductions (22,312 tCO2) represent only ~43% of the pro-rata ex-ante expectation (~51,700 tCO2) for the 5.8-year monitoring period out of the 10-year crediting period, indicating the PDD estimate of 89,060 tCO2 lifetime was significantly optimistic.
• ⚠Leakage deduction is 0% with the verification report stating the issue was 'not addressed' rather than providing a quantified justification, while the monitoring report merely labels it 'deemed negligible' — an inconsistent and weak treatment.
• ⚠Three corrective actions were required at verification (LoA from Indian DNA, PDD format non-compliance, missing investment analysis documents), indicating documentation gaps at the time of verification.
• ⚠FPIC was not conducted, and the 2010 validation report records no grievance mechanism or safeguards, creating a gap in social safeguards documentation.

Credit Vintages