50.6 MW Wind Power Project at Umrali, Gujarat by Powerica Limited

Audit Analysis

A 50.6 MW wind project in Gujarat with VVB-confirmed combined additionality and a recently reassessed baseline, but significant documentation inconsistencies across nine fields, an unaddressed permanence/buffer-pool gap, and CORSIA eligibility creating dual-channel risk. Actual verified reductions came in 6.8% below the ex-ante estimate, indicating conservative crediting. Open corrective actions and contradictory FPIC/benefit-sharing records between the verification and validation reports warrant caution.

Project Description

Red Flags

• ⚠Nine contradictions between documents, including FPIC (conducted vs. not conducted), baseline method (project vs. jurisdictional), and leakage justification (not addressed vs. deemed negligible)
• ⚠No buffer pool percentage stated and reversal events explicitly 'not addressed' in the verification report, leaving permanence risk unquantified
• ⚠Open corrective actions (one CL, one CAR, one Point) remain unresolved at the time of the verification report
• ⚠CORSIA eligibility confirmed while CCP status is not stated, creating potential dual-channel crediting risk

Credit Vintages