50 MW Solar Power Project by Mytrah Energy India Private Limited

Audit Analysis

A 50 MW solar PV project in India under Gold Standard with a well-established methodology (ACM0002 v20.0) and VVB-confirmed additionality via a combined test. The jurisdictional baseline and smart-meter monitoring are solid, but five open corrective actions, a contradiction in the leakage treatment between verification reports, and an unverified usage rate introduce moderate risk. Overall a mid-range project with sound design but documentation and verification gaps that warrant caution.

Project Description

Red Flags

• ⚠Five corrective action requests remain open, including missing supporting evidence for SDGs, commissioning date, technical specs, PPA, joint meter readings, and GS approval for a deviation in import value calculation.
• ⚠Contradiction in leakage treatment: the 2021 verification report describes leakage as 'quantified' while the 2023 verification report states it is 'deemed negligible' with a 0% deduction — the shift in approach is unexplained.
• ⚠Crediting period dates conflict between the 2021 verification report (2019-09-07 to 2024-09-06) and the 2023 monitoring report (2018-11-28 to 2023-11-27); the monitoring report error was itself flagged in CAR 02.
• ⚠Usage rate of 24 is assumed in the PDD but no verified usage rate is reported in the monitoring or verification documents.

Credit Vintages