50MW Greenfield Solar Plant in UP by Jakson Group

Audit Analysis

A 50 MW greenfield solar project in Uttar Pradesh with a VVB-confirmed investment additionality test and a jurisdictional baseline, verified by Applus+ Certification. The project is a straightforward avoidance-type renewable energy credit with no inherent reversal risk, but the 0% leakage deduction lacks a robust justification and three corrective action requests were raised during verification. Multiple inter-document contradictions (largely attributable to different reporting periods) reduce confidence in data consistency.

Project Description

Red Flags

• ⚠Leakage deduction of 0% is justified only as 'deemed negligible' (monitoring report) or 'not addressed' (verification report) — no quantitative analysis or explicit methodology reference supports the zero deduction.
• ⚠Three corrective action requests (CARs) were issued during verification, including a calculation error in crediting period duration and a deviation in PV module configuration from the PDD.
• ⚠FPIC status is contradictory: the 2024 verification report confirms FPIC was conducted, while the 2024 monitoring report states it was not — a material safeguard discrepancy.
• ⚠Grid emission factor of 0.9368 tCO2/MWh is from 2018; no evidence of an updated or more recent jurisdictional factor was found in the extracted record.

Credit Vintages