6 MW Wind Power Project in Tamil Nadu by REI Agro Limited

Audit Analysis

A standard 6 MW CDM wind project in Tamil Nadu with a VVB-verified investment-test additionality and a jurisdictional grid baseline. The validation stage surfaced 12 material findings (including an initially invalid benchmark and insufficient sensitivity analysis), all of which were corrected, but the initial PDD quality was notably weak. The first monitoring period delivered roughly 52% of the pro-rata ex-ante expectation, consistent with wind variability but suggesting the lifetime estimate may be somewhat optimistic.

Project Description

Red Flags

• ⚠Twelve material findings (CARs) at validation, including an invalid initial benchmark (CERC) that had to be replaced with WACC, and insufficient investment-analysis sensitivity analysis
• ⚠First monitoring period (Dec 2010 – May 2012) verified reductions of 11,072 tCO₂e represent only ~52% of the pro-rata expectation (~21,464 tCO₂e) derived from the 156,100 tCO₂e lifetime estimate, raising questions about the ex-ante output assumption
• ⚠Grid emission factor appears in two different units across documents (0.0009293 tCO₂/kWh in the PDD vs 0.9293 tCO₂/MWh in the validation report), creating a presentation-level discrepancy that could confuse readers
• ⚠Crediting-period start date differs between the PDD (2010-09-01) and the monitoring report (2010-12-28), a ~3.5-month gap that is unexplained

Credit Vintages