70 MW Bhadla Solar power plant by Fortum Finnsurya Energy Pvt Ltd (EKIESL-CDM-APRIL 16-01)
Score Breakdown
Integrity
verified Additionality was confirmed by the VVB using an investment test in the verification report.
missing Leakage is not addressed in the later verification report, and the record also notes several breakdown events during the monitoring period.
Transparency
verified Multiple official documents were used, including a PDD, verification report, and monitoring report, with a named VVB.
missing Key monitoring details are not stated in the extracted record, including usage monitoring, grid emission factors, and verified usage rates.
Claim Safety
verified The project uses ACM0002 Version 17.0, which is a recognized methodology for grid-connected renewable electricity.
missing The claimed and verified emission reductions differ materially, and leakage justification is inconsistent across documents.
Documentation
verified The record includes a substantial document set and 20 extracted facts, with a medium extraction confidence level.
missing The verification report contains several CARs and CLs, and some issues were only resolved after follow-up corrections.
Detailed Analysis
Integrity
The verification report confirms additionality through an investment test, which supports the project’s core crediting logic. However, leakage is recorded as not addressed in the later verification report, and the monitoring period notes several operational breakdowns that could affect confidence in delivered reductions. The project also has no buffer pool information or clear reversal treatment in the extracted record, which weakens permanence-related assurance for a crediting project.
Transparency
Transparency is helped by the presence of a PDD, verification report, and monitoring report, plus a named VVB and a defined monitoring period. That said, several key fields are not stated in the extracted record, including usage monitoring method, verified usage rate, grid emission factors, and CORSIA/CCP status. The verification report also records missing generation data for April and May, which reduces confidence in the completeness of the public MRV trail.
Claim Safety
Claim safety is mixed because the project uses a standard grid-connected renewable methodology, but the evidence does not show a robust leakage treatment in the later verification record. The claimed and verified emission reductions are materially different, which raises over-crediting concerns even though the exact reason for the gap is not fully explained in the extracted facts. With CORSIA eligibility and CCP status not stated, dual-claim risk cannot be ruled out from the available record.
Documentation
Documentation quality is moderate: the record draws on multiple official documents and the extraction confidence is medium rather than low. At the same time, the verification process raised multiple CARs and CLs, including missing generation data and meter calibration details, although these were later closed. The crediting period and monitoring period are both available, but the contradiction between older and newer documents on the crediting period shows that the record requires careful interpretation.
Overall
Overall, this is a mid-quality project with a credible additionality basis but several reliability and MRV weaknesses. I privileged the later verification report for leakage, safeguards, and reversal treatment because it is more recent than the earlier verification record, while the monitoring report was used to note operational breakdowns and the newer crediting-period information; the contradiction on benefit sharing was resolved in favor of the later report because it is the more recent official source. The contradiction on claimed versus verified emission reductions is not explicitly listed as a formal contradiction, but the large gap between claimed and verified figures still weighs on claim safety and transparency.
Audit Analysis
The project has some positive integrity signals, including VVB-confirmed additionality and a recognized methodology, but the evidence base is weakened by unresolved leakage treatment, unclear reversal handling, and several verification findings. Transparency is moderate because multiple official documents are available, yet key operational details such as usage monitoring, grid factors, and some eligibility fields are not stated in the extracted record.
Project Description
Developer: Fortum India Private Limited Type: Solar Thermal - Electricity Size: Large Scale Methodology: ACM0002 Grid-connected electricity generation from renewable sources Crediting period: 2017-11-06 → 2027-11-05 Estimated annual credits: 148562 tCO2e SDGs: Goal 7: Affordable and Clean Energy, Goal 13: Climate Action, Goal 8: Decent Work and Economic Growth
Red Flags
- Leakage is marked as not addressed in the verification record, despite an earlier document suggesting it was negligible.
- The verification process raised multiple CARs and CLs, and the record notes missing generation data for April and May.
- Reversal events are not clearly resolved, while the monitoring record mentions several plant breakdowns during the period.
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2017 | 15,321 | 0 | 15,321 | |
| 2018 | 164,151 | 17,078 | 147,073 | |
| 2019 | 208,748 | 68,943 | 139,805 | |
| 2020 | 285,608 | 121,788 | 163,820 | |
| 2021 | 144,332 | 57,332 | 87,000 | |
| 2022 | 143,646 | 1,167 | 142,479 | |
| 2023 | 102,514 | 0 | 102,514 | |
| Total | 1,064,320 | 266,308 | 798,012 |
Cosa migliorerebbe questo punteggio
- Provide a clear, quantified leakage assessment and reconcile the differing leakage statements across documents.
- Publish complete monitoring evidence for the missing months, meter calibration records, and explicit reversal/permanence treatment.
Questi suggerimenti indicano quali prove pubbliche aggiuntive potrebbero migliorare il livello di confidenza di questa valutazione. Non garantiscono un punteggio futuro più alto.
Risk Indicators
VVB-confirmed investment test
No reversal treatment clearly documented
Leakage not addressed in later verification
Project baseline, reassessment timing unclear
FPIC and grievance present, but partial detail
CORSIA/CCP status not stated
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Registry Documents
monitoring
- (1)Monitoring Report_1st monitoring period_06-11-2017 to 01-04-2019_v02.pdf
- GS_5519_ER_Sheet_v03_01.05.2024.xlsx
- Annual Report_5519_2023.pdf
- GS_5519_MR_ver03_Final_28.02.2024.pdf
- GS_5519_Annual Report_2022-23_26.12.2023.pdf
- Monitoring Report_1st monitoring period_06-11-2017 to 01-04-2019_v02.pdf
- +12 more
validation
- Verification Report_1st monitoring period_06-11-2017 to 01-04-2019_v02.pdf
- VKU.F27W. Verification Report_VKU.VER.15.23_GS_5519.pdf
- 5519_FVR.pdf
- 10403_CDM FVR_MP03_Ver02.pdf
- (1)Verification Report_1st monitoring period_06-11-2017 to 01-04-2019_v02.pdf
- VKU.F27W.Verification_Report_VKU.VER.43.25_GS_5519-PUBLIC_clean PRR1.pdf
- +3 more
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