75 MW Neo Solar Power Project

Audit Analysis

The 75 MW Neo Solar Power Project in India is a fundamentally sound solar thermal electricity project with VVB-confirmed additionality, a jurisdictional baseline, and negligible leakage risk appropriate to the technology. However, the verification process surfaced multiple material findings—including a calculation error in emission reductions and an omitted degradation factor—all of which were resolved before credit issuance. Several data points (FNRB, usage monitoring, CORSIA/CCP status) remain unstated, and the ERR figures differ between the validation and verification reports, though this is explained by the different reporting bases.

Project Description

Red Flags

• ⚠Multiple material findings in the verification report, including a calculation error in total emission reductions and an omitted degradation factor in energy generation, indicate initial documentation quality issues (all resolved per the verification report of 2025-12-18).
• ⚠The validation report (2024-11-15) states a lifetime ERR of 516,979 tCO2e while the verification report (2025-12-18) reports 345,572 tCO2e for the monitoring period; although explainable by different bases, the discrepancy warrants scrutiny.
• ⚠Free, Prior and Informed Consent (FPIC) was not conducted, and no buffer pool or permanence mechanism is documented in the available records.

Credit Vintages

No issuances recorded on the registry.