8.5 MW wind power based electricity generation in the Northern and Western region grids of India

Audit Analysis

An 8.5 MW CDM wind project in India with a VVB-verified investment additionality test and a jurisdictional grid-emission-factor baseline. The project delivered roughly 100% of its pro-rata first-year expectation, but the PDD contained 20 material findings—including IRR calculation errors and an incorrect operating-margin emission-factor method—that were all subsequently resolved. Overall a competent but documentation-burdened project with no reversal risk and appropriate leakage treatment.

Project Description

Red Flags

• ⚠Twenty material findings in the validation/monitoring record, including IRR calculation errors (tariff, depreciation, tax rates) and an operating-margin emission factor computed as a simple average rather than a generation-weighted average, both of which affected the additionality and baseline calculations before correction.
• ⚠The crediting-period start date (10 Nov 2010) preceded the CDM registration date, a compliance irregularity noted in the monitoring report.
• ⚠A discrepancy exists between the verified ERR of 14,327 tCO₂e recorded in the merged data and 12,152 tCO₂e cited in the monitoring report, a gap of roughly 15% that is unexplained in the available documents.

Credit Vintages