Bundled Renewable Power Project by Sharma Industries (EKIESL-CDM.December-14-02)

Audit Analysis

A bundled wind-and-solar renewable energy project in India under Gold Standard with a confirmed investment-test additionality assessment by Applus+ Certification. However, the project record is undermined by seven cross-document contradictions—including conflicting baseline methods, inconsistent ERR figures, and opposing FPIC/benefit-sharing statements—that collectively erode confidence in the MRV chain. CORSIA eligibility without a stated CCP position introduces dual-channel risk, and the absence of a lifetime ex-ante estimate prevents a meaningful pro-rata delivery check.

Project Description

Red Flags

• ⚠Seven contradictions across documents, including baseline method (project-specific vs jurisdictional), ERR figures (7,477 vs 5,154 claimed; 12,955 vs 7,477 verified), and FPIC status (true in verification report vs false in validation report)
• ⚠A monitoring report dated 2023-02-28 reports a verified ERR of 12,955, which predates the stated monitoring period start of 2023-03-01, raising a serious data-integrity question
• ⚠CORSIA eligibility is confirmed while CCP status is not mentioned, leaving dual-channel crediting risk unaddressed
• ⚠Five Corrective Action Requests were raised during verification, including missing invoice evidence, zero-generation months unexplained, and inconsistent monitoring parameters—indicating material MRV weaknesses at the time of assessment
• ⚠Leakage justification is contradictory: one source states it was not addressed, another deems it negligible, with no quantified analysis in either case

Credit Vintages

No issuances recorded on the registry.