Bundled Solar Power Project by Mahindra Susten Private Limited
Score Breakdown
Integrity
verified Additionality was tested using an investment test and confirmed by the VVB in the verification report.
missing The monitoring report says leakage was not addressed, and the verification file includes several corrective actions for calculation and documentation issues.
Transparency
verified The project has a named VVB, a defined monitoring period, and a detailed monitoring report dated 2022-08-22.
missing The monitoring report shows a large difference between claimed and verified reductions, and several supporting items were missing or inconsistent.
Claim Safety
verified The project is not CORSIA-eligible, which reduces one channel of dual-claim risk.
missing The verified emissions reductions are far below the claimed amount, and leakage treatment is not addressed in the monitoring report.
Documentation
verified Multiple official documents were available, including validation, monitoring, PDD, and issuance records, with high extraction confidence.
missing The monitoring report lists numerous corrective actions, including missing calibration evidence, incomplete stakeholder details, and an inconsistency in exported electricity readings.
Detailed Analysis
Integrity
The project’s additionality case is stronger than average because the verification report confirms an investment test and the VVB accepted it. However, integrity is weakened by the monitoring report’s statement that leakage was not addressed, plus multiple corrective actions tied to emission calculation compliance and missing calibration evidence. The project is an avoidance-style solar activity, so permanence risk is inherently low, but the record still shows quality-control weaknesses in the monitored data.
Transparency
Transparency is mixed: the project has a named VVB, a clear monitoring period, and a substantial document set. That said, the monitoring report records a large gap between claimed and verified reductions, and several supporting details were missing or inconsistent, including stakeholder consultation evidence and meter calibration documentation. The absence of a clear usage-monitoring method also limits traceability of how the reductions were derived.
Claim Safety
Claim safety is weakened by the large discrepancy between claimed and verified reductions, with 611,586 claimed versus 215,993 verified in the verification record. The monitoring report also says leakage was not addressed, which increases over-crediting risk even though the project is not CORSIA-eligible. The baseline is project-based rather than jurisdictional, so the claim depends heavily on the quality of the project accounting.
Documentation
Documentation breadth is reasonably good because the extracted record includes validation, monitoring, PDD, and issuance materials, and extraction confidence is high. Still, the monitoring report contains many corrective actions, including missing calibration certificates, incomplete local stakeholder details, and an inconsistency in exported electricity readings. The crediting period is long and the monitoring period is relatively recent, but the quality issues prevent a higher documentation score.
Overall
The project is supported by a credible VVB-verified additionality assessment, but the evidence also shows significant reporting and calculation weaknesses. I privileged the 2022 monitoring report over older validation-era statements where they conflicted, because it is more recent and reflects the monitored period; this is why leakage is treated as not addressed despite an earlier validation reference to quantification. I also privileged the 2022 verified emissions figure over the earlier lower verified figure because the later validation record is the more recent official value, but the contradiction itself lowers confidence and claim safety.
Audit Analysis
This is a registered VCS solar project with VVB-verified investment-test additionality and documented safeguards, but the evidence base shows material issues in emissions accounting and unresolved leakage treatment. The project’s claimed reductions were materially revised downward in verification, and the monitoring report still flags calculation inconsistencies and missing supporting evidence for several items.
Project Description
Proponent: Multiple Proponents Protocol categories: Energy industries (renewable/non-renewable sources) Protocols: ACM0002 Estimated annual GHG reductions: 329360 tCO2e Region: Asia Registration date: 2019-05-16
Red Flags
- The verification record shows a large gap between claimed and verified emission reductions, with 611,586 claimed versus 215,993 verified.
- The monitoring report says leakage was not addressed, and it also records calculation inconsistencies and missing supporting documents.
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2016 | 15,339 | 13,755 | 1,584 | |
| 2017 | 259,979 | 259,979 | 0 | |
| 2018 | 407,574 | 402,852 | 4,722 | |
| 2019 | 399,456 | 363,678 | 35,778 | |
| 2020 | 413,215 | 139,946 | 273,269 | |
| 2021 | 382,580 | 214,804 | 167,776 | |
| 2022 | 125,301 | 39,697 | 85,604 | |
| Total | 2,003,444 | 1,434,711 | 568,733 |
Cosa migliorerebbe questo punteggio
- Provide a clear, quantified leakage assessment and reconcile it with the earlier validation statement that leakage was quantified.
- Resolve the monitoring and verification inconsistencies by submitting complete calibration certificates, corrected electricity export data, and a documented double-counting declaration.
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
Solar avoidance project
Leakage not addressed
Project baseline, reassessment not stated
FPIC and grievance mechanism documented
Not CORSIA-eligible and no CCP approval stated
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Registry Documents
issuance
monitoring
validation
- FVR _VCS 1767_TQC 15222_Reviewed_SM_23082022.pdf
- VCS-Verification-Representation-v4.1.pdf
- FVR_Mahindra Susten_1767.pdf
- SDG-Contributions-Report-1767_Mahindra 1st Verification.pdf
- VCS-Verification-Representation-v4.1_VCS.21.VER.051.pdf
- 1767- Revised Final Verification Report_25.02.2022_Clean.pdf
- +9 more
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