Bundled Solar Power Project By Solararise India Projects PVt. Ltd.
#750of 1935 in Renewable energy#375of 975 in India#447of 1339 in Verra (VCS)#582of 1287 in ACM0002
Audit Analysis
A bundled solar PV avoidance project in India with a VVB-confirmed investment additionality test and matching claimed/verified ERR figures for the latest monitoring period. However, the project carries significant documentation gaps (nine corrective actions), a regressed leakage justification, a baseline-method contradiction between the validation and monitoring reports, and no stated buffer pool, collectively limiting confidence in the robustness of the credit claims.
Red Flags
- Nine corrective actions required in the 2024 verification report, including ER-sheet/JMR data mismatches, missing calibration certificates, and incomplete stakeholder-consultation records
- Leakage justification regressed from 'deemed negligible' (2020 verification) to 'not addressed' (2024 verification) while the deduction remains 0%
- Baseline method described as 'project-specific' in the 2018 validation report but 'jurisdictional' in the 2024 monitoring report — an unresolved methodological contradiction
- FPIC recorded as conducted in the 2018 validation but not conducted per the 2024 verification report; benefit-sharing description also reversed between the two documents
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2016 | 19,599 | 19,599 | 0 | |
| 2017 | 52,938 | 52,938 | 0 | |
| 2018 | 207,754 | 198,586 | 9,168 | |
| 2019 | 303,939 | 156,453 | 147,486 | |
| 2020 | 285,058 | 189,807 | 95,251 | |
| 2021 | 213,094 | 29,886 | 183,208 | |
| 2022 | 218,429 | 7,032 | 211,397 | |
| 2023 | 181,405 | 0 | 181,405 | |
| Total | 1,482,216 | 654,301 | 827,915 |
Risk Indicators
VVB-confirmed investment test
Solar avoidance – no reversal risk
0% deduction, justification absent in 2024
Method contradiction; grid EF from 2017
Grievance present; FPIC not conducted (2024)
CORSIA excluded; CCP status not stated
Where to buy
Marketplaces
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