Bundled Solar Power Project By Vector Green Energy Private Limited

Audit Analysis

A bundled solar power project under VCS ACM0002 with VVB-confirmed additionality and a jurisdictional baseline, but plagued by extensive data inconsistencies, missing supporting documents, and a 37.6% unexplained variance between actual and estimated reductions. The project is over-delivering relative to its ex-ante estimate, which is positive, yet the sheer volume of corrective actions and material findings undermines confidence in the underlying data quality. The registry status remains 'verification approval requested,' meaning the credit has not yet been formally issued.

Project Description

Red Flags

• ⚠37.6% variance between actual and estimated emission reductions flagged in the verification report, with justification still required
• ⚠FPIC status contradicts between the monitoring report (conducted) and the most recent verification report (not conducted), raising safeguards concerns
• ⚠Extensive list of 26 corrective actions including missing IRR sheets, calibration certificates, grievance register, and double-counting undertaking
• ⚠Grid emission factor dated 2017 with no evidence of update to a more recent year

Credit Vintages