Bundled Wind Power Project by Woodside Fashions Limited & Group (EKIESL-CDM.June-16-01)
GS-932 ↗ · current registry ID: GS5256
#138of 770 in Renewable energy#80of 387 in India#57of 426 in Gold Standard (GS)#42of 417 in AMS-I.D
Audit Analysis
A Gold Standard wind power project in India with a VVB-confirmed investment additionality test and a straightforward grid-displacement mechanism. However, leakage treatment is entirely absent, the grid emission factor dates to 2017, and a material finding reports SDG impacts 38.72% below PDD estimates. Multiple inter-document contradictions (baseline method, crediting period, benefit sharing) reduce confidence in the record's internal consistency.
Red Flags
- Leakage deduction is not quantified and the justification is recorded as 'not addressed' in the verification report — a gap even for a wind project where displaced electricity could be re-consumed elsewhere on the grid.
- The grid emission factor of 0.9777 tCO₂/MWh is drawn from 2017 data; no updated or jurisdictional reassessment is documented, raising the risk of over- or under-estimating displacement credits.
- A material finding in the verification report states actual SDG impacts are 38.72% lower than PDD estimates due to natural phenomena and breakdowns, suggesting operational underperformance relative to the approved design.
- Five contradictions exist across the PDD, monitoring report, and verification report (baseline method, crediting period, benefit sharing, reversal events, ERR figures), indicating inconsistent record-keeping.
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2018 | 4,594 | 4,594 | 0 | |
| 2019 | 12,539 | 12,334 | 205 | |
| 2020 | 23,001 | 23,001 | 0 | |
| 2021 | 10,200 | 9,996 | 204 | |
| 2022 | 10,532 | 6,851 | 3,681 | |
| Total | 60,866 | 56,776 | 4,090 |
Risk Indicators
VVB-confirmed investment test
Wind – no storage, no reversal events
Not quantified or justified
Grid EF from 2017, method contradictory
FPIC and grievance present, benefit sharing inconsistent
Not CORSIA-eligible, CCP not stated
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