Cepco Wind Power Project in Gujarat

Audit Analysis

The Cepco Wind Power Project is a standard CDM wind displacement project (AMS I.D) with VVB-confirmed additionality via an investment test and a grid-emission-factor baseline appropriate for the methodology. Delivery was conservative at roughly 77% of the pro-rata ex-ante expectation for the monitored period, and no reversal or leakage risks are material for a wind project. Main concerns are transparency gaps in the original PDD (nine corrective actions at validation) and a contradiction between documents on whether the baseline is project-specific or jurisdictional.

Project Description

Red Flags

• ⚠Nine corrective actions were raised at validation, including missing DNA approval letter, opaque applicability criteria, unclear project boundary and metering points, and an unrealistic crediting-period start date — all subsequently addressed but indicating a weak initial PDD.
• ⚠The monitoring report characterises the baseline as 'project' while the validation report (2012) describes it as 'jurisdictional'; for AMS I.D the grid-emission-factor approach is jurisdictional, so the monitoring report's label is inconsistent with the methodology.
• ⚠Leakage justification is contradictory: the 2012 validation report states leakage was 'deemed negligible' while the 2023 monitoring report says it was 'quantified'; the 0% deduction is appropriate for wind but the inconsistent framing weakens the audit trail.

Credit Vintages