Energising India using Solar Energy Projects
#360of 1935 in Renewable energy#189of 975 in India#184of 1339 in Verra (VCS)#268of 1287 in ACM0002
Audit Analysis
A registered VCS solar energy project in India with a solid investment-test additionality assessment confirmed by the VVB and no permanence risk inherent to the technology. However, the project carries moderate concerns around a project-specific baseline (contradicted by a later monitoring report calling it jurisdictional), a 0% leakage deduction with inconsistent justification across documents, and an unusually high number of corrective actions (17) that reveal significant gaps in monitoring documentation and stakeholder engagement records.
Red Flags
- 17 corrective actions required in the November 2025 verification report, including missing calibration certificates, missing JMRs and invoices, missing PPA and O&M agreements, and missing stakeholder consultation records
- Baseline method contradicted between the 2022 verification report (project-specific) and the 2025 monitoring report (jurisdictional), creating uncertainty about the actual baseline approach
- Leakage justification is inconsistent: the 2022 verification report records it as 'not addressed' while the 2025 monitoring report states 'deemed negligible', with no quantified analysis in either
- The verification report flags that generation was 12.19% higher than estimated, yet the project proponent was asked to demonstrate the impact on additionality — an unresolved question at the time of verification
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2017 | 8,169 | 8,169 | 0 | |
| 2018 | 283,983 | 283,983 | 0 | |
| 2019 | 735,425 | 409,848 | 325,577 | |
| 2020 | 886,685 | 520,801 | 365,884 | |
| 2021 | 869,791 | 550,463 | 319,328 | |
| 2022 | 916,208 | 568,043 | 348,165 | |
| 2023 | 150,000 | 0 | 150,000 | |
| 2024 | 100,000 | 0 | 100,000 | |
| Total | 3,950,261 | 2,341,307 | 1,608,954 |
Risk Indicators
Investment test, VVB-confirmed
Solar project, no reversal risk
0% deduction, justification inconsistent
Project-specific, method contradicted
FPIC and grievance present, records incomplete
CORSIA excluded, CCP status unknown
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