Energising India using Solar Energy

Audit Analysis

A 430 MW solar electricity project in India with VVB-confirmed additionality and no reversal events, but weakened by a project-specific baseline, an unquantified 0% leakage deduction, and a notable gap between the lifetime PDD estimate and the single-period monitoring figure. Multiple cross-document contradictions (baseline method, FPIC status, safeguards) reduce confidence in the data record, though the verification report is recent and CARs were resolved.

Project Description

Red Flags

• ⚠Leakage deduction of 0% with no quantified justification in the 2025 verification report, while the 2023 appendix reportedly contained a quantified justification — the more recent document drops it
• ⚠FPIC recorded as not conducted in the 2025 validation report, contradicting the 2021 validation report which recorded it as conducted
• ⚠Baseline method described as 'project' in the 2025 verification report but 'jurisdictional' in the 2023 PDD — the more recent, project-specific characterisation is less robust
• ⚠Claimed ERR of 299,425 tCO₂e for the 2024 monitoring period is only ~38% of the pro-rata expectation (~794,528) derived from the 3,972,642 tCO₂e lifetime estimate in the 2023 appendix, raising questions about the consistency of the ex-ante estimate

Credit Vintages