Energy efficiency measures at Mindspace Airoli Building No 3, 8 and 14 of Serene Properties Pvt Ltd at Navi Mumbai

Audit Analysis

A CDM building energy-efficiency project (AMS II.E) with VVB-confirmed additionality via an investment test, but hampered by seven material findings at validation (including a calculation error in the weighted-average emission factor), a project-specific modeled baseline with no stated reassessment date, and a thin 0% leakage justification. Low extraction confidence and the absence of monitoring-period data limit the ability to verify ongoing performance.

Project Description

Red Flags

• ⚠Seven material findings at validation, including exclusion of DG generation from the weighted-average emission factor calculation for two buildings (CAR#08), which directly affects credit quantity
• ⚠Contradiction in total ERR between the PDD (13,374) and the validation report (133,740) — a tenfold discrepancy that, while likely a typographical error, undermines data reliability
• ⚠Baseline method contradiction: the PDD describes a jurisdictional baseline while the validation report records a project-specific baseline
• ⚠No buffer pool percentage stated and no explicit permanence or reversal-risk analysis for an energy-efficiency project
• ⚠Minimum extraction confidence rated low, indicating at least one key document was poorly readable

Credit Vintages

No issuances recorded on the registry.