Floating Solar project of Greenam Energy
#24of 770 in Renewable energy#12of 387 in India#33of 629 in Verra (VCS)#5of 417 in AMS-I.D
Audit Analysis
A straightforward floating solar project under VCS AMS-I.D. with a VVB-confirmed investment additionality test, a jurisdictional grid emission factor baseline (0.931, 2022), and no material findings or corrective actions. The project delivered roughly 3.8× its pro-rata expectation for the short three-month monitoring window, indicating a conservative PDD estimate. Contradictions between the PDD, validation report, and monitoring report on additionality test type, baseline method, and leakage treatment introduce moderate uncertainty but do not undermine the core credit validity.
Red Flags
- Contradiction between the PDD (combined additionality test) and the validation report (investment test) creates ambiguity about which test was actually applied and verified
- Leakage justification is described as 'quantified' in the monitoring report but 'not addressed' in the validation report, leaving the 0% deduction insufficiently anchored
- CORSIA eligibility and CCP status are not stated in any available document, leaving dual-channel risk unassessed
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2022 | 1 | 0 | 1 | |
| 2023 | 1 | 0 | 1 | |
| Total | 2 | 0 | 2 |
Risk Indicators
VVB-confirmed investment test
Renewable energy – no reversal risk
0% deduction, justification inconsistent across docs
Jurisdictional grid EF, method label conflicts
FPIC, grievance mechanism, benefit sharing present
CORSIA and CCP status not stated
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