Ghani Solar Renewable Power Project By Greenko Group
Score Breakdown
Integrity
verified The verification report from Earthood Services Private Limited confirms additionality through an investment test and reports no material findings.
missing Leakage is not addressed, no leakage deduction is stated, and baseline reassessment timing is not found in the available record.
Transparency
verified The latest verification report provides a clear monitoring period and a verified emissions figure of 1,380,180 tCO2e.
missing The record has low extraction confidence, no public-facing registry completeness details, and a large discrepancy in verified emissions across documents.
Claim Safety
verified The project is an avoidance-type solar project under VCS, and the latest verification report supports a project-specific baseline approach.
missing Leakage treatment is missing, CORSIA eligibility is explicitly false, and the verified emissions discrepancy raises over-crediting risk.
Documentation
verified Thirty documents were used and the latest verification report is dated 2023-02-20, which is reasonably recent relative to the crediting period.
missing Extraction confidence is low, the evidence list is not specific, and several safeguard-related fields are contradictory or not fully documented.
Detailed Analysis
Integrity
The latest verification report by Earthood Services Private Limited confirms additionality through an investment test, and it reports no material findings or corrective actions. The project is a solar avoidance project, so reversal risk is inherently lower than for removals, but reversal treatment is still not addressed and no buffer pool percentage is stated. Leakage is not addressed, which weakens the robustness of the crediting case, and the baseline reassessment date is not found in the extracted record.
Transparency
The verification report covers the monitoring period from 2021-08-01 to 2022-10-31 and states 1,380,180 verified tCO2e, which gives some visibility into the MRV outcome. However, extraction confidence is low, the evidence document list is not specific, and the record does not provide usage monitoring details or a complete public registry trail in the extracted facts. The large discrepancy in verified emissions across documents also reduces transparency because it is not fully explained in the available record.
Claim Safety
Claim safety is moderate because the project is a VCS solar avoidance project with a project-specific baseline and VVB-confirmed additionality. That said, leakage is not treated, CORSIA eligibility is explicitly false, and the verified emissions figure differs sharply from an earlier document, which increases over-crediting and claim-risk concerns. The absence of a stated leakage deduction and the lack of usage monitoring information further limit confidence in the claim strength.
Documentation
The documentation set is fairly broad, with 30 documents used and a recent verification report dated 2023-02-20. Even so, extraction confidence is low, which indicates at least one key document was hard to read, and several safeguard fields are inconsistent across documents. The record also lacks clear evidence for baseline reassessment, buffer pool treatment, and leakage justification, so the documentation is incomplete for a high-confidence assessment.
Overall
I privileged the latest verification report dated 2023-02-20 over earlier documents because it is more recent and appears to be the authoritative verification source. The contradiction on verified emissions is material: I used 1,380,180 tCO2e from the latest report rather than 712,923 tCO2e from the earlier document, but the discrepancy itself lowers reliability and transparency. I also treated the latest report as controlling for safeguards where it conflicts with earlier records, but the conflicting FPIC, benefit sharing, and grievance entries still indicate documentation weakness and justify a downward adjustment.
Audit Analysis
This is a registered VCS solar project with VVB-confirmed additionality and no material findings in the latest verification report. However, leakage is not addressed, permanence is only weakly relevant for an avoidance project but reversal treatment is not stated, and the record contains a major discrepancy in verified emission reductions between documents. Documentation quality is weakened by low extraction confidence and several safeguard fields that are either contradictory or incomplete.
Project Description
This project involved installing a 500 MW solar power project in Andhra Pradesh state of India to generate clean electricity. Over the 10-year first crediting period, it replaced approximately 887,800 tCO2e per year of greenhouse gas emissions and displaced the electricity from power plants connected to the Indian grid. The project was open for public comment in 2018, but no comments were received.
Red Flags
- Leakage is not addressed and no leakage deduction is stated in the verification record.
- Verified emission reductions differ materially across documents, with the latest verification report showing 1,380,180 tCO2e versus 712,923 tCO2e in an earlier document.
- Safeguard documentation is inconsistent: FPIC, benefit sharing, and grievance mechanism fields conflict across documents.
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2017 | 567,062 | 525,347 | 41,715 | |
| 2018 | 1,195,902 | 1,035,018 | 160,884 | |
| 2019 | 1,074,124 | 908,263 | 165,861 | |
| 2020 | 1,121,895 | 914,510 | 207,385 | |
| 2021 | 1,305,052 | 731,923 | 573,129 | |
| 2022 | 951,968 | 11,606 | 940,362 | |
| Total | 6,216,003 | 4,126,667 | 2,089,336 |
Cosa migliorerebbe questo punteggio
- Provide a clear leakage assessment and, if applicable, a quantified leakage deduction with methodology support.
- Resolve the emission and safeguard contradictions by publishing the controlling verification and monitoring documents with explicit FPIC, grievance, and benefit-sharing evidence.
Questi suggerimenti indicano quali prove pubbliche aggiuntive potrebbero migliorare il livello di confidenza di questa valutazione. Non garantiscono un punteggio futuro più alto.
Risk Indicators
VVB-confirmed investment test
Avoidance project; reversal treatment not stated
Leakage not addressed
Project-specific baseline; reassessment not stated
Partial and conflicting safeguard evidence
Not CORSIA-eligible and no CCP approval stated
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Registry Documents
issuance
- 19.51 Issuance Representation ZUVAAN.pdf
- VCS-Issuance-Representation-Single-Representor-v4.1_ZUVAN ENERGY PRIVATE LIMITED.pdf
- VCS-Issuance-Representation-Single-Representor-v4.1_ZUVAN ENERGY PRIVATE LIMITED.pdf
- vcs-issuance-representation-single-representor-v4.2-final.pdf
- VCS-Issuance-Representation_Zuvan.pdf
- V4_1792_PRR_1FEB2022.pdf
- +1 more
monitoring
Other
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