Grid Connected Wind Power Project by Madurai Integrated Textile Park Limited

Audit Analysis

A grid-connected wind power project in India using the well-established AMS-I.D methodology with a jurisdictional baseline and VVB-confirmed investment additionality. The project is fundamentally sound in design (no reversal risk, appropriately negligible leakage), but the validation and monitoring reports contain 22 material findings—many concerning the investment analysis, meter calibration, and PDD completeness—that undermine confidence in the robustness of the additionality claim and the quality of MRV data.

Project Description

Red Flags

• ⚠22 material findings in the validation/monitoring record, including multiple deficiencies in the investment analysis (benchmark mark, IRR calculation, tax shield, sensitivity analysis), yet no corrective actions were formally recorded
• ⚠Energy meters were not calibrated per the monitoring plan frequency during the reporting period, and a 0.5% permissible error was applied to measured values due to delayed calibration
• ⚠Unique identification details for all wind turbines were missing from the PDD, and the single-line diagram was absent
• ⚠The monitoring report does not state a verified ERR figure, leaving the actual credit quantity unconfirmed in the extracted record

Credit Vintages