Grouped rooftop solar power project by SAEL Limited

Audit Analysis

A registered VCS rooftop solar project in India with a confirmed combined additionality test and jurisdictional baseline, but the verification report surfaced 11 corrective actions including non-reproducible ERR calculations and an unresolved question about whether more than 50% of generated electricity is exported to the grid, undermining the captive-use premise. The verified ERR for the first monitoring period is only about half the pro-rata expectation, suggesting the ex-ante estimate was optimistic. Documentation gaps and a contradiction in reported ERR figures further erode confidence.

Project Description

Red Flags

• ⚠Verified ERR (5,716 tCO₂e) is only ~51% of the pro-rata expectation (~11,230 tCO₂e) for the 23-month monitoring period, indicating the ex-ante estimate of 41,020 tCO₂e over 7 years may be significantly overstated.
• ⚠Material finding in the verification report flags unclear energy balance with potential export of >50% electricity to the grid, which challenges the project's eligibility under the captive-use/mini-grid methodology (AMS-I.F.).
• ⚠ERR calculations were found not reproducible due to missing details on operating margin emission factors, a fundamental MRV weakness.
• ⚠Contradiction in verified ERR: the verification report (Apr 2023) states 5,716 tCO₂e while the PDD (May 2022) states 4,747 tCO₂e, a 20% discrepancy unexplained in the extracted record.

Credit Vintages

No issuances recorded on the registry.