HMIPL WIND POWER CDM PROJECT
#502of 1935 in Renewable energy#257of 975 in India#328of 1459 in CDM (UNFCCC)#176of 806 in AMS-I.D
Audit Analysis
A 2012 CDM wind power project in India with a well-demonstrated investment additionality test (IRR below WACC) and a standard jurisdictional grid baseline. The main weaknesses are the absence of any verification or monitoring data in the extracted record, a 10× discrepancy in the claimed ERR between the PDD and the validation report (likely annual vs. lifetime), and missing safeguards documentation (no FPIC, no grievance mechanism).
Red Flags
- ERR figure of 47,360 tCO₂ in the PDD versus 4,736 tCO₂ in the validation report — a 10× gap that is most plausibly an annual-vs-lifetime mix-up but is not explicitly reconciled in the documents
- No verification or monitoring reports appear in the extracted record; actual generation and credit issuance cannot be cross-checked against the ex-ante estimate
- Grid emission factor of 0.9293 tCO₂/MWh is dated 2007 and no baseline reassessment date is recorded
Credit Vintages
No issuances recorded on the registry.
Risk Indicators
VVB-confirmed investment test, IRR < WACC
Wind avoidance project, no reversal risk
0% justified — greenfield, no equipment transfer
Jurisdictional grid EF (2007), no reassessment date
Safeguards mentioned, benefit sharing described; no FPIC or
CORSIA and CCP status not stated in available documents
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