Nabq Solar PV project 20 MW

Audit Analysis

The Nabq Solar PV project has a fundamentally sound design with VVB-confirmed additionality and no reversal events, but is significantly undermined by a 9% capacity overstatement in the registered PDD, an extensive list of material findings (19 items) and corrective actions (28 items) that were only resolved after the verification audit, and a project-specific baseline with no stated reassessment date. The project delivered roughly 68% of its pro-rata ex-ante expectation for the elapsed monitoring period, which is conservative but partly attributable to the capacity discrepancy.

Project Description

Red Flags

• ⚠Installed capacity of 18.13 MWp is 9% lower than the 20.01 MWp registered in the PDD; a design change was initiated but the overstatement directly inflates the ex-ante ERR estimate.
• ⚠19 material findings and 28 corrective actions were raised during verification, including initially missing commissioning certificate, PPA, double-counting declaration, monthly generation records, meter calibration certificates, and SDG employment data — all resolved only after the audit.
• ⚠Minimum extraction confidence is rated 'low', indicating at least one key document was poorly readable, which limits assurance over the extracted data.
• ⚠Baseline method is described as 'project-specific' in the verification report but 'jurisdictional' in the monitoring report; the verification report (more recent, VVB-authored) is privileged, but the inconsistency weakens confidence in the baseline.

Credit Vintages