Renewable Energy Power Projects by Atria Power

Audit Analysis

Atria Power's renewable energy project in India is a straightforward ACM0002 registration with VVB-confirmed additionality and no material findings, but the verified emissions reductions are roughly 8.5 times the pro-rata expectation derived from the PDD's lifetime estimate, raising questions about baseline calibration. Four contradictions between the PDD, verification report, and monitoring report — spanning baseline method, additionality test type, leakage justification, and ERR figures — reduce confidence in the internal consistency of the project documentation.

Project Description

Red Flags

• ⚠Verified ERR of 450,824 tCO2 over 18 months is approximately 854% of the pro-rata expectation (52,802 tCO2) derived from the PDD's lifetime estimate of 352,015 tCO2 over the 10-year crediting period, suggesting the baseline may have been significantly under-calibrated or the PDD figure may be a per-period value rather than a lifetime total
• ⚠Baseline method is described as 'project' in the verification report (2020) but 'jurisdictional' in the monitoring report (2023), creating ambiguity about whether a project-specific or standardised grid-average approach was applied
• ⚠Leakage justification is inconsistent: the verification report (2021) records it as 'not addressed' while the monitoring report (2023) states it was 'deemed negligible', with a 0% deduction in both cases
• ⚠CORSIA eligibility and CCP status are not stated in any available document, leaving dual-channel risk unassessed

Credit Vintages