Renewable Energy Project in Rajasthan & Maharashtra
#628of 1935 in Renewable energy#306of 975 in India#362of 1339 in Verra (VCS)#215of 806 in AMS-I.D
Audit Analysis
A VCS renewable energy project (solar and wind) in India with VVB-confirmed additionality and smart-meter monitoring, but undermined by multiple material findings, missing calibration and stakeholder-consultation records, contradictory baseline and leakage characterisations across documents, and no stated buffer pool or CORSIA/CCP eligibility. The inherent low permanence and leakage risk of grid-displacement credits is partially offset by data-quality gaps that reduce confidence in the verified figures.
Red Flags
- Seven corrective actions were required in the 2025 verification report, including missing calibration certificates, JMR sheets, feeder details, and local stakeholder consultation records for the full monitoring period.
- Baseline method is stated as 'project-specific' in the 2018 verification report but 'jurisdictional' in the 2025 monitoring report — an unresolved methodological contradiction.
- Leakage justification is 'not addressed' in the 2019 verification report but 'deemed negligible' in the 2025 monitoring report, with no quantitative leakage analysis found in either document.
- No buffer pool percentage is stated in any available document, leaving permanence risk unquantified despite the absence of reported reversal events.
- Instances 3 and 4 were excluded from the current verification due to incomplete data collection, reducing the representativeness of the verified ERR.
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2015 | 14,724 | 14,724 | 0 | |
| 2016 | 25,642 | 25,642 | 0 | |
| 2017 | 24,440 | 24,440 | 0 | |
| 2018 | 29,288 | 29,288 | 0 | |
| 2019 | 33,285 | 28,192 | 5,093 | |
| 2020 | 25,155 | 0 | 25,155 | |
| 2021 | 24,362 | 0 | 24,362 | |
| 2022 | 21,784 | 0 | 21,784 | |
| 2023 | 23,030 | 0 | 23,030 | |
| Total | 221,710 | 122,286 | 99,424 |
Risk Indicators
VVB-confirmed combined test
no reversals reported
0% deduction, justification inconsistent
Method contradictory across documents
FPIC and grievance mechanism documented
CORSIA and CCP status not stated
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