Renewable Power Project by Axis Wind Farms (MPR Dam) Private Limited
#231of 1935 in Renewable energy#112of 975 in India#102of 1339 in Verra (VCS)#169of 1287 in ACM0002
Audit Analysis
A straightforward wind-energy project under VCS ACM0002 with a VVB-confirmed investment additionality test and no material findings. However, seven contradictions across verification and monitoring reports — particularly the baseline method (project vs. jurisdictional) and shifting positions on FPIC and grievance mechanisms — undermine confidence in the documentation trail. The project is CORSIA-ineligible and presents low inherent greenwashing risk, but the baseline inconsistency and medium extraction confidence warrant caution.
Red Flags
- Baseline method is recorded as 'project' in the 2020 verification report but 'jurisdictional' in the 2023 monitoring report — an unresolved inconsistency that affects the credibility of the emission-factor basis (0.9475 tCO2e/kWh, 2018 grid EF).
- Seven contradictions across documents, including reversals on FPIC (true in 2018, false in 2020) and grievance mechanism (false in 2020, true in 2023), suggest inconsistent or evolving compliance reporting.
- Grid emission factor is from 2018; no evidence of periodic grid-EF updates within the 2017–2027 crediting period was found in the extracted record.
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2017 | 139,767 | 139,016 | 751 | |
| 2018 | 214,977 | 124,953 | 90,024 | |
| 2019 | 208,939 | 190,114 | 18,825 | |
| 2020 | 184,343 | 100,531 | 83,812 | |
| 2021 | 217,782 | 0 | 217,782 | |
| 2022 | 224,191 | 0 | 224,191 | |
| Total | 1,189,999 | 554,614 | 635,385 |
Risk Indicators
VVB-confirmed investment test
RE project – no reversal risk
0% – not applicable (grid displacement)
Method contradiction; 2018 grid EF
Grievance present; FPIC not conducted
CORSIA excluded; CCP not stated
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