Renewable Solar Power Project by ReNew Solar Power Private Limited

Audit Analysis

This VCS renewable solar project (ACM0002) has a sound additionality case (investment test, VVB-verified) and an appropriate jurisdictional baseline, but is undermined by an extraordinary volume of material findings and corrective actions spanning multiple verification cycles, indicating systemic MRV data-quality weaknesses. The 2026 verification report confirms 638,028 tCO₂e for a four-month monitoring period, roughly 108% of the pro-rata lifetime expectation, which is within a reasonable band. The low extraction confidence and recurring inconsistencies in electricity values, meter calibration records, and template compliance raise meaningful concerns about the reliability of the underlying data.

Project Description

Red Flags

• ⚠Over 40 distinct clarification and corrective-action requests across multiple verification cycles, including recurring inconsistencies in net electricity generation values, missing JMRs/invoices, and outdated monitoring-report template versions, indicating systemic MRV data-quality weaknesses
• ⚠A 115% imported-electricity deduction in Karnataka was flagged as requiring justification (CAR#01 in the 2026 verification report), raising a potential over-crediting concern for that site
• ⚠Minimum extraction confidence is rated low, meaning at least one key document was poorly readable, reducing confidence in the completeness of the extracted record
• ⚠Grid emission factor of 0.9475 tCO₂/MWh is from 2018; if India's grid has decarbonised since then, the baseline may overstate emission reductions

Credit Vintages