Solar and Wind Power Project by NTPC Limited

Audit Analysis

A large-scale solar and wind project by NTPC with VVB-confirmed additionality and appropriate safeguards, but undermined by a flagged double-counting issue, numerous corrective actions across multiple monitoring cycles, a project-specific baseline, and low extraction confidence in the underlying documents. The CORSIA eligibility combined with unresolved dual-channel risk and inconsistent ERR figures across reporting periods elevates claim-safety concerns.

Project Description

Red Flags

• ⚠Double-counting issue explicitly flagged in material findings and a corrective action required a no-double-accounting undertaking (CAR02, closed 2023-01-23)
• ⚠Verified ERR (1,225,812 tCO2e, VR 2023) exceeds the claimed ERR (953,635 tCO2e, MR 2024) for what appears to be the same or overlapping monitoring period, a 28% over-verification that is unusual and unexplained
• ⚠CORSIA-eligible with CCP status not stated, creating dual-channel crediting risk
• ⚠Low extraction confidence across the document set, with at least one document of unknown type, reducing reliability of the extracted record
• ⚠Multiple unresolved or inconsistently closed CARs spanning additionality, emission reductions, calibration, and stakeholder consultation across at least three verification cycles

Credit Vintages