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CarbonMeld CarbonMeld Carbon Observatory

Rated

Solar Power Plant of 15MW in Gujarat by Palace Solar Energy Private Limited

Standard
VCS
Methodology
AMS-I.D (CDM)
Registry
VCS-1020 ↗ · Registered
Country
India
Credit type
Energy industries (renewable/non-renewable sources)

CarbonMeld's document-based rating gives Solar Power Plant of 15MW in Gujarat by Palace Solar Energy Private Limited (VCS-1020) 2.8 out of 10 (Very low rating) under CarbonMeld methodology v3, documents read on 19 Oct 2026. The analysis read 24 of the 31 registry documents. It is CarbonMeld's own assessment, not a rating given by the registry or the standard.

Assessment

Document-based rating

2.8/10

Very low rating (under 3.5)

Evidence coverage: high

How solid the credit is, as far as the registry's public documents show. Additionality and quantification start from a public grade; permanence starts at 5.0, the neutral point, where none applies, and claim safety always does.

Methodology v3 · documents read on 19 Oct 2026

Starting point

  • Additionality: CCQI's score for this type of project
  • Quantification: the ICVCM's decision on this methodology
  • Claim safety: neutral (5.0) — no public grade of this type of project applies

Not counted in the number

  • The oldest vintage still on sale, the content of the safeguards and the verifier's quality: not among the facts read

How this analysis was made

Our method
CarbonMeld methodology v3 · documents read on 19 Oct 2026 · 24/31 registry documents read

Analysis

Solar Power Plant of 15MW in Gujarat by Palace Solar Energy Private Limited (India) generates grid-connected renewable electricity (solar photovoltaic, 15 MW) under AMS I.D version 17; registry status Registered (VCS), 235,847 credits issued (vintages 2012–2022). The documents name Bureau Veritas Certification Holdings SAS as validation body and URS Verification Private Limited (URS) (2012-03-04 – 2015-08-31), TÜV SÜD South Asia Pvt.Ltd (2018-08-01 – 2020-12-31), LGAI Technological Center S.A. (Applus+ Certification) (2021-01-01 – 2022-03-03, 2022-03-04 – 2022-12-31), VKU Certification Pvt. Ltd (2023-01-01 – 2023-10-31) as verification bodies. The latest verification report (01-January-2023 – 31-October-2023) verifies 12,829 tCO2e.

Eligibility & market

What can you claim with this credit?

Four checks buyers ask about, from the registry and the Integrity Council (ICVCM).

  • Airlines (CORSIA)

    No CORSIA label on the registry

    Not usable for airlines' CORSIA obligations.

    Source: registry label · read on 12 Nov 2026

    Covers: this project's credit records as read on the registry

  • Integrity label (ICVCM CCP)

    Methodology not approved by ICVCMAMS-I.D

    The Integrity Council assessed this methodology as not meeting the Core Carbon Principles.

    Source: ICVCM assessment · ICVCM table read on 4 Nov 2026

    Covers: the methodology (every project using it), not this project's credits

  • Removal or reduction

    Emission reduction or avoidance

    Prevents or reduces emissions — fits contribution claims, not SBTi neutralisation.

    Source: project sector

    Covers: the project type, not a label on individual credits

  • Paris Agreement (Article 6)

    No Article 6 authorization

    No corresponding adjustment: the host country can also count this reduction towards its own target.

    Source: registry label · read on 12 Nov 2026

    Covers: this project's credit records as read on the registry

Information only, from public sources. Claim rules (CORSIA, SBTi, EU rules on green claims) change: check them before making a public claim. Since 27 September 2026, EU consumer rules do not allow “climate neutral” product claims based on offsets.

Credit Vintages

IssuedRetiredAvailable
2012
19,61719,6170
2013
25,00425,0040
2014
24,73024,7300
2015
24,19324,1930
2016
24,33124,3310
2017
23,31023,3100
2018
22,97122,087884
2019
22,62821,2541,374
2020
23,122023,122
2021
21,9923,94918,043
2022
3,94903,949
Total235,847188,47547,372

Methodology versions used

The methodology version stated in each monitoring, verification and issuance document, by period, compared with the official methodology pages.

  1. 2012–2015AMS-I.D v17.0since replaced by v18.0

    monitoring report + verification report

    official page · verified on

  2. 2015–2018AMS-I.D v17.0since replaced by v18.0

    monitoring report + verification report

    official page · verified on

  3. 2018–2020AMS-I.D v17.0since replaced by v18.0

    monitoring report + verification report

    official page · verified on

  4. 2021–2022AMS-I.D v17.0since replaced by v18.0

    monitoring report + verification report

    official page · verified on

  5. 2022AMS-I.D v18.0current version

    verification report

    official page · verified on

  6. 2023AMS-I.D v18.0current version

    monitoring report + verification report

    official page · verified on

  • AMS-I.D: Active (CDM / UNFCCC) · official page · verified on

A version is shown only when the document's own text writes it next to the methodology code. Current versions, status and CCP ranges come from the official pages linked, checked on the date shown.

Documents on the registry

Retired by

Organisations named as beneficiaries in the registry's public retirement records.

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Cite this page

CarbonMeld (2026). Solar Power Plant of 15MW in Gujarat by Palace Solar Energy Private Limited (VCS-1020): CarbonMeld document-based rating, methodology v3, documents read on 19 Oct 2026. https://carbonmeld.com/projects/solar-power-plant-of-15mw-in-gujarat-by-palace-solar-energy-private-limited-vcs-1020/.

The citation names the rating by its methodology version and the day the documents were read.

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The dimension values of the rating, every rule that raised or lowered the number with the fact and the source it rests on, the negative facts' detail and quotes, and 31 registry documents (24 read).

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Records with the same name in other registries

Records in another registry with the same name, country and methodology. Each has its own credits, documents and rating.

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