Solar Power Project by Mytrah Energy India Private Limited
#1332of 1935 in Renewable energy#704of 975 in India#926of 1339 in Verra (VCS)#1034of 1287 in ACM0002
Audit Analysis
A registered VCS solar power project in India with confirmed additionality and no reversal events, but undermined by an unusually high volume of material findings (27) and corrective actions, inconsistent ERR figures across monitoring reports, and a 0% leakage deduction lacking proper justification. The project's renewable-energy nature limits inherent permanence risk, yet the verification quality issues and data contradictions raise meaningful concerns about the robustness of the credit claims.
Red Flags
- 27 material findings reported in the verification report, including inconsistent emission reduction numbers, incomplete verification information, and incorrect project deviation tracking
- 27+ corrective actions required by Verra, indicating systemic verification quality issues across multiple monitoring cycles
- Leakage deduction of 0% with justification recorded as 'not addressed' in the 2022 verification report, contradicting an earlier 'deemed negligible' statement
- Contradiction in baseline method: 'project' in the 2022 verification report versus 'jurisdictional' in the 2025 monitoring report
- Total ERR claimed differs between monitoring reports (440,173 in 2025 MR vs 797,712 in 2024 MR), and verified ERR (751,827) exceeds the claimed figure, raising calculation transparency concerns
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2017 | 33,067 | 33,067 | 0 | |
| 2018 | 390,627 | 191,611 | 199,016 | |
| 2019 | 578,461 | 377,854 | 200,607 | |
| 2020 | 617,428 | 502,793 | 114,635 | |
| 2021 | 633,723 | 80,191 | 553,532 | |
| 2022 | 544,516 | 127,067 | 417,449 | |
| 2023 | 343,292 | 0 | 343,292 | |
| Total | 3,141,114 | 1,312,583 | 1,828,531 |
Risk Indicators
VVB-confirmed investment test
Renewable energy; no reversal events
0% deduction; justification not addressed
Method contradictory; grid EF from 2018
FPIC, grievance mechanism, safeguards documented
CORSIA and CCP status not stated
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