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VCSEnergy industries (renewable/non-renewable sources)India Registry: RegisteredACM0002

Solar Power Project by Mytrah Energy India Private Limited

VCS-1784 ↗

#1332of 1935 in Renewable energy#704of 975 in India#926of 1339 in Verra (VCS)#1034of 1287 in ACM0002

4.7/ 10
Integrity
4.8
Transparency
4.5
Claim Safety
5.0
Documentation
4.0

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

IssuedRetiredAvailable
2017
33,06733,0670
2018
390,627191,611199,016
2019
578,461377,854200,607
2020
617,428502,793114,635
2021
633,72380,191553,532
2022
544,516127,067417,449
2023
343,2920343,292
Total3,141,1141,312,5831,828,531

Risk Indicators

Additionality

VVB-confirmed investment test

Permanence

Renewable energy; no reversal events

Leakage

0% deduction; justification not addressed

Baseline

Method contradictory; grid EF from 2018

Safeguards

FPIC, grievance mechanism, safeguards documented

Double-claim

CORSIA and CCP status not stated

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Analysis ProvenanceScored2026-08-29ACM0002

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