Solar Power Project By TP Saurya Limited

Audit Analysis

A 10-year solar PV project in India with VVB-confirmed additionality and a jurisdictional baseline, but the verification report contains 28 material findings including inconsistencies in emission reduction values across documents, an unexplained gap between ex-ante and monitored ERs, and a double-counting flag in the verification summary table. The project type (solar) inherently carries low permanence and leakage risk, yet the volume of data-quality issues and missing information (FNRB, usage rates, CORSIA/CCP status) limits confidence in the credit's robustness.

Project Description

Red Flags

• ⚠Verification report material finding states 'Double counting issuance and claiming is marked as yes' in the validation/verification summary table, though a corrective action suggests this may be a template misinterpretation by the VVB
• ⚠Inconsistencies in operating margin and capacity factor values between the ER sheet and PDDMR section 8.1.1, with no explanation provided for the difference between estimated and monitored ERs
• ⚠Section 10.5 reports 58,523 + 91,028 = 149,551 tCO2e for the monitoring period, while the verified total is 160,434 tCO2e — an unexplained gap of ~10,883 tCO2e
• ⚠Section 7.2 of the verification report states 58,232 tCO2e for Nov–Dec 2024, while PDDMR section 10.6 states 58,523 tCO2e for the same period

Credit Vintages