Wind Based Power Generation By Mytrah Energy (India) Limited (Ekiesl-VCS-January-16-01)

Audit Analysis

A 10-year-old Indian wind power avoidance project (ACM0002 v16.0) with a jurisdictional baseline and VVB-confirmed investment additionality, but burdened by an extensive list of material findings, corrective actions, and data gaps across multiple verification cycles. The project delivered roughly 90% of its pro-rata ex-ante expectation for the latest monitoring period, which is reasonable for wind variability, yet the low extraction confidence and numerous missing supporting documents (calibration certificates, JMRs, O&M contracts) undermine confidence in the reported figures. The project is now requesting a crediting period renewal, and several corrective actions specifically target the renewal assessment.

Project Description

Red Flags

• ⚠Extensive list of material findings (30+ CARs/CLs) spanning multiple verification cycles, including missing calibration certificates, missing JMRs/invoices, inconsistent generation values between MR and ER sheets, and missing commissioning certificates for all WTGs
• ⚠Minimum extraction confidence rated 'low', indicating at least one key document was poorly readable, reducing reliability of the extracted data
• ⚠Grid emission factor discrepancy: 0.8612 in the PDD versus 0.9817 in the 2024 monitoring report (a ~14% difference), raising questions about which vintage was applied to the verified ERR
• ⚠Lifetime ex-ante estimate in the 2019 verification report (4,794,480 tCO2e) is 30% higher than the PDD figure (3,695,943 tCO2e), suggesting the original estimate may have been optimistic
• ⚠CORSIA eligibility and CCP status are not stated in any available document, leaving dual-channel risk unassessed

Credit Vintages