Wind Based Power Generation by Panama Wind Energy Godawari Private Limited, Pune in the State of Maharashtra, India

Audit Analysis

A 10-year VCS wind project in Maharashtra, India, verified by Applus+ Certification, with a jurisdictional baseline and standard ACM0002 methodology. The project delivered roughly 70% of its pro-rata emission reduction expectation for the latest monitoring period, with under-delivery attributed to turbine breakdowns and right-of-way issues. A large volume of corrective actions and comments across multiple verification cycles—many resolved—indicates recurring documentation and calculation quality issues that temper confidence in the credit claims.

Project Description

Red Flags

• ⚠Achieved GHG emissions were 44.76% lower than estimated in one monitoring period due to right-of-way (force majeure) issues, and 33% lower in another due to turbine breakdowns, indicating significant operational volatility
• ⚠The plant was shut down for 3,876 hours and 50 minutes during one monitoring period, raising questions about the reliability of the ex-ante emission reduction estimates
• ⚠Multiple verification cycles flagged discrepancies in additionality financial parameters (IRR duration, tariff, O&M costs) and in emission reduction calculations versus JMR records and invoices
• ⚠The grievance redress procedure was found to lack adequate accessibility for stakeholders, and steps taken to resolve logged grievances were not reported in the PDMR
• ⚠Min extraction confidence is rated low, and one document in the evidence set is classified as 'unknown' type, limiting full verification of the record

Credit Vintages