Wind Grouped project by Hero Future Energies Private Limited (EKIESL-VCS-Aug-16-03)
Score Breakdown
Integrity
verified Additionality was confirmed by the VVB, and the project used an investment test under ACM0002.
missing Reversal treatment is weakly documented: the latest record says non-permanence risk was not addressed, and the buffer pool is not stated.
Transparency
missing The monitoring record does not state total ERs claimed or verified, and usage monitoring is not described.
inferred The VVB is named and the monitoring period is stated, but low extraction confidence and missing registry completeness details limit transparency.
Claim Safety
verified Leakage deduction of 0% is stated, and the project is a wind project with a project baseline under ACM0002.
missing Contradictory leakage treatment and missing CORSIA/CCP status leave residual over-crediting and claim-risk concerns.
Documentation
verified The record includes a named VVB, a monitoring period, and many closed findings and corrective actions.
missing Extraction confidence is low, several key fields are not stated, and the evidence list is effectively incomplete.
Detailed Analysis
Integrity
The verification record confirms additionality through an investment test and says the VVB validated it, which supports the project’s core integrity case. Leakage is recorded as a 0% deduction, but permanence is less robustly documented because the latest record says non-permanence risk was not addressed and no buffer pool percentage is provided. The project also has a project-specific baseline, but no baseline reassessment date is stated.
Transparency
Transparency is mixed because the VVB name and monitoring period are available, but the record does not state total ERs claimed or verified, and the usage monitoring method is missing. The low extraction confidence further reduces trust in the completeness of the documentation. Registry and public-facing completeness are therefore only moderate.
Claim Safety
Claim safety is weakened by missing key safeguards for over-crediting assessment, especially the absence of CORSIA and CCP status and the lack of quantified usage evidence. The project’s wind methodology and stated 0% leakage deduction are positive, but the contradiction on leakage treatment means the evidence is not fully stable. The project baseline is project-specific rather than a recently reassessed standardized baseline, which is less conservative.
Documentation
The file set is reasonably broad, with many documents used, a named verifier, and multiple closed findings and corrective actions. However, the extraction confidence is low, which means at least one key document was hard to read, and several important fields remain unstated. The crediting period is long and the monitoring period is relatively recent, but the overall documentation quality is only moderate.
Overall
The project scores in the middle range because it has a credible additionality case and some solid verification evidence, but the record is weakened by missing MRV details and low extraction confidence. I privileged the latest issuance record for leakage, FPIC, and reversal treatment because it is more recent, but I discounted the score because it conflicts with earlier documents that reported different positions on those same issues. The contradictions do not invalidate the project outright, but they do reduce reliability and justify a conservative overall score.
Audit Analysis
The project has some strengths: additionality was confirmed by the VVB, the project uses an investment test, and no leakage deduction was applied. However, the record has reliability issues, including low extraction confidence, missing key monitoring details, and contradictions on leakage, FPIC, and reversal treatment that reduce confidence in the claims.
Project Description
Proponent: Hero Future Energies Private Limited Protocol categories: Energy industries (renewable/non-renewable sources) Protocols: ACM0002 Estimated annual GHG reductions: 171293 tCO2e Region: Asia Registration date: 2017-06-08
Red Flags
- The documents conflict on leakage treatment, with one record describing leakage as negligible and an earlier record indicating it was quantified.
- The record is incomplete on key MRV items such as total issued versus verified ERs, usage monitoring, and CORSIA/CCP status.
- A contradiction exists on FPIC, with an earlier document indicating it was not conducted while a later record says it was conducted.
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2016 | 117,744 | 90,282 | 27,462 | |
| 2017 | 198,720 | 150,897 | 47,823 | |
| 2018 | 399,600 | 210,776 | 188,824 | |
| 2019 | 361,936 | 11,936 | 350,000 | |
| 2020 | 194,532 | 114,344 | 80,188 | |
| 2021 | 203,911 | 134,569 | 69,342 | |
| 2022 | 106,967 | 61,629 | 45,338 | |
| Total | 1,583,410 | 774,433 | 808,977 |
Cosa migliorerebbe questo punteggio
- Provide a complete, readable monitoring and verification package showing total ERs claimed versus verified, usage monitoring, and registry issuance details.
- Resolve the contradictions on leakage, FPIC, and reversal treatment with a document-by-document explanation and add explicit buffer pool or permanence treatment.
Questi suggerimenti indicano quali prove pubbliche aggiuntive potrebbero migliorare il livello di confidenza di questa valutazione. Non garantiscono un punteggio futuro più alto.
Risk Indicators
VVB-confirmed investment test
No buffer pool stated
0% deduction with conflicting records
Project baseline, reassessment not stated
FPIC and grievance mechanism documented
CORSIA/CCP status not stated
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