Wind Power Project at Theni by Powerica Limited
Score Breakdown
Integrity
verified Additionality was confirmed by the VVB using an investment test, which is stronger than an unverified assertion.
missing The verification report records major findings, including that regulatory surplus was not addressed and that the project had to provide proof of monitoring for part of the first crediting period.
Transparency
verified The monitoring period is stated as 2022-01-01 to 2023-06-30, and the VVB name is identified in the issuance record.
missing The extracted record shows low extraction confidence and many documentation gaps, including no claimed emissions figure and no stated usage monitoring method.
Claim Safety
verified The project is a wind power activity under AMS-I.D. with a project baseline and a leakage deduction of 0%, which is directionally supportive of lower over-crediting risk.
missing The verification findings flag missing evidence on double counting, inconsistent monitoring details, and unresolved regulatory surplus, all of which raise claim-safety concerns.
Documentation
verified A large number of official documents were used, and the issuance record is recent, dated 2023-10-25.
missing The extraction confidence is low and the record contains many unresolved findings and corrective actions, including missing grievance details and incomplete monitoring evidence.
Detailed Analysis
Integrity
The project has a positive integrity signal because the VVB confirmed additionality through an investment test, and the record shows a project baseline with a leakage deduction of 0%. On the other hand, the verification report lists serious issues, including that regulatory surplus was not addressed, the period from 13 September 2010 to 1 May 2011 was not monitored or verified, and multiple CARs were raised. These findings reduce confidence in the robustness of the credited reductions.
Transparency
Transparency is mixed. The monitoring period and VVB are identified, and the issuance record provides a verified emissions figure of 98,590. However, the extracted record has low confidence, the claimed emissions total is not found, and the usage monitoring method is not stated in available documents. The documentation also contains many corrections and missing details, which limits public clarity.
Claim Safety
Claim safety is weakened by the verification findings even though the project type and baseline approach are broadly consistent with a renewable energy activity. The report notes missing undertakings for no double counting between CDM and VCS, inconsistencies in the monitoring report, and incomplete invoices and calibration evidence. These issues increase the risk of over-crediting or weakly supported claims.
Documentation
Documentation quality is below average because, despite a relatively large document set and a recent issuance date, the extraction confidence is low and the record contains many unresolved findings. The VVB requested numerous corrections, including missing grievance records, incorrect project title, inconsistent meter accuracy class, and missing monitoring evidence. That combination suggests the file is not fully complete or cleanly documented.
Overall
Overall, this is a moderately weak file with some solid elements but significant reliability concerns. I privileged the 2023 issuance record and the latest verification findings over older, conflicting references because they are more recent and more specific; that means the later crediting-period statement and the later leakage/reversal treatment were used as the primary values. The contradictions on crediting period, leakage, reversal treatment, and benefit-sharing were all treated as evidence-quality problems and pushed the scores downward.
Audit Analysis
This wind project has some positive signs, including VVB-confirmed additionality, a quantified leakage deduction of 0%, and no reported reversal events. However, the verification record contains many corrective actions and material findings, including unresolved concerns about regulatory surplus, double counting, monitoring gaps, and inconsistent project documentation, which materially weaken confidence in the claimed reductions.
Project Description
Proponent: POWERICA LIMITED Protocol categories: Energy industries (renewable/non-renewable sources) Protocols: AMS-I.D. Estimated annual GHG reductions: 21864 tCO2e Region: Asia Registration date: 2018-11-28
Red Flags
- The verification report lists multiple CARs and six assessment findings, including missing proof for no double counting between CDM and VCS and incomplete monitoring evidence.
- The project description and verification materials contain contradictions on the crediting period, leakage treatment, reversal treatment, and benefit-sharing disclosure.
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2010 | 2,722 | 59 | 2,663 | |
| 2011 | 1,213 | 1,213 | 0 | |
| 2012 | 752 | 752 | 0 | |
| 2013 | 17,216 | 17,216 | 0 | |
| 2014 | 15,871 | 15,871 | 0 | |
| 2015 | 11,353 | 11,353 | 0 | |
| 2016 | 19,099 | 19,099 | 0 | |
| 2017 | 18,933 | 18,933 | 0 | |
| 2018 | 16,532 | 16,532 | 0 | |
| 2019 | 15,532 | 15,532 | 0 | |
| 2020 | 15,721 | 15,721 | 0 | |
| 2021 | 15,598 | 13,789 | 1,809 | |
| 2022 | 16,570 | 1 | 16,569 | |
| 2023 | 5,294 | 0 | 5,294 | |
| Total | 172,406 | 146,071 | 26,335 |
Cosa migliorerebbe questo punteggio
- Provide a clean, reconciled verification package that resolves the crediting-period contradiction, the CDM/VCS double-counting concern, and the missing monitoring evidence.
- Publish complete monitoring support, including grievance records, calibration certificates, invoice support, and a clear explanation of the baseline, leakage, and any other program claims.
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 reversals reported, but project risk not fully evidenced
Leakage deemed negligible with 0% deduction
Project baseline stated, but reassessment detail limited
FPIC and grievance mechanism present, but grievance records
CORSIA/CCP status not stated
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