Wind Project in Maharashtra, India by Kayathar and Jath
#1444of 1935 in Renewable energy#788of 975 in India#1029of 1339 in Verra (VCS)#1108of 1287 in ACM0002
Audit Analysis
A 10-year VCS wind project in Maharashtra with VVB-verified additionality and a reasonable avoidance-based credit structure, but undermined by an extensive list of material findings, multiple inter-document contradictions, a 50.49% gap between estimated and achieved emission reductions, and low extraction confidence across the document set. The verification process did catch and correct several issues, but the volume of corrective actions and the ERR discrepancy between the monitoring report and verification report raise meaningful data-reliability concerns.
Red Flags
- The monitoring report claims 143,668 tCO₂e while the verification report verifies only 118,598 tCO₂e — a 21% over-claim in the MR that was corrected by the VVB
- A 50.49% difference between estimated ex-ante and achieved emission reductions was flagged as requiring explanation in the verification report
- Multiple meter calibration delays (2017 and 2018–2019) required a 0.2% error-factor adjustment, indicating MRV process weaknesses
- FPIC status is contradictory: the 2018 verification report records it as not conducted, while the 2024 monitoring report records it as conducted
- Baseline method is inconsistent across verification reports: 'project-specific' in the 2024 VR versus 'jurisdictional' in the 2023 VR
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2015 | 23,264 | 23,264 | 0 | |
| 2016 | 97,879 | 97,879 | 0 | |
| 2017 | 107,746 | 107,746 | 0 | |
| 2018 | 119,007 | 111,910 | 7,097 | |
| 2019 | 27,261 | 27,261 | 0 | |
| 2020 | 86,774 | 86,774 | 0 | |
| 2021 | 92,790 | 92,790 | 0 | |
| 2022 | 96,492 | 87,353 | 9,139 | |
| Total | 651,213 | 634,977 | 16,236 |
Risk Indicators
VVB-verified investment test
Avoidance project, no reversal risk
0% deemed negligible, reasonable for wind
Project-specific, method contradicts across VRs
Grievance mechanism present, FPIC contradictory
CORSIA and CCP status both unstated
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