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CarbonMeld CarbonMeld Carbon Observatory
Re-assessment pendingVCSEnergy industries (renewable/non-renewable sources)IndiaRegistry: RegisteredACM0002

Solar Photovoltaic Project by Giriraj Renewables Private Limited

Developer: Avaada Energy Private Limited

VCS-1786 ↗

#3657of 4737 in Renewable energy#1924of 2757 in India#1289of 1612 in Verra (VCS)#2578of 3242 in ACM0002

Score from methodology v2.1 (analysis of 29 Aug 2026). Re-assessment under v2.2 pending.

Assessment

CarbonMeld document-based assessment

01020304 Overall 4.9 / 10 Dimension scores are locked — the faint arcs are empty tracks, not zero scores.

Scale 0–10 · method weights: integrity 35% · transparency 25% · claim safety 25% · documentation 15%.

Re-assessment pending · v2.1

Analysis

A 153 MW solar PV project in India with a jurisdictional baseline and VVB-confirmed additionality, but burdened by a 32% installed-capacity shortfall versus the PDD, unresolved Gold Standard dual-listing, and a monitoring period in which verified reductions exceeded ex-ante estimates by roughly 14%. The project is registered and generating credits, yet the volume of material findings and corrective actions signals meaningful documentation and governance gaps that temper confidence in the credit quality.

Red Flags

4 red flags detected — Unlock with Premium

Findings

Risk Indicators

Additionality

🔒

Permanence

🔒

Leakage

🔒

Baseline

🔒

Safeguards

🔒

Double-claim

🔒

Risk indicator details are a Premium feature

Score Breakdown

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Gates applied

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Detailed Analysis

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Evidence

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On this page: the analysis of 29 Aug 2026, marked “Re-assessment pending”. Per-dimension scores, risk indicators, 4 red flags, score factors, detailed analysis, and 24 registry documents (24 analyzed).

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Eligibility & market

What can you claim with this credit?

Four checks buyers ask about, from the registry and the Integrity Council (ICVCM).

  • Airlines (CORSIA)

    No CORSIA label on the registry

    Not usable for airlines' CORSIA obligations.

    Source: registry label · read on 1 Nov 2026

    Covers: this project's credit records as read on the registry

  • Integrity label (ICVCM CCP)

    Methodology not approved by ICVCMACM0002

    The Integrity Council assessed this methodology as not meeting the Core Carbon Principles.

    Source: ICVCM assessment · ICVCM table read on 4 Oct 2026

    Covers: the methodology (every project using it), not this project's credits

  • Removal or reduction

    Emission reduction or avoidance

    Prevents or reduces emissions — fits contribution claims, not SBTi neutralisation.

    Source: project sector

    Covers: the project type, not a label on individual credits

  • Paris Agreement (Article 6)

    No Article 6 authorization

    No corresponding adjustment: the host country can also count this reduction towards its own target.

    Source: registry label · read on 1 Nov 2026

    Covers: this project's credit records as read on the registry

Information only, from public sources. Claim rules (CORSIA, SBTi, EU rules on green claims) change: check them before making a public claim. Since 27 September 2026, EU consumer rules do not allow “climate neutral” product claims based on offsets.

Registry labels last checked:2026-11-01

Credit Vintages

IssuedRetiredAvailable
2018
174,210174,2100
2019
273,304237,58135,723
2020
278,725211,15267,573
2021
275,895201,04774,848
2022
277,2890277,289
2023
82,274082,274
Total1,361,697823,990537,707

Methodology versions used

The methodology version stated in each monitoring, verification and issuance document, by period, compared with the official methodology pages.

  1. 2019–2020ACM0002 v19.0since replaced by v22.0

    monitoring report

    official page · verified on

  2. 2020ACM0002 v19.0since replaced by v22.0

    monitoring report + verification report

    official page · verified on

  3. 2021ACM0002 v19.0since replaced by v22.0

    verification report

    official page · verified on

  4. 2021–2023ACM0002 v19.0since replaced by v22.0

    monitoring report + verification report

    official page · verified on

  • ACM0002: Active (CDM / UNFCCC) · official page · verified on

A version is shown only when the document's own text writes it next to the methodology code. Current versions, status and CCP ranges come from the official pages linked, checked on the date shown.

Documents on the registry

Retired by

Organisations named as beneficiaries in the registry's public retirement records.

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Profile & governance

Analysis ProvenanceACM0002

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