4K Earth Science Private Limited has been contracted by ‘Adani Green Energy Limited’ to undertake verification of the project activity “Bundled Solar Energy Project in Gujarat, Rajasthan and Uttar Pradesh” in India. The verification was performed based on rules and requirements defined by GCC for the project activity.

The project involves installation of 475MW_AC (50MW X 1, 100MW X 2, 150MW X 1, 75MW X 1)) Solar Photovoltaic (SPV) Panels in the states of Gujarat, Uttar Pradesh and Rajasthan. The electricity generated from project activity is exported to the Indian grid in India through power purchase agreement with their respective distribution companies., there by displacing electricity from the Indian grid generated by fossil fuel-based power plants. This project activity consists poly crystalline cells type of panels of and associated connection boxes, Inverters, transformers and other field equipments. Thus, the project activity is estimated to generate an average of 948,448 MWh/year electricity and displacing 883,908 tCO₂e/year. In the baseline scenario the equivalent amount of electricity delivered to the grid by the project activity would have otherwise been generated by the operation of grid connected power plants and by the addition of new generation sources into the grid. The main emission source in the baseline scenario is the power plants connected to the grid and main greenhouse gas involved is CO₂.  

4K Earth Science Private Limited has verified and hereby certifies that the GCC Project Activity “Bundled Solar Energy Project in Gujarat, Rajasthan and Uttar Pradesh”:

·        has correctly described the Project Activity in the Project Submission Form (version 3, dated 21/12/2023) including the applicability of the approved methodology ACM0002, version 21.0 and meets the methodology applicability conditions, is additional and is expected to achieve the forecasted real measurable and additional GHG emission reductions, complies with the monitoring methodology, has appropriately conducted local and global stakeholder consultation processes and has calculated emission reduction estimates correctly and conservatively;

·        is likely to generate GHG emission reductions amounting to the estimated 8,839,087 tCO_2eq over the fixed crediting period of ten years, as indicated in the PSF, which are additional to the reductions that are likely to occur in absence of the Project Activity and complies with all applicable GCC rules, including ISO 14064-2 and ISO 14064-3, and therefore requests the GCC Program to register the Project Activity  

·        is not likely to cause any net-harm to the environment and/or society and complies with the Environmental and Social Safeguards Standard, and therefore requests the GCC Program to register the Project Activity, which is likely to achieve the requirements of the Environmental No-net-harm Label (E+) and the Social No-net-harm Label (S+); and

·        is likely to contribute to the achievement of United Nations Sustainable Development Goals (SDGs), comply with the Project Sustainability Standard, and contribute to achieving a total of 3 SDGs, which is likely to achieve the Silver  SDG certification label (SDG+).

·        The Project Activity complies with all the applicable requirement of the GCC Program and ICAO’s requirements on CORSIA Emissions Unit Eligibility Criteria and CORSIA Eligible Emissions Units, as per Clarification No 1., v1.3 paragraph 23-25, and the ACCs expected to be issued during the crediting period is likely to be CORSIA eligible and can be used by International Airlines for offsetting their emissions during all phases of CORSIA and therefore requests GCC Steering Committee to append CORSIA Certification label (C+) to this project

·        is likely to contribute to CORSIA Eligible Emission Units and has CORSIA Label (C+) certification valid till 31 December 2020. A written attestation from the Host country on double counting is not required until 31 December 2020 and the project was found meeting the applicable requirements prescribed by ICAO.