KBS has been contracted by ‘Manikaran Power Limited’ to undertake verification of the project activity “TA Greentech Solar Project” in India. The verification was performed based on rules and requirements defined by GCC for the project activity. The project involves installation of 10MW_AC Solar Photovoltaic Power plant in Uttar Pradesh state of India. The electricity generated from project activity is exported to the Indian grid in India through power purchase agreement with Uttar Pradesh Power Corporation Ltd. (UPPCL), there by displacing electricity from the regional grid which would have otherwise been generated by the operation of grid connected power plants and by the addition of new generation sources into the grid. This bundled project activity (10MW_AC) consists Photovoltaic panels and associated connection boxes, Inverters, transformers and electricity meters. Thus, the bundled project activity is estimated to generate an average of 17,082 MWh/year electricity and displacing 15,038 tCO₂/year.

The project correctly applies the approved baseline and monitoring AMS-I.D. version 18.0 and is assessed against latest valid PS, VS and Environment and Social Safeguards Standard, Project-Sustainability-Standard and/or other applicable GCC/CDM Decisions/Tools/Guidance/Forms.

The project activity is likely to achieve the anticipated emission reductions stated in the PSF provided the underlying assumptions do not change. The expected emission reductions (annual average) from the project activity are estimated to be 15,038 tCO₂/year over the 10 years fixed crediting period starting from 19/02/2019.

KBS has verified and hereby certifies that the GCC bundled project activity “TA Greentech Solar Project”:

·     has correctly described the Project Activity in the Project Submission Form (version 2.0, dated 26/12/2023) including the applicability of the approved methodology AMS-I.D., version 18.0 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 150,383 tCO₂ 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 5 SDGs, which is likely to achieve the Platinum 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.