72 MWac Kamuthi Renewable Energy Project

Audit Analysis

The Kamuthi 72 MWac solar thermal project has a sound core design with a VVB-verified investment additionality test and a standard grid emission factor baseline, and it is delivering roughly 231% of its pro-rata ex-ante expectation for the 2024 monitoring period. However, data-quality issues (missing generation records for multiple months, an open corrective action, inconsistent leakage and FPIC documentation across reports) and gaps in FNRB and usage-rate disclosure temper confidence. The project is CORSIA-eligible with CCP status unconfirmed, introducing a modest dual-channel consideration.

Project Description

Red Flags

• ⚠One corrective action (CAR #2) remains open at the time of the verification report, and generation data for at least nine months across 2018–2020 was missing, undermining confidence in the first-period MRV record.
• ⚠Leakage justification is inconsistent: the 2020 monitoring report does not address leakage at all, while the 2025 validation report deems it negligible — the 0% deduction lacks a consistent, documented rationale.
• ⚠FPIC status is contradictory: the 2020 validation report records FPIC as conducted, but the 2023 PDD records it as not conducted, leaving the safeguards record ambiguous.
• ⚠CORSIA eligibility is confirmed while CCP status is not stated in any available document, creating an unresolved dual-channel question.

Credit Vintages

No issuances recorded on the registry.