Cururos Wind Farm Project

Audit Analysis

The Cururos Wind Farm is a Gold Standard wind project in Chile with VVB-confirmed additionality and a recently reassessed baseline, but it carries a heavy load of compliance findings (8 CLs, 4 CARs, 1 FAR, and a FAR#5 exemption) that raise process-integrity concerns. Leakage is set at 0% with no documented justification, and the project is CORSIA-eligible, creating dual-channel risk. The fundamental avoidance mechanism (displacing grid electricity) is sound, but documentation gaps and contradictory reporting across documents weaken confidence in the credit's robustness.

Project Description

Red Flags

• ⚠Eight compliance-list items, four corrective-action requests, one audit finding, and a FAR#5 exemption were raised in the 2025 verification report, indicating significant process non-conformities
• ⚠Leakage deduction is 0% with no documented justification in the most recent verification report, despite an earlier (2021) verification report describing leakage as 'quantified'
• ⚠CORSIA eligibility is confirmed while CCP status is not mentioned, creating potential dual-channel crediting risk
• ⚠Buffer pool percentage is not stated in any available document, leaving permanence risk unquantified
• ⚠Crediting period end date is not stated in the verification report, making the full project lifetime and pro-rata ERR assessment impossible

Credit Vintages