Akcay 28.78 MW, Hydroelectric Power Plant Project (Hepp), Turkey
#1079of 1935 in Renewable energy#22of 26 in Türkiye#693of 1339 in Verra (VCS)#845of 1287 in ACM0002
Audit Analysis
The Akcay 28.78 MW hydroelectric project is a registered VCS avoidance credit with VVB-confirmed additionality and no reversal events, but it is undermined by a project-specific baseline, a 2007 grid emission factor, nine material findings with corrective actions, and multiple internal contradictions within the verification report. The low extraction confidence and inconsistent documentation of safeguards (FPIC, grievance mechanism) further erode confidence in the project's integrity and transparency.
Red Flags
- Nine material findings and nine corrective actions required in the 2024 verification report, including missing net ERR equation, missing pre-project scenario description, and incorrect project scale categorization
- Grid emission factor dated 2007 (0.4607 tCO2/MWh) — over 17 years old and potentially significantly out of date for Turkey's evolving grid mix
- Internal contradictions within the same 2024 verification report on safeguards, FPIC, grievance mechanism, and benefit sharing (fields simultaneously recorded as true and false)
- Baseline method contradicted between the 2024 verification report (project-specific) and the 2024 monitoring report (jurisdictional)
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2009 | 2,726 | 2,726 | 0 | |
| 2010 | 5,310 | 5,310 | 0 | |
| 2011 | 13,252 | 6,059 | 7,193 | |
| 2013 | 35,713 | 35,713 | 0 | |
| 2014 | 29,352 | 29,352 | 0 | |
| 2015 | 75,681 | 0 | 75,681 | |
| 2016 | 28,917 | 0 | 28,917 | |
| 2017 | 23,058 | 12,199 | 10,859 | |
| 2018 | 20,079 | 20,079 | 0 | |
| 2019 | 37,438 | 6,970 | 30,468 | |
| 2020 | 16,444 | 0 | 16,444 | |
| 2021 | 8,566 | 0 | 8,566 | |
| 2022 | 22,241 | 0 | 22,241 | |
| 2023 | 9,005 | 0 | 9,005 | |
| Total | 327,782 | 118,408 | 209,374 |
Risk Indicators
VVB-confirmed investment test
hydro is low-risk but no permanence safeguard documented
0% deduction; justification inconsistent between documents
Project-specific baseline; 2007 grid EF; reassessed 2021
No FPIC, no grievance mechanism, no safeguards documented
Not CORSIA-eligible; CCP status not stated
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