BAGARASI WPP

Audit Analysis

Bagarasi WPP is a Gold Standard wind project in Turkey with a VVB-confirmed additionality test, a reasonable grid-emission-factor baseline, and a strong 96% verified-to-claimed ERR alignment. However, the absence of a stated buffer pool, a contradiction on FPIC status, and a large number of corrective action requests (29 CARs, all closed) temper confidence. The project is a low-risk avoidance-type credit but carries documentation and safeguards gaps that prevent a higher rating.

Project Description

Red Flags

• ⚠29 Corrective Action Requests and 6 Clarification Requests were issued during verification (2025 report), indicating significant data-quality issues in the project's reporting, even though all were closed before issuance.
• ⚠FPIC status is contradictory: the 2020 verification report confirms FPIC was conducted, while the 2025 monitoring report records it as not conducted, leaving the current safeguards posture unclear.
• ⚠Buffer pool percentage is not stated in any available document, leaving permanence risk unquantified despite the project being an avoidance-type wind credit.
• ⚠Baseline method is inconsistent across documents: the 2025 verification report describes a project-specific baseline while the 2025 monitoring report describes a jurisdictional baseline, creating ambiguity about the actual baseline construction.

Credit Vintages