Cakirlar Run-off-River Hydro Power Plant
GS-1257 ↗ · current registry ID: GS917
#1353of 1935 in Renewable energy#250of 295 in Turkey#1219of 1801 in Gold Standard (GS)#1046of 1287 in ACM0002
Audit Analysis
The Çakırlar run-of-river hydro project (17 MW, Turkey) has a VVB-verified additionality assessment and reasonable safeguards, but the verification report explicitly states that VER sales 'significantly improve IRR, making the project bankable,' which directly undermines the additionality claim. Twelve corrective actions were raised during validation, no buffer pool is in place, and the grid emission factor used dates from 2018 while the current monitoring period is 2024, creating a moderate over-crediting risk.
Red Flags
- The verification report states that VER sales 'significantly improve IRR, making the project bankable,' which is a direct admission that the project would not be financially viable without carbon credits, undermining the additionality claim.
- Twelve corrective actions (CARs) and nine clarifications (CLs) were raised during validation, indicating significant documentation and methodological gaps at the outset.
- The grid emission factor of 0.4607 tCO2/MWh is from 2018, yet the current monitoring period is 2024; if Turkey's grid has decarbonised over six years, the baseline may overstate emission reductions.
- No buffer pool percentage is stated in any available document, and the verification report does not explicitly address reversal risk, leaving permanence protection undefined.
Credit Vintages Exhausted
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2013 | 27,050 | 27,050 | 0 | |
| 2014 | 28,111 | 28,111 | 0 | |
| 2015 | 26,426 | 26,426 | 0 | |
| 2016 | 14,077 | 14,077 | 0 | |
| Total | 95,664 | 95,664 | 0 |
Risk Indicators
VVB-verified but carbon-revenue dependent
reversal not explicitly addressed in verification
0% deduction, reasonable for run-of-river hydro
Project-specific baseline; grid EF from 2018
FPIC, grievance mechanism, benefit sharing documented
CORSIA and CCP status not stated in available documents
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