CANDARLI WPP

Audit Analysis

Candarli WPP is a 5-year Gold Standard wind project in Turkey with a solid investment-test additionality confirmed by RINA, but the record is marred by a four-fold discrepancy in claimed emission reductions between the validation report and an undated appendix, a missing verified ERR figure, and CORSIA eligibility that introduces dual-channel risk. Nine corrective actions were raised and closed during verification, indicating a thorough but initially imperfect submission. As an avoidance-type wind project, permanence and leakage risks are inherently low, but the project-specific baseline and absence of a buffer pool leave modest conservatism gaps.

Project Description

Red Flags

• ⚠Claimed ERR of 62,538 tCO₂e in the validation report versus 260,320 tCO₂e in an undated appendix — a 4.2× discrepancy that cannot be reconciled without the lifetime ex-ante estimate being explicitly stated
• ⚠Verified ERR for the 2024 monitoring period is not stated in any available document, preventing any over- or under-delivery check
• ⚠CORSIA eligibility is confirmed while CCP status is not mentioned, creating potential dual-channel crediting risk
• ⚠Nine corrective actions (CR1–CR6, CAR1–CAR2, FAR1) were raised during verification, indicating the initial PDD had multiple material gaps before closure

Credit Vintages