Demircili WPP

Audit Analysis

The Demircili WPP is a Gold Standard wind project in Turkey with VVB-confirmed additionality and a jurisdictional grid-emission-factor baseline, but it is undermined by a large volume of corrective actions (23 at validation, 5 at verification), calculation errors in the emission-reduction sheet, and a material discrepancy in verified ERR between two verification reports (182,560 vs 216,022 tCO₂e). The project is inherently low-risk on permanence (avoidance-type wind) and leakage (deemed negligible), yet the data-reliability issues and missing ex-ante lifetime ERR prevent a confident over- or under-delivery assessment.

Project Description

Red Flags

• ⚠Two verification reports from the same VVB (Enviance) report materially different verified ERR values: 182,560 tCO₂e (March 2026) vs 216,022 tCO₂e (February 2025), a ~15% gap that is unexplained in the extracted record.
• ⚠The grid emission factor used in the baseline shifted from 0.546 (2025 report) to 0.6488 (2026 report), a ~19% increase that directly inflates the credit quantity; the justification for the change is not documented in the extracted facts.
• ⚠23 Corrective Action Requests were raised at validation and a further 5 at verification, including calculation errors in the annual generation and emission-reduction values, an emission-reduction formula inconsistent with ACM0002 v21.0, and inconsistencies in SDG impact values.
• ⚠FPIC status is contradictory: the 2012 stakeholder consultation record indicates FPIC was conducted, while the 2023 validation report records it as not conducted.
• ⚠No ex-ante lifetime ERR figure is available in the extracted record, making a pro-rata over/under-delivery check impossible.

Credit Vintages