Denizli Bundled Solar Project
#22of 770 in Renewable energy#7of 121 in Turkey#29of 629 in Verra (VCS)#4of 417 in AMS-I.D
Audit Analysis
The Denizli Bundled Solar Project is a well-structured VCS renewable energy project with VVB-confirmed additionality, a jurisdictional baseline, and verified reductions that came in slightly below (98.8%) the pro-rata expectation for the elapsed monitoring period. The main concerns are a baseline-method contradiction between the validation and verification reports, the absence of documented FPIC, and the lack of stated CORSIA/CCP eligibility. Overall, the project presents a low greenwashing risk with conservative crediting.
Red Flags
- Baseline method is described as 'jurisdictional' in the 2024 verification report but 'project-specific' in the 2017 validation report — the discrepancy is unresolved in the extracted record.
- Free, Prior and Informed Consent (FPIC) is not documented in any available source, despite the project's community-facing nature in Turkey.
- CORSIA eligibility and CCP status are not stated in any document, leaving dual-channel risk unassessed.
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2015 | 4,284 | 0 | 4,284 | |
| 2016 | 6,926 | 0 | 6,926 | |
| 2017 | 6,738 | 0 | 6,738 | |
| 2018 | 6,525 | 0 | 6,525 | |
| 2019 | 6,673 | 0 | 6,673 | |
| 2020 | 6,805 | 0 | 6,805 | |
| 2021 | 2,483 | 0 | 2,483 | |
| Total | 40,434 | 0 | 40,434 |
Risk Indicators
VVB-confirmed under AMS I.D.
Renewable energy – no reversal risk
Deemed negligible, reasonable for solar
Jurisdictional per VV, but contradicts validation report
Grievance mechanism present; FPIC not documented
CORSIA and CCP status not stated
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