Diyoban 19.04 MW Hydroelectric Power Plant Project

Audit Analysis

The Diyoban 19.04 MW hydro project is a registered VCS renewable energy project with a VVB-verified investment additionality test and no material findings, but it carries 11 corrective actions, a 2012 grid emission factor that may overstate abatement, and multiple inter-document contradictions on baseline method, safeguards, and leakage treatment. The exact match between claimed and verified ERR (88,040 tCO2) is reassuring, yet the absence of CORSIA/CCP status and a buffer pool, combined with medium extraction confidence, limits overall confidence in the credit's robustness.

Project Description

Red Flags

• ⚠11 corrective actions (CAR-1 through CAR-11) were required in the 2024 verification report, indicating unresolved compliance or MRV issues
• ⚠Grid emission factor of 0.538 tCO2/MWh is from 2012; Turkey's grid has likely decarbonised since, meaning the 88,040 tCO2 abatement may be overstated
• ⚠Baseline method is contradictory: the 2017 verification report classifies it as 'project' while the 2024 monitoring report calls it 'jurisdictional'
• ⚠CORSIA eligibility and CCP status are not stated in any available document, leaving dual-channel risk unassessed

Credit Vintages