Iota M. Firinci Solar Power Project

Audit Analysis

A registered VCS solar project in Turkey with a verified investment-test additionality and no reversal events, but undermined by ten material findings at validation (including unmet regulatory-surplus demonstration and a stakeholder-consultation gap) and multiple cross-document contradictions on baseline method, additionality test type, and safeguards. The verified ERR of 20,585 tCO₂e for the 22-month monitoring period represents roughly 129 % of the pro-rata lifetime expectation, which is within normal solar variability, but the documentation quality and internal consistency of the project record remain a concern.

Project Description

Red Flags

• ⚠Ten material findings at validation, including failure to demonstrate regulatory surplus for additionality and absence of local stakeholder consultation prior to validation
• ⚠Contradiction between the verification report (project-specific baseline, investment test) and the monitoring report (jurisdictional baseline, combined test) on core methodological parameters
• ⚠Crediting period in the PDD (2019-01-01 to 2028-12-31) differs from the verification report (2020-08-13 to 2030-08-12), indicating the PDD used an estimated rather than actual start date
• ⚠Validation report cited VCS Standard v3.7 instead of the required v4.0, and the additionality tool version was inconsistent between the PDD and the validation report

Credit Vintages