Karaburun Wind Power Plant (Phase-II)

Audit Analysis

The Karaburun Wind Power Plant (Phase-II) is a grid-connected wind project under the ICR standard with VVB-confirmed additionality, but the validation process surfaced 39 corrective action requests and multiple inter-document contradictions (FPIC status, baseline method, grid emission factor) that undermine confidence in the underlying data. The project delivers exactly 100% of its pro-rata ex-ante expectation for the elapsed period, which is reassuring, yet the absence of a buffer pool, unaddressed reversal risk, and CORSIA eligibility without a clear CCP status create moderate over-crediting and permanence concerns.

Project Description

Red Flags

• ⚠39 Corrective Action Requests and 1 Forward Action Request were issued during validation, including substantive issues with the additionality common-practice threshold (PDD used >2 where the Tool requires >3) and double-counting clarification
• ⚠FPIC status is contradictory: the PDD (Sep 2024) states FPIC was conducted, while the validation report (Nov 2024) records it as not conducted
• ⚠No buffer pool is in place for a 10-year crediting period and reversal risk is marked as 'not addressed' despite a risk assessment identifying Turkey's economic instability
• ⚠CORSIA eligibility is confirmed but CCP status is not stated, creating dual-channel / double-claim ambiguity
• ⚠Baseline method is contradictory within the validation report itself: 'project' (Nov 2024) vs 'jurisdictional' (Oct 2024), and the grid emission factor differs between documents (0.6488 vs 0.7424)

Credit Vintages