Karacabey Wind Power Project
#870of 1935 in Renewable energy#171of 295 in Turkey#539of 1339 in Verra (VCS)#683of 1287 in ACM0002
Audit Analysis
The Karacabey Wind Power Project is a straightforward renewable energy avoidance project with VVB-confirmed additionality and no permanence risk, but its MRV record is undermined by seven material findings, fourteen corrective actions, and multiple inter-document contradictions on baseline method, leakage treatment, and safeguards. The project is not CORSIA-eligible and presents low double-claiming risk, yet the regression in leakage justification and the absence of a buffer pool or FPIC process leave meaningful gaps in the integrity and documentation record.
Red Flags
- Seven material findings and fourteen corrective actions in the 2023 verification report, including missing calibration certificates, absent baseline calculations in the monitoring report, and a missing no-double-counting undertaking
- Leakage justification regressed from 'deemed negligible' (2021 verification report) to 'not addressed' (2023 verification report) while the deduction remains 0%
- Baseline method is contradictory: the 2023 verification report states a project-specific baseline while the 2023 monitoring report describes a jurisdictional baseline
- No FPIC conducted and grievance mechanism status is inconsistent across verification reports (absent in 2021, present in 2023)
- Grid emission factor is from 2014 and no baseline reassessment date is recorded in the available documents
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2016 | 5,829 | 1,700 | 4,129 | |
| 2017 | 49,643 | 30,643 | 19,000 | |
| 2018 | 55,929 | 13,598 | 42,331 | |
| 2019 | 55,078 | 0 | 55,078 | |
| 2020 | 59,377 | 25,983 | 33,394 | |
| 2021 | 54,577 | 0 | 54,577 | |
| 2022 | 59,055 | 0 | 59,055 | |
| 2023 | 8,360 | 0 | 8,360 | |
| Total | 347,848 | 71,924 | 275,924 |
Risk Indicators
VVB-confirmed investment test
Avoidance project, no reversal risk
0% deduction, justification regressed to 'not addressed'
Project-specific baseline, method contradicts MR, 2014 grid EF
Grievance mechanism present (2023), no FPIC, inconsistent across reports
Not CORSIA-eligible, no CCP approval recorded
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