Kartaldagi Wind Power Plant, Turkey

Audit Analysis

The Kartaldagi Wind Power Plant is a fundamentally sound renewable energy project with a VVB-confirmed investment additionality test and no permanence risk inherent to wind generation. However, the project carries a heavy burden of material findings (18 items) and corrective actions (30+ items), including unresolved expropriation, a 24% shortfall in verified emissions reductions versus estimates, and multiple contradictions between the verification and monitoring reports on baseline method, leakage treatment, and grid emission factor. These issues collectively moderate an otherwise low-risk project design.

Project Description

Red Flags

• ⚠Expropriation of project land not fully concluded; registration of expropriated land still ongoing at time of verification (2025-04-18)
• ⚠Verified emissions reductions (86,518 tCO2e in 2025; 130,365 tCO2e in 2024) are materially below the pro-rata share of the lifetime ex-ante estimate, with a 24.25% shortfall attributed to wind variability in one period
• ⚠The lifetime ex-ante estimate was revised upward by approximately 13.6% (from 602,322 in the 2020 PDD to 684,442 in the 2025 monitoring report), raising over-crediting risk
• ⚠Contradictions between the verification report and monitoring report on baseline method (project vs. jurisdictional), leakage justification (quantified vs. deemed negligible), and grid emission factor (0.6261 vs. 0.7108)
• ⚠Eight corrective action requests (CAR 01–08) remain open, covering PDD formatting, SDG indicators, methodology applicability, grievance mechanism documentation, and financial need evidence

Credit Vintages