Kirazlık Hydroelectric Power Plant Project
#75of 1935 in Renewable energy#1of 26 in Türkiye#20of 1339 in Verra (VCS)#50of 1287 in ACM0002
Audit Analysis
The Kirazlık HPP is a VCS-registered hydroelectric avoidance project with a VVB-confirmed investment additionality test, reasonable leakage treatment, and on-target credit delivery (~100% of pro-rata expectation). The project-specific baseline and a few unaddressed items (buffer pool, usage monitoring, CORSIA/CCP status) prevent a higher score, but no material findings or corrective actions were reported across 12 documents.
Red Flags
- Baseline method is project-specific rather than jurisdictional, which is a weaker baseline for a grid-displacement project
- Grid emission factor is from 2010; if Türkiye's grid has decarbonised since then, the displacement benefit may be overstated
- CORSIA eligibility and CCP status are not stated in any available document, leaving dual-channel risk unassessed
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2013 | 1,722 | 1,722 | 0 | |
| 2014 | 41,888 | 41,888 | 0 | |
| 2015 | 63,255 | 63,255 | 0 | |
| 2016 | 91,311 | 0 | 91,311 | |
| 2017 | 63,727 | 2,101 | 61,626 | |
| 2018 | 33,259 | 7,040 | 26,219 | |
| 2019 | 104,673 | 0 | 104,673 | |
| 2020 | 73,494 | 0 | 73,494 | |
| 2021 | 5,989 | 0 | 5,989 | |
| Total | 479,318 | 116,006 | 363,312 |
Risk Indicators
VVB-confirmed investment test
Avoidance project, no reversal risk
Negligible, justified for hydro
Project-specific, not jurisdictional
FPIC, grievance mechanism, safeguards documented
CORSIA and CCP status not stated
Where to buy
Marketplaces
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