Kocalar Wind Power Project, Turkey

Audit Analysis

The Kocalar Wind Power Project is a standard ACM0002 renewable energy project with a solid VVB-verified investment additionality test and no inherent permanence risk. However, the verification report lists 17 material findings—including data inconsistencies in generation records, a failure to demonstrate compliance with local and national laws, and multiple documentation gaps—that materially weaken confidence in the project's integrity and documentation quality. The project is over-delivering relative to ex-ante estimates, which is positive for claim safety, but the baseline method is inconsistently described across documents and the grid emission factor dates from 2017.

Project Description

Red Flags

• ⚠Compliance with local and national laws was not demonstrated in the verification report (material finding, corrective action required)
• ⚠Inconsistency in June 2022 electricity generation value between the ER sheet and EPİAŞ data (CL#01) raises data-reliability concerns
• ⚠Baseline method is described as 'project' in the 2025 verification report but 'jurisdictional' in the 2024 verification report—an unresolved contradiction
• ⚠Grid emission factor of 0.5676 tCO₂/MWh is from 2017 and may overstate the current Turkish grid carbon intensity
• ⚠Six corrective actions remain open, including updating the project description to VCS Standard v4.0 and demonstrating legal compliance

Credit Vintages