Koclu Regulator and Hydroelectric Power Plant (Koçlu Regulator & HEPP)
#569of 1935 in Renewable energy#115of 295 in Turkey#308of 1339 in Verra (VCS)#439of 1287 in ACM0002
Audit Analysis
The Koçlu HEPP is a VCS-registered small-scale hydro project with VVB-confirmed additionality and no reversal events, but its credit quality is undermined by ten documented contradictions across source files, a 0% buffer pool, and a material finding of below-ex-ante production due to lower precipitation. The project is in its second crediting period (2024–2034) with a recent baseline reassessment, yet key eligibility statuses (CORSIA, CCP) remain unconfirmed.
Red Flags
- Ten contradictions across documents, including baseline method (project vs jurisdictional), grid emission factor (0.44755 vs 0.537), and verified ERR (146,188 vs 305,228), raising data-reliability concerns
- Buffer pool set at 0% with no reversal-risk mitigation mechanism documented
- Validation report (2024) states leakage was 'not addressed' while the verification report (2023) claims it was 'deemed negligible' — inconsistent treatment across the project lifecycle
- CORSIA eligibility and CCP status are not stated in any available document, leaving dual-channel risk unassessed
- Material finding: lower-than-expected precipitation and a flood disaster reduced production below ex-ante estimates, indicating climate sensitivity of the hydro resource
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2014 | 19,789 | 0 | 19,789 | |
| 2015 | 58,248 | 0 | 58,248 | |
| 2016 | 59,858 | 0 | 59,858 | |
| 2017 | 56,798 | 0 | 56,798 | |
| 2018 | 47,158 | 0 | 47,158 | |
| 2019 | 48,407 | 0 | 48,407 | |
| 2020 | 38,661 | 0 | 38,661 | |
| 2021 | 32,252 | 0 | 32,252 | |
| 2022 | 47,090 | 0 | 47,090 | |
| 2023 | 43,155 | 0 | 43,155 | |
| Total | 451,416 | 0 | 451,416 |
Risk Indicators
VVB-confirmed investment test
mixed evidence / unresolved risk
0% deduction, inconsistent justification
Project-specific, method contradicted
FPIC & grievance per VV, contradicted
CORSIA & CCP status not stated
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