Koyulhisar Hydro Electricity Power Plant
#2of 26 in Türkiye#30of 1339 in Verra (VCS)#64of 1287 in ACM0002
Audit Analysis
The Koyulhisar hydro project is a straightforward grid-displacement avoidance project with a VVB-confirmed investment additionality test, no material findings, and a reasonable 0% leakage deduction. The main concerns are a contradiction in the baseline method description (project-specific vs. jurisdictional) across documents and the absence of an explicit permanence or buffer-pool discussion. Overall, the project presents moderate risk with solid verification practices.
Red Flags
- Baseline method is described as 'project-specific' in the 2013 verification report but 'jurisdictional' in the 2024 monitoring report — an unresolved inconsistency that affects baseline credibility
- Permanence and reversal risk are not explicitly addressed in any available document, and no buffer pool percentage is stated
- Grid emission factor differs between the 2020 monitoring report (0.52826) and the 2024 verification report (0.4607), indicating the baseline was recalculated without a clear documented rationale in the extracted record
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2009 | 363,034 | 362,946 | 88 | |
| 2011 | 11,152 | 11,152 | 0 | |
| 2012 | 116,617 | 116,617 | 0 | |
| 2013 | 140,416 | 140,416 | 0 | |
| 2014 | 43,912 | 43,912 | 0 | |
| 2015 | 130,746 | 84,530 | 46,216 | |
| 2016 | 140,225 | 140,225 | 0 | |
| 2017 | 94,335 | 94,335 | 0 | |
| 2018 | 88,342 | 88,342 | 0 | |
| 2019 | 96,503 | 96,503 | 0 | |
| 2021 | 46,356 | 11,428 | 34,928 | |
| Total | 1,271,638 | 1,190,406 | 81,232 |
Risk Indicators
VVB-confirmed investment test
mixed evidence / unresolved risk
0% with negligible justification (hydro)
Method contradiction across documents
FPIC and grievance mechanism documented (2024)
CORSIA excluded; CCP status not stated
Where to buy
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