Mavibayrak Biomass Power Plant Project

Audit Analysis

The Mavibayrak Biomass Power Plant is a VCS-registered renewable energy project with VVB-confirmed additionality and no reported reversal events, but it is undermined by a 0% leakage deduction with no justification in the latest verification, a project-specific baseline, five corrective actions flagging significant monitoring data errors, and multiple contradictions between the verification report and the issuance record on safeguards and FPIC. The project is not CORSIA-eligible, which limits dual-channel risk, but the overall data quality and baseline robustness are below the level expected for a high-integrity credit.

Project Description

Red Flags

• ⚠Leakage deduction of 0% with justification recorded as 'not addressed' in the 2024 verification report, while the 2022 verification report stated it was 'quantified' — a regression in treatment for a biomass project where displaced-use leakage is expected
• ⚠Five corrective actions required in the 2024 verification, including mismatched production figures versus EPIAS data, unverified biomass quantities and moisture content, an incorrect grid emission factor in the calculation spreadsheet, and diesel oil parameter errors — indicating systemic MRV weaknesses
• ⚠The issuance document (Dec 2024) contradicts the verification report (Dec 2024) on FPIC, grievance mechanism, and safeguards, all recorded as absent in the issuance but present in the verification — raising questions about whether the issuance process accurately reflected VVB findings
• ⚠Baseline method is recorded as 'project' in the 2022 verification report but 'jurisdictional' in the 2024 monitoring report — an unresolved contradiction that affects baseline robustness

Credit Vintages