Niksar Hydroelectric Power Plant
#879of 1935 in Renewable energy#176of 295 in Turkey#545of 1339 in Verra (VCS)#691of 1287 in ACM0002
Audit Analysis
The Niksar Hydroelectric Power Plant is a registered VCS renewable-energy project with a VVB-confirmed investment additionality test and no reported reversal events, but it is undermined by a project-specific baseline, a 0% leakage deduction, and a very large number of material findings and corrective actions (20 and 30+ respectively) that point to significant documentation and consistency weaknesses. The low extraction confidence across the document set further erodes confidence in the underlying data. Overall the project is functional and conservative in its verified output relative to the ex-ante estimate, but the quality of its documentation and the volume of unresolved findings place it in the mid-range.
Red Flags
- 20 material findings and 30+ corrective actions identified in the 2025 verification report, including inconsistent project descriptions, incorrect coordinates, missing meter installation dates, incomplete monitoring plan, and lack of justification for project ownership
- Minimum extraction confidence rated 'low', indicating at least one key document was poorly readable, which undermines confidence in the extracted data
- Baseline method shifted from 'jurisdictional' (2013 validation) to 'project-specific' (2025 verification), a downgrade in baseline robustness
- Crediting period contradiction: the 2025 verification report references the 2012–2022 period while a January 2025 validation report references a new 2022–2032 period, creating ambiguity about which period the verified credits belong to
Credit Vintages Exhausted
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2012 | 78,954 | 78,954 | 0 | |
| 2013 | 202,586 | 202,586 | 0 | |
| 2014 | 35,255 | 35,255 | 0 | |
| 2015 | 129,427 | 129,427 | 0 | |
| 2016 | 139,943 | 139,943 | 0 | |
| 2017 | 79,683 | 79,683 | 0 | |
| 2018 | 79,580 | 79,580 | 0 | |
| 2019 | 171,835 | 171,835 | 0 | |
| 2020 | 168,415 | 168,415 | 0 | |
| 2021 | 46,883 | 46,883 | 0 | |
| Total | 1,132,561 | 1,132,561 | 0 |
Risk Indicators
VVB-confirmed investment test
mixed evidence / unresolved risk
0% deduction, quantified justification
Project-specific, not jurisdictional
FPIC, grievance mechanism documented
CORSIA excluded, CCP status not stated
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