Otluca Hpps Run-Of-River Hydro Project
#389of 1935 in Renewable energy#10of 26 in Türkiye#194of 1339 in Verra (VCS)#295of 1287 in ACM0002
Audit Analysis
The Otluca Run-of-River Hydro project is a small-scale renewable energy avoidance project with VVB-confirmed additionality and no material findings, but it is undermined by 12 documented contradictions across its file—most critically a 2.2× discrepancy in verified ERR figures and a shift in baseline method between the 2022 monitoring report and the 2023 verification report. Leakage is deducted at 0% with the 2023 verification report stating the issue was 'not addressed,' and the baseline is project-specific rather than jurisdictional, both of which weaken the integrity and claim-safety profile.
Red Flags
- Verified ERR figures differ by a factor of 2.2 between the 2023 PDD (244,723 tCO₂e) and the 2022 verification report (532,381 tCO₂e), creating material uncertainty about actual credit volume
- Baseline method is described as 'project' in the 2023 verification report but 'jurisdictional' in the 2022 monitoring report—a fundamental methodological inconsistency
- Leakage deduction is 0% and the 2023 verification report states leakage was 'not addressed,' removing any documented safeguard against displacement effects
- Twelve contradictions across the document set (including grid emission factor, additionality test type, FPIC, grievance mechanism, and crediting period) indicate either significant parameter changes between crediting periods or data-extraction reliability issues
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2011 | 61,734 | 61,734 | 0 | |
| 2012 | 100,466 | 0 | 100,466 | |
| 2013 | 79,501 | 77,747 | 1,754 | |
| 2014 | 41,453 | 41,453 | 0 | |
| 2015 | 91,704 | 7,703 | 84,001 | |
| 2016 | 80,248 | 0 | 80,248 | |
| 2017 | 187,034 | 0 | 187,034 | |
| 2018 | 189,824 | 0 | 189,824 | |
| 2019 | 213,915 | 213,915 | 0 | |
| 2020 | 101,563 | 101,563 | 0 | |
| 2021 | 69,247 | 68,916 | 331 | |
| 2022 | 52,006 | 22,455 | 29,551 | |
| Total | 1,268,695 | 595,486 | 673,209 |
Risk Indicators
VVB-confirmed investment test
Avoidance project – no storage reversal risk
0% deduction, not addressed in 2023 VR
Project-specific baseline, method contradicted
FPIC, grievance mechanism, safeguards documented
CORSIA excluded; CCP status not stated
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