Pembelik Hydro Electricity Power Plant
#60of 295 in Turkey#130of 1339 in Verra (VCS)#203of 1287 in ACM0002
Audit Analysis
The Pembelik Hydro project is a VCS-registered renewable energy project in Turkey with a confirmed investment additionality test and jurisdictional baseline, but it delivered only ~55% of its pro-rata expected emissions reductions in the 2021–2022 monitoring period due to drought. Ten cross-document contradictions (mostly between the 2013 PDD and later verification/monitoring reports) and two outstanding corrective actions introduce moderate data-reliability concerns. Overall the project shows reasonable integrity for a hydro avoidance project, with the principal risk being climate-driven under-delivery in future periods.
Red Flags
- Verified emissions reductions (119,388 tCO2e) are only ~55% of the pro-rata expectation (218,634 tCO2e) for the 2021–2022 monitoring period, attributed to drought — a recurring climate risk for future crediting periods
- Baseline method is reported as 'jurisdictional' in the 2023 monitoring report but 'project' in the 2014 validation report, creating ambiguity about the baseline construction
- Two corrective actions remain open (SDG evidence and MR data parameters), indicating incomplete compliance documentation at the time of the 2023 verification
- Grid emission factor is from 2010; no evidence of an updated factor was found in the extracted record
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2015 | 106,033 | 106,033 | 0 | |
| 2016 | 139,685 | 54,685 | 85,000 | |
| 2017 | 73,086 | 23,086 | 50,000 | |
| 2018 | 171,718 | 150,000 | 21,718 | |
| 2019 | 417,656 | 417,306 | 350 | |
| 2020 | 360,584 | 318,726 | 41,858 | |
| 2021 | 87,243 | 35,696 | 51,547 | |
| Total | 1,356,005 | 1,105,532 | 250,473 |
Risk Indicators
VVB-confirmed investment test
Hydro avoidance – no reversal risk
0% with quantified justification
Jurisdictional but method contradicts 2014 validation report; grid EF from 2010
FPIC, grievance mechanism, and safeguards documented
CORSIA not eligible; CCP status not stated
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