Peshqeshit HEPP 3
#156of 1935 in Renewable energy#3of 154 in Intl. Carbon Registry (ICR)#114of 1287 in ACM0002
Audit Analysis
Peshqeshit HEPP 3 is a run-of-river hydropower project in Albania with a solid additionality assessment (combined test, VVB-verified) and no reported reversal events. However, a significant discrepancy in verified emission reduction figures between the validation report (271,735) and the issuance document (369,410) raises data-reliability concerns, and several MRV parameters (FNRB, usage monitoring, CORSIA status) are not stated in the available documents.
Red Flags
- Verified ERR figure differs by ~36% between the validation report (271,735, 2025-10-24) and the issuance document (369,410, 2025-10-31), creating uncertainty about the true credit volume
- Baseline method is described as 'project-specific' in the verification report but 'jurisdictional' in the validation report, indicating inconsistent characterisation of the baseline approach
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2015 | 25,201 | 0 | 25,201 | |
| 2016 | 36,941 | 0 | 36,941 | |
| 2017 | 36,941 | 0 | 36,941 | |
| 2018 | 36,941 | 0 | 36,941 | |
| 2019 | 36,941 | 0 | 36,941 | |
| 2020 | 36,941 | 0 | 36,941 | |
| 2021 | 36,941 | 0 | 36,941 | |
| 2022 | 36,941 | 0 | 36,941 | |
| 2023 | 36,941 | 0 | 36,941 | |
| 2024 | 36,941 | 0 | 36,941 | |
| 2025 | 11,740 | 0 | 11,740 | |
| Total | 369,410 | 0 | 369,410 |
Risk Indicators
Combined test, VVB-verified
mixed evidence / unresolved risk
0% deemed negligible, reasonable for grid-fed HEPP
Project-specific, reassessment timing not stated
FPIC, grievance mechanism, benefit sharing documented
CORSIA and CCP status not stated
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