Sanibey Dam And Hydroelectric Power Plant
#277of 1935 in Renewable energy#5of 26 in Türkiye#134of 1339 in Verra (VCS)#206of 1287 in ACM0002
Audit Analysis
The Sanibey hydroelectric project in Türkiye is a registered VCS avoidance project with a solid investment-test additionality assessment verified by RINA Services, and no reversal events. However, the verification report carries seven material findings and thirteen corrective actions (mostly documentation-quality issues), and a contradiction between the verification report and monitoring report on baseline method (project-specific vs. jurisdictional) introduces uncertainty. CORSIA and CCP eligibility are not stated in the available record, leaving dual-channel risk unassessed.
Red Flags
- Seven material findings and thirteen corrective actions logged in the 2024 verification report, including inconsistent net electricity generation values and missing audit history table
- Baseline method contradiction: the 2024 verification report states a project-specific baseline while the 2024 monitoring report references a jurisdictional baseline
- CORSIA eligibility and CCP approval status are not stated in any available document, leaving dual-channel crediting risk unassessed
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2010 | 936,348 | 837,920 | 98,428 | |
| 2012 | 230,753 | 230,753 | 0 | |
| 2013 | 383,952 | 383,952 | 0 | |
| 2014 | 269,115 | 150,191 | 118,924 | |
| 2015 | 572,720 | 0 | 572,720 | |
| 2016 | 353,741 | 0 | 353,741 | |
| 2017 | 380,281 | 0 | 380,281 | |
| 2018 | 439,976 | 0 | 439,976 | |
| 2019 | 609,312 | 0 | 609,312 | |
| 2020 | 518,653 | 0 | 518,653 | |
| 2021 | 271,702 | 100,000 | 171,702 | |
| 2022 | 346,536 | 0 | 346,536 | |
| 2023 | 254,735 | 0 | 254,735 | |
| Total | 5,567,824 | 1,702,816 | 3,865,008 |
Risk Indicators
Investment test, VVB-verified
No reversals
0% deduction, justified for grid-displacing hydro
Project-specific; VR/MR contradiction on method
FPIC, grievance mechanism, safeguards documented
CORSIA and CCP status not stated
Where to buy
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