Saracbendi Hpp Run-Of-River Hydro Project
#320of 1935 in Renewable energy#6of 26 in Türkiye#161of 1339 in Verra (VCS)#242of 1287 in ACM0002
Audit Analysis
The Saracbendi run-of-river hydro project is a well-established avoidance-type renewable energy project with confirmed additionality and no material findings. However, significant contradictions across documents—particularly in verified emission reductions (64,923 vs 176,224 tCO2e), grid emission factor (0.4616 vs 0.5491), and baseline method (project-specific vs jurisdictional)—introduce meaningful uncertainty into the credit quantity and baseline validity. The project's avoidance nature and explicit CORSIA exclusion reduce over-crediting risk, but the data inconsistencies warrant caution.
Red Flags
- Verified ERR discrepancy of 2.7× between the monitoring report (64,923 tCO2e) and the verification report (176,224 tCO2e) for the same period, with no clear explanation in the extracted record
- Baseline method contradiction: the 2023 verification report states a project-specific baseline while the monitoring report references a jurisdictional baseline, creating ambiguity about which methodology underpins the credits
- Grid emission factor differs by ~19% between documents (0.4616 in the monitoring report vs 0.5491 in the verification report), directly affecting the calculated avoidance quantity
- No lifetime ex-ante emission reduction estimate found in the extracted record, preventing a pro-rata delivery check against the crediting period
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2011 | 14,707 | 14,707 | 0 | |
| 2012 | 31,197 | 509 | 30,688 | |
| 2013 | 41,482 | 37,889 | 3,593 | |
| 2014 | 16,181 | 0 | 16,181 | |
| 2015 | 38,876 | 0 | 38,876 | |
| 2016 | 37,508 | 0 | 37,508 | |
| 2017 | 22,702 | 0 | 22,702 | |
| 2018 | 24,853 | 0 | 24,853 | |
| 2019 | 35,136 | 0 | 35,136 | |
| 2020 | 32,702 | 32,702 | 0 | |
| 2021 | 12,963 | 12,963 | 0 | |
| 2022 | 16,633 | 16,633 | 0 | |
| Total | 324,940 | 115,403 | 209,537 |
Risk Indicators
Investment test confirmed by VVB
Avoidance project, no reversal risk
0% deduction, deemed negligible; prior quantified approach abandoned
Project-specific baseline; method contradicted in monitoring report
FPIC, grievance mechanism, benefit sharing documented
CORSIA not eligible; CCP status not stated
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