Sares 22.5 MW Wind Power Plant

Audit Analysis

The Sares 22.5 MW wind project in Turkey is a fundamentally sound avoidance-type renewable energy credit with VVB-confirmed additionality and no inherent reversal risk. However, the project record is marred by numerous material findings across multiple verification cycles, a significant FPIC contradiction between documents, and low extraction confidence, which collectively erode confidence in the data quality and documentation trail. The project is CORSIA-eligible and uses a conservative 2024 grid emission factor, but the absence of verified ERR figures and unresolved PDD calculation discrepancies introduce moderate over-crediting risk.

Project Description

Red Flags

• ⚠FPIC status contradicts between the 2017 monitoring report (conducted) and the 2023 PDD (not conducted) — a material safeguard inconsistency
• ⚠The 2024 verification report flagged that the ex-ante PDD calculation is incorrect and that the difference between actual and estimated reductions for the 3rd monitoring period was not explained
• ⚠Multiple monitoring report data quality errors: net electricity figures not updated for the correct period, calculations not corresponding to the 3rd monitoring period, and grid emission factor omitted from the required MR section
• ⚠LSC process deficiencies: no female participants, invitations sent only one week before the meeting, and missing mitigation measures for wastewater and soil
• ⚠Total verified ERR is not available in the extracted record, preventing independent cross-check of claimed reductions

Credit Vintages