Uluabat Hydroelectric Power Plant
#1532of 1935 in Renewable energy#274of 295 in Turkey#1122of 1339 in Verra (VCS)#1169of 1287 in ACM0002
Audit Analysis
The Uluabat Hydroelectric project has a confirmed investment additionality test and documented safeguards, but is undermined by 12 material findings, 18 corrective actions, and 7 cross-document contradictions spanning the grid emission factor, baseline method, and verified ERR figures. The reversal risk is explicitly unaddressed and the crediting period appears to have lapsed, making the project's current credit validity uncertain.
Red Flags
- Seven contradictions across documents, including a 14% discrepancy in the grid emission factor (0.4929 in the PDD vs 0.562 in the monitoring report) and a direct conflict on baseline method (project-specific vs jurisdictional)
- Verified ERR figures conflict by a factor of three between two monitoring reports (364,122 tCO₂e vs 1,101,947 tCO₂e), making it impossible to confirm actual delivery
- Reversal events are explicitly marked as not addressed, and no buffer pool percentage is stated in any available document
- Twelve material findings and eighteen corrective actions remain open, including missing ERR calculation sheets, an incorrect additionality tool version, and no assessment of expected decrease in electricity generation
- The crediting period (2010-2020 per the verification report) has expired, and the validation report references a new period (2020-2030), indicating this is a renewal request with unresolved prior-period issues
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2010 | 377,375 | 377,375 | 0 | |
| 2012 | 173,286 | 129,746 | 43,540 | |
| 2013 | 177,457 | 177,457 | 0 | |
| 2014 | 72,786 | 72,786 | 0 | |
| 2015 | 326,209 | 298,129 | 28,080 | |
| 2016 | 156,000 | 107,715 | 48,285 | |
| 2017 | 34,239 | 10,098 | 24,141 | |
| 2018 | 35,761 | 35,272 | 489 | |
| 2019 | 100,000 | 63,883 | 36,117 | |
| 2020 | 5,399 | 5,399 | 0 | |
| Total | 1,458,512 | 1,277,860 | 180,652 |
Risk Indicators
Investment test VVB-confirmed
mixed evidence / unresolved risk
0% deduction, justification contradicted across docs
Project-specific, method contradicted in MR
FPIC, grievance mechanism, safeguards documented
CORSIA and CCP status not stated
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