Yalova Wind Power Plant Project

Audit Analysis

The Yalova Wind Power Plant is a Gold Standard wind project with VVB-confirmed additionality and smart-meter monitoring, delivering 148% of its pro-rata ex-ante expectation for the 2024 monitoring period. However, the project carries a heavy burden of 28 material findings and 28 corrective actions across multiple review cycles, seven cross-document contradictions, and a leakage justification that is explicitly marked as not addressed, all of which temper an otherwise sound renewable-energy credit.

Project Description

Red Flags

• ⚠Leakage deduction is 0% with the justification explicitly recorded as 'not addressed' in the November 2025 verification report, despite an earlier June 2025 verification report describing it as 'quantified' — an unresolved inconsistency in how leakage is treated.
• ⚠Seven cross-document contradictions were identified, including conflicting baseline method labels ('project' in the verification report vs. 'jurisdictional' in the monitoring report) and two different crediting-period windows, raising data-reliability concerns.
• ⚠Twenty-eight material findings were logged across validation and verification cycles, including construction not being completed at the time of validation, turbine-model mismatches between the PDD and site observations, and errors in the financial cash-flow analysis (interest payments, debt-repayment timing).
• ⚠Free, Prior and Informed Consent (FPIC) was not conducted, although a grievance mechanism and benefit-sharing arrangement are documented.

Credit Vintages