Yamanli III Hydoeletric Power Plant

Audit Analysis

The Yamanli III hydroelectric project is a fundamentally sound renewable energy credit with confirmed additionality, no reversal risk, and a conservative baseline that delivered 134% of the pro-rata ex-ante expectation. However, the project carries a heavy burden of documentation inconsistencies (20 corrective actions, 7 cross-document contradictions), a project-specific rather than jurisdictional baseline, and material findings that down-scored social and environmental indicators including ichthyofauna monitoring and population displacement.

Project Description

Red Flags

• ⚠Grid emission factor discrepancy of ~18% between the verification report (0.4476) and the monitoring report (0.547), which directly affects credit quantities
• ⚠Ichthyofauna indicator down-scored from 5 to 1 because fish monitoring was not scheduled, indicating an unaddressed environmental impact
• ⚠20 corrective actions remain open, including a requirement to apply a valid version of ACM0002 (v10 no longer valid) and to follow VVB rotation rules
• ⚠Baseline method contradicts between documents: project-specific (verification report) vs jurisdictional (validation report), weakening baseline robustness
• ⚠Population displacement indicator down-scored due to expropriation and compensation negotiations still in progress

Credit Vintages

No issuances recorded on the registry.