Yazi 1.13 MW HEPP

Audit Analysis

The Yazi 1.13 MW hydro project in Turkey is a straightforward grid-connected renewable energy project with a jurisdictional baseline and VVB-confirmed investment additionality. The verified emissions reductions (19,113 tCO₂e) represent roughly 68% of the lifetime ex-ante estimate (28,252 tCO₂e), a shortfall consistent with hydro variability but indicating the original estimate was optimistic. Documentation is adequate but carries a medium extraction confidence and a notable number of editorial and analytical corrective actions.

Project Description

Red Flags

• ⚠Verified ERR (19,113 tCO₂e) is only ~68% of the lifetime ex-ante estimate (28,252 tCO₂e), suggesting the original project design overestimated generation; while explainable for hydro, it raises questions about the robustness of the ex-ante assumptions.
• ⚠No buffer pool percentage is stated in the extracted record, leaving permanence risk unquantified despite the absence of reversal events.
• ⚠Fourteen corrective actions were required, including substantive issues such as IRR analysis inconsistencies, barrier analysis weaknesses, and a gross generation mismatch in the March 2019 ER spreadsheet (CAR 06).
• ⚠FPIC was not conducted, which is a gap for a project operating in a community context in Turkey.

Credit Vintages