Tata Power DDL Launches Live P2P Solar Energy Trading Pilot in Delhi

Tata Power DDL Launches Live P2P Solar Energy Trading Pilot in Delhi

The first live solar energy trading project has been launched in Delhi, spearheaded by Tata Power DDL and Australian tech firm Power Ledger

India’s rapid adoption of renewable energy has been bolstered with the rollout of the first live solar energy trading project in Delhi, spearheaded by Tata Power DDL, a leading power distribution utility serving a populace of 7 million in Delhi, and Australian technology company Power Ledger in collaboration with India Smart Grid Forum (ISGF).

The landmark project involving Tata Power-DDL, a joint venture between Tata Power India’s largest integrated power company, and the Government of NCT of Delhi, uses Power Ledger’s blockchain-enabled technology to facilitate peer-to-peer (P2P) trading of electricity from over 2 MW of solar PV between multiple consumers in its license area of North Delhi – part of the capital city of India.

Under the project, an end total of about 150 sites that include TPDDL’s locations as well as their actual customers with solar generation (prosumers) will be using the platform to sell their excess energy to other residential and commercial sites in a dynamic pricing environment, with benefit from P2P energy trades.

Consumers can choose which seller (prosumer) to buy electricity from, with Power Ledger’s blockchain audit trail of energy transactions providing near-time settlement and complete transparency throughout the entire process.

This project enables the development of an integrated ecosystem of grid-connected, distributed energy resources including EV Charging Stations and Battery Energy Storage Systems (BESS) that can directly participate in the P2P Marketplace.

“India is on a fast-track to a greener power mix with aggressive renewable energy targets that include 100 GW of solar energy, of which 40 GW is to come from rooftop solar,” said Power Ledger Co-Founder and Chairman Dr. Jemma Green. “Power Ledger’s partnership with ISGF and a major energy provider like Tata Power-DDL is a major milestone in advancing these ambitious targets and introducing the concept of energy trading to the world’s second-biggest city,” she added.

The comprehensive P2P trading trial that will continue until June 2021 will test out several trading algorithms, including dynamic trading, which creates an energy auction pool for prosumers and consumers. The trial will also include a comprehensive report and provide recommendations to the regulator to consider a bespoke provision and trading rules to promote P2P trading of electricity and accelerate the growth of rooftop solar in the state.

Ganesh Srinivasan, CEO, Tata Power-DDL, said, “Tata Power-DDL is focused towards building a ‘Utility of the Future’ and transforming the power distribution space through innovative green technologies, collaborations and initiatives. It is always looking at how it can increase the services it can offer to its consumers. Today, with growing rooftop solar power being available, we believe that peer-to-peer solar power trading can offer customers the flexibility to buy green power from those who have solar power in excess of their own consumption. We are happy to join hands with Power Ledger and ISGF for this first-of-its-kind P2P pilot in the capital city. I believe it will not only pave the way for faster adoption of solar energy trading but will also empower our consumers to become prosumers.”

This Project is aligned with the following International/National initiatives:

  • International Solar Alliance: ‘To scale up solar energy, reduce the cost of solar power generation through the aggregation of demand for solar finance, technologies, innovation, research and development, and capacity building’. This project will incentivize prosumers by giving them access to the market where they can sell their surplus energy. This will further scale up adoption of grid-connected RTPV among customers.
  • National Strategy on Blockchain, MEITY: P2P Energy Trading Project brings revolutionary blockchain technology to the Indian Power Sector.

“India is about to delicense power distribution business and make open access to retail customers enabling them to buy electricity from anybody from anywhere. In that scenario, the blockchain platform for P2P trading of electricity will be a perfect game-changer for the clean energy revolution in the country. We have already done another successful pilot project in Uttar Pradesh. The results of these two projects should instill confidence in the regulators to draw appropriate regulations for scaling up of P2P trading of electricity in India” said Reji Kumar Pillai, President – India Smart Grid Forum.

"Want to be featured here or have news to share? Write to info[at]saurenergy.com

Ayush Verma

Ayush is a staff writer at saurenergy.com and writes on renewable energy with a special focus on solar and wind. Prior to this, as an engineering graduate trying to find his niche in the energy journalism segment, he worked as a correspondent for iamrenew.com.

      SUBSCRIBE NEWS LETTER
Scroll