This article was first published on Power Ledger - Medium
Tata Power-DDL rolls out live peer-to-peer (P2P) solar energy trading, a first-of-its-kind pilot project in Delhi
Project brings live solar energy trading to Indian capital.
- The project will bolster India’s rapid adoption of renewable energy; powered by Power Ledger and India Smart Grid Forum (ISGF).
- Power Ledger’s blockchain-enabled technology facilitates peer-to-peer (P2P) trading of solar power from over 2MW of solar PV systems. The first pilot of its kind in Delhi currently in progress between 65 prosumers and 75 consumer sites in the capital — 140 buildings and counting.
- The full-scale P2P trading trial will test out various trading logics and continue until June 2021, with recommendations provided to the Regulator.
Delhi, India & Perth, Australia — March 03, 2021: 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 ...
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Power Ledger - Medium