Tata Power DDL Rolls Out Delhi’s First Live P2P Solar Energy Trading Project

Tata Power DDL - a joint venture between Tata Power India’s largest integrated power company, and the Government of NCT of Delhi - and Australian technology company Power Ledger in collaboration with India Smart Grid Forum (ISGF) has announced the rollout of the first live solar energy trading project, a first-of-its-kind pilot project in Delhi.

The project will use 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/prosumers in its license area of North Delhi. It will be the decision of the consumers to choose which seller (prosumer) to buy electricity from.

Commenting on the initiative, Mr. 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. 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 a faster adoption of solar energy trading but will also empower our consumers to become prosumers, he further added.

A total of 150 sites, including TPDDL locations and their actual solar generation customers, will use the platform to sell their surplus energy to other residential and commercial sites in a competitive pricing environment, benefiting from P2P energy trades.

An integrated ecosystem of grid-connected, distributed energy resources including EV Charging Stations and Battery Energy Storage Systems will be developed to directly participate in the P2P Marketplace. Further, it will test out several trading algorithms, including dynamic trading. Reports will be prepared, which can further boost rooftop solar in the coming time.