The first reside photo voltaic power buying and selling mission has been launched in Delhi, spearheaded by Tata Power DDL and Australian tech agency Power Ledger
India’s speedy adoption of renewable power has been bolstered with the rollout of the primary reside photo voltaic power buying and selling mission in Delhi, spearheaded by Tata Power DDL, a number one energy distribution utility serving a populace of seven million in Delhi, and Australian expertise firm Power Ledger in collaboration with India Smart Grid Forum (ISGF).
The landmark mission involving Tata Power-DDL, a three way partnership between Tata Power India’s largest built-in energy firm, and the Government of NCT of Delhi, makes use of Power Ledger’s blockchain-enabled expertise to facilitate peer-to-peer (P2P) buying and selling of electrical energy from over 2 MW of photo voltaic PV between a number of shoppers in its license space of North Delhi – a part of the capital metropolis of India.
Under the mission, an finish complete of about 150 websites that embrace TPDDL’s areas in addition to their precise prospects with photo voltaic technology (prosumers) will probably be utilizing the platform to promote their extra power to different residential and industrial websites in a dynamic pricing atmosphere, with profit from P2P power trades.
Consumers can select which vendor (prosumer) to purchase electrical energy from, with Power Ledger’s blockchain audit path of power transactions offering near-time settlement and full transparency all through your entire course of.
This mission permits the event of an built-in ecosystem of grid-connected, distributed power assets together with EV Charging Stations and Battery Energy Storage Systems (BESS) that may straight take part within 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,” mentioned 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 complete P2P buying and selling trial that may proceed till June 2021 will take a look at out a number of buying and selling algorithms, together with dynamic buying and selling, which creates an power public sale pool for prosumers and shoppers. The trial may also embrace a complete report and supply suggestions to the regulator to contemplate a bespoke provision and buying and selling guidelines to advertise P2P buying and selling of electrical energy and speed up the expansion of rooftop photo voltaic within the state.
Ganesh Srinivasan, CEO, Tata Power-DDL, mentioned, “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 next 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 mission will incentivize prosumers by giving them entry to the market the place they will promote their surplus power. This will additional scale up adoption of grid-connected RTPV amongst prospects.
- National Strategy on Blockchain, MEITY: P2P Energy Trading Project brings revolutionary blockchain expertise 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” mentioned Reji Kumar Pillai, President – India Smart Grid Forum.