Tata Power Delhi Distribution and Australian tech firm Power Ledger on Wednesday announced the launch of the first live peer-to-peer solar energy trading project in Delhi.
Tata Power DDL and Power Ledger in collaboration with India Smart Grid Forum (ISGF) have rolled out live peer-to-peer (P2P) solar energy trading, a first-of-its-kind pilot project in Delhi, a statement said.
Tata Power Delhi Distribution (TPDDL), a joint venture between Tata Power and the government of NCT of Delhi, is a power distribution utility serving a population of 7 million in Delhi.
This project, announced during India Smart Utility Week, is a major milestone in advancing India’s ambitious renewable energy targets, while introducing the concept of energy trading to the world’s second-biggest city, the statement 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,” Tata Power-DDL CEO Ganesh Srinivasan said.
Srinivasan further noted that “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.”