- Power Ledger has partnered with leading Indian electricity company Tata Power and Smart Grid Forum.
- The partnership is based on solar energy trading projects that will go live in Delhi.
- The project will increase the renewable energy use case within the Indian community.
Australia-based firm Power Ledger has partnered with India’s biggest power supply firm Tata Power and Smart Grid Forum. The partnership aims to provide blockchain-enabled solar energy trading in the country.
In addition, the project hopes to boost renewable energy use cases in India and its extended sphere. Also, the solar energy project will enable energy resources like EV charging stations, battery energy storage systems, etc., for retail trading.
Notably, this will be the first Indian blockchain-enabled solar energy trading project with Power Ledger. The project will be based in Delhi.
In addition, there will be a peer-to-peer (P2P) power trading test across the country. However, the trading test will run only until June 2021. In fact, the test gives easy-to-grasp rules that guide solar energy trading. Also, after the test, Power Ledger will fully connect Tata Power on its platform to start trading.
Power Ledger Co-Founder Dr. Jemma Green said,
India is on a fast-track to a greener power mix with aggressive renewable energy targets that include 100GW of solar energy, of which 40GW is to come from rooftop solar.
With this partnership, at least 150 power stations including Tata Power will use the platform to trade their excess energy to others.