The company is expected to commission 1.1 GW in FY27, 2 GW in FY28, 2.95 GW in FY29 and another 1.75 GW in FY30, according to estimates by Axis Capital
Of the total storage projects executed during the quarter, 101.2 MWh was for TPREL's in-house portfolio, while 30 MWh was delivered for third-party projects
The capacity has been commissioned through ACME Greentech Seventh Private Limited, a wholly owned subsidiary of ACME Solar
Under the PPA, the project is required to provide four hours of peak-hour power with 90 per cent monthly availability, along with meeting a minimum annual capacity utilisation factor
According to the company, the transaction has reduced borrowing costs by about 150 basis points across the issuing SPVs
