The C&I solar developer says its operating PPA portfolio will cross 100 MW by Q2 FY27, driven by demand from textile, auto-component, and IT real-estate clients.
Mumbai — Powermore, the commercial and industrial solar developer, said its operating PPA portfolio is on track to cross 100 MW by the second quarter of FY27. The company currently has roughly 78 MW operational, with another 24 MW under construction across six states.
The bulk of the new pipeline sits in three end-use categories: textile manufacturing in Gujarat and Tamil Nadu, auto-component suppliers in Pune and Chennai, and Grade-A office parks in Bengaluru, Hyderabad, and Gurgaon. The company structures most projects as 15-to-25-year third-party-owned PPAs, with tariffs starting between ₹3.80 and ₹4.50 per unit and 0-to-3% annual escalation.
Cumulative client savings across the Powermore portfolio to date exceed ₹68 crore. The company estimates lifetime CO₂ offset across its commissioned plants at approximately 1.4 million tonnes.
Powermore funds its PPA portfolio through a mix of internal accruals and structured debt from domestic infrastructure lenders. The company maintains in-house EPC capability and a dedicated O&M team that handles each plant for the full PPA tenure, a model the firm says insulates customers from generation underperformance.
Industry analysts cited in the report note that distributed C&I PPAs remain a fragmented space dominated by a handful of disciplined developers, with Powermore among those scaling deliberately rather than aggressively chasing megawatts.
“We grow at the pace where we can still personally walk every site. That ceiling is roughly 30 MW a year, and we are comfortable with it.”
