The sites
Four sites, one cluster.
Serchhip and Champhai — 208 acres on a 30-year lease, run as a single portfolio.
Grid-ready
State-funded evacuation.
Every megawatt carried cleanly from site to grid.
Teraspike is developing a utility-scale solar and battery storage project in Mizoram, designed around long-term contracted revenue, clean power generation, and institutional-grade project discipline.
Teraspike develops utility-scale solar infrastructure supported by battery storage. The first platform is a 52 MWp project across four sites in Mizoram, structured around long-term contracted revenue, disciplined execution, and measurable local value.
The 25-year Power Purchase Agreement fixes the tariff at ₹4.75/kWh, creating long-term revenue visibility and reducing exposure to merchant power-price volatility.
State-supported power evacuation reduces a major infrastructure burden and helps lower right-of-way and interconnection risk.
The project supports clean generation, storage-backed grid resilience, long-term lease income for local Village Councils, and skilled employment through construction and operations.
Solar generation is increasingly cost-competitive, but grid value depends on reliability, dispatch support, and contract structure. Teraspike combines generation, storage, and long-term offtake to create a more bankable clean-energy asset.
India's Northeast remains underdeveloped in renewable infrastructure despite strong clean-energy potential. Teraspike starts with Mizoram and is designed as a repeatable solar-plus-storage platform for the region.
Three fundamentals support the investment case.
Serchhip and Champhai — 208 acres on a 30-year lease, run as a single portfolio.
Every megawatt carried cleanly from site to grid.
Project Sites are structured as one portfolio for procurement efficiency, common financing, unified operations, and coordinated battery-supported grid delivery.
Three sites are located in Serchhip, with South Khawbung positioned approximately 100 km east in Champhai. Each site has its own access, terrain, and grid considerations, while procurement, financing, and operations are managed as a single portfolio.
High-efficiency solar modules generate clean electricity, while the lithium-iron-phosphate battery system supports peak delivery, ramp control, and smoother grid integration through state-supported evacuation infrastructure.
52 MWp · ALMM modules
5.2 MW / 20.8 MWh
Funded by Mizoram
~75,000 homes
Each site is integrated with SCADA and energy-management systems that coordinate solar generation, battery operations, and grid scheduling. Performance is monitored continuously, with preventive maintenance planned across the asset life.
A coordinated solar-plus-storage infrastructure platform.
20.8 MWh of four-hour LFP storage carries output into Mizoram's evening peak.
Lender- and grid-code-grade substation, metering and controls.
The 5.2 MW / 20.8 MWh lithium-iron-phosphate system charges during solar-generation hours and dispatches during selected peak-demand periods.
Indicative operating view. The battery is sized at 10% of solar capacity to support peak delivery, ramp control, and limited evening firming. It is not designed as full round-the-clock supply.
Four sites across Serchhip and Champhai, executed on a defined 16–18 month path — ALMM modules, hot-dip-galvanised mounting and a four-hour LFP battery, all on land leased for 30 years.
State-funded evacuation carries every megawatt to the grid, while 20.8 MWh of storage shifts midday solar into Mizoram's winter-evening peak — firmer, more dispatchable power.
A fixed ₹4.75/kWh tariff for 25 years turns sunlight into contracted, inflation-resilient cash flow — Year-1 revenue of ₹38.95 cr, ~₹917 cr contracted over the life of the PPA.
Teraspike's model is built around a fixed ₹4.75/kWh tariff under a 25-year PPA. The spread between contracted revenue and levelised cost supports the project's return profile.
₹ per kWh. Teraspike's contracted tariff compared with selected market benchmarks.
₹ crore. Indicative valuation approaches at commercial operation.
Indicative COD-stage equity value range. Enterprise value modelled at ₹255.7 crore using an 11.7% WACC, with project NPV of ₹57.1 crore. For discussion only.
A ₹4.75/kWh contracted tariff against an estimated ₹3.85/kWh levelised cost supports long-term cash flow visibility and debt-service coverage.
Levered equity IRR
Project IRR
Minimum DSCR over the loan
Enterprise value (DCF)
Pre-tax base case as reflected in the financial model. Indicative post-tax view assumes corporate tax impact, partly offset by accelerated depreciation.
₹199 crore · 70:30 debt-equity structure
16–18 months
~82 MU / yr
₹917 cr / 25 yr
27.6% equity IRR
Equity value is expected to increase as the project moves through key milestones including PPA execution, land documentation, financial close, construction, and commercial operation.
Indicative equity value in ₹ crore. COD-stage equity value modelled at ₹82–117 crore. Figures are for discussion only and do not constitute an offer.
Across four sites in Serchhip and Champhai, a 25-year PPA turns each sunrise into contracted, inflation-resilient cash flow.
Beyond investor returns, the project supports Mizoram's clean-energy capacity, grid resilience, local lease income, and long-term employment.
Indicative homes-equivalent served
Estimated annual CO₂ avoided
Lease income term for Village Councils
Clean capacity added to the State grid
Teraspike maintains an ESG register covering community consultation, labour compliance, biodiversity screening, battery recycling and disposal, fire safety, emergency response, and grievance redressal.
Throughout development and operations, Teraspike works with State and local authorities because long-term infrastructure depends on long-term relationships.
Designed around the technical, legal, financial, and operational standards required by lenders, insurers, and grid stakeholders.
Approved-list modules and cells aligned with MNRE requirements
Grid-scale battery safety and system standards
Battery fire-propagation testing standard
LVRT/HVRT, protection, and grid-code compliance
Main and check metering at the delivery point
Independent P50/P90 energy-yield assessment
Independent technical and legal review
Construction, operational, and business-interruption insurance
Teraspike's development sequence prioritises the diligence items that determine whether the project is financeable: offtake security, grid absorption, land title, and verified generation yield.
Letter of credit, escrow or tripartite arrangements, and State payment support behind the offtake.
Written STU/SLDC confirmation covering evacuation route, grid absorption, and curtailment risk.
Legal review of tenure, title, and mortgageability across the allotted land.
Independent P50/P90 generation assessment prior to financial close.
Disciplined, grid-ready execution from development to COD.
Hands-on across all four Mizoram sites.
Teraspike Power LLP is a renewable-energy developer focused on solar-plus-storage infrastructure in India's Northeast. The first project begins in Mizoram and is structured as a repeatable regional platform.
Review the key development and construction phases.
Site survey, solar-resource assessment, topo/geotech, layout and BESS-sizing validation.
PPA finalisation, land-lease documentation, clearances and debt sanction.
EPC/OEM bids, module, inverter and BESS selection, procurement contracts.
Access roads, fencing, grading, drainage, foundations and mounting-structure erection.
Module installation, DC/AC cabling, inverters, transformers and HT switchyard.
Battery containers, power-conversion system, EMS/BMS, HVAC and fire protection.
String, relay and SCADA tests, plant controller, metering and BESS charge/discharge.
Trial run, synchronisation, performance-ratio test and commercial-operation declaration.
Performance monitoring, punch-list closure and operations-and-maintenance mobilisation.
To build a leading solar-plus-storage platform in India's Northeast, combining contracted renewable assets, disciplined engineering, and long-term community alignment.
The 52 MWp Mizoram project is the first platform. The same approach — solar plus storage, bankable contract structure, and local partnership — can be replicated across underdeveloped clean-energy markets in the region.
Teraspike expects to engage engineering, operations, community-relations, EPC, OEM, and financing partners as the project advances. Interested partners can contact the team below.
Clear answers for investors, lenders, government stakeholders, and strategic partners.
Teraspike is developing a 52 MWp grid-connected, ground-mounted solar PV portfolio across four sites in Mizoram, supported by a 5.2 MW / 20.8 MWh four-hour lithium-iron-phosphate battery system. Power is structured to be sold under a 25-year Power Purchase Agreement at a fixed ₹4.75/kWh tariff.
The ₹4.75/kWh tariff is central to the project's economics. Against an estimated levelised cost of approximately ₹3.85/kWh and selected solar-plus-storage benchmarks in the ₹3.32–4.30/kWh range, the fixed tariff supports long-term margin visibility, debt-service coverage, and equity returns.
No. The battery is sized at 10% of solar capacity and can deliver 5.2 MW for four hours. It supports peak delivery, ramp control, grid smoothing, and limited evening firming, but it does not convert the full 52 MWp solar project into round-the-clock firm supply. True 24/7 firm power would require materially larger storage or hybridisation.
The current model assumes a 70:30 debt-to-equity structure, with approximately ₹139 crore of term debt at 9% over 15 years and approximately ₹60 crore of equity against a base project cost of ₹198.6 crore, or approximately ₹213 crore under the corrected BESS case. The pre-tax base case shows a project IRR of 15.93%, a levered equity IRR of 27.58%, and a minimum DSCR of 1.68×. Post-tax returns are indicative and subject to final diligence.
Bankability depends on four key diligence areas: payment security behind the offtaker, grid absorption and evacuation route, clean and mortgageable land title, and independently verified energy yield. Teraspike's development approach is to resolve these items before committing major project capital.
The target is commercial operation within 16–18 months of financial close, across nine phases from final DPR through procurement, civil works, solar and battery installation, testing and grid synchronisation. State-provided evacuation is the critical-path item, and the monsoon season shapes the civil-works window.
It adds 52 MW of clean capacity to the State grid, brings storage that supports the evening peak, creates construction and long-term operations jobs, and pays three decades of lease income to local Village Councils, all under an ESG framework built with State and local authorities.
Project Sites are allotted and the platform is in active development, working the PPA, land documents and financing toward financial close. If you're an investor, an EPC or OEM partner, a financier, or with the government, the quickest path is to start a conversation below and we'll send the detailed materials that fit.
From construction through commissioning on a defined 16–18 month path — here for the communities it serves.
Teraspike is open to conversations with investors, lenders, government stakeholders, EPC/OEM partners, carbon-credit buyers, and strategic infrastructure partners.
Financial model, investor materials, and data room access
invest@teraspike.inProject coordination, permitting, and local partnership
projects@teraspike.inProcurement, construction, technology, and capital partnerships
partnerships@teraspike.inMedia, general enquiries, and corporate communication
hello@teraspike.in