We report on a novel ternary bulk-heterojunction solar cell by implementing a novel conjugated polymer (ADV-2) containing alternating pyridyl[2,1,3]thiadiazole (PT) between two different donor fragments, dithienosilole (DTS) and indacenodithienothiophene (IDTT), into a host system of indacenodithieno[3,2-b]thiophene,2,3-bis(3-(octyloxy)phenyl)quinoxaline (PIDTTQ) and [6,6]-phenyl C71 butyric acid methyl ester (PC71BM). A clear absorption contribution in the near infrared (NIR) region leads to a power conversion efficiency (PCE) exceeding 4.6% in ternary device processed by doctor blading in air, fully avoiding any thermal treatment. Current-voltage (J-V) characteristics, external quantum efficiency (EQE) spectrum, charge extraction (CE) as well as photo-induced absorption (PIA) spectroscopy reveal the higher charge carrier generation in the ternary devices compared to the reference binary cells. Despite an enhancement of about 20% in the short circuit current density (Jsc), the lower fill factor (FF) achieved in PIDTTQ:ADV-2:PC71BM ternary system limits the solar cell performance. With the complementary use of photoinduced charge carrier extraction by linearly increasing voltage (photo-CELIV) and transient photovoltage (TPV) measurements, we found that the ternary cells suffer from a lower mobility-lifetime (µτ) product, adversely impacting the FF. However, the significant improvement of light harvesting in the NIR region, compensating the transport losses, results in an overall power conversion efficiency enhancement of ~7% for ternary blends as compared to the PIDTTQ: PC71BM devices.