Inox Clean Energy Acquires Boviet Solar Technology’s US Solar Module Business

April 29, 2026

Inox Clean Energy, through its wholly owned subsidiary Inox Solar Americas, acquired 100% of Boviet Solar Technology (North Carolina) for about US$750 million. The deal adds 3 GW of operational US solar module manufacturing capacity in Greenville, North Carolina, and includes a binding agreement for an additional 3 GW of solar cell manufacturing expected to be operational by December 2026.

Buyers
Inox Clean Energy, Inox Solar Americas
Targets
Boviet Solar Technology (North Carolina), Boviet Solar Technology
Sellers
Ningbo Boway Alloy Material
Platforms
Inox Solar Americas
Industry
Renewable Energy
Location
North Carolina, United States
Transaction Type
Buyout

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