Acquisition of Boviet Solar's U.S. PV Manufacturing Assets by Inox Clean

completed

Inox Clean Energy Ltd has acquired the North Carolina assets of Boviet Solar, adding 3 GW of operational TOPCon solar module manufacturing capacity in the U.S. The acquisition includes a binding agreement to acquire an additional 3 GW of TOPCon cell manufacturing capacity expected by December 2026. This transaction positions Inox Clean as a major Indian integrated renewable energy manufacturing platform in the U.S. and aligns with U.S. domestic manufacturing incentives.