[Solar: Inox Clean acquires Boviet Solar’s US manufacturing assets]

Published: May 19, 2026 17:36
India-based Inox Clean Energy has acquired Boviet Solar’s US PV manufacturing assets in a deal valued at around USD 750 million, marking its entry into the US solar manufacturing market. The deal includes 3GW of operating TOPCon module capacity and a binding agreement to acquire 3GW of TOPCon cell capacity expected online by December 2026. SMM believes the acquisition strengthens Inox’s US localization strategy while helping mitigate tariff and policy risks.

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