Inox Clean Buys Boviet Solar’s 3-GW NC Plant

• Inox Clean Energy snaps up Boviet Solar’s U.S. assets in a $750M deal—adding a 3GW North Carolina module factory and boosting America-made solar supply-chain capacity.

Inox Clean Energy Ltd said it has acquired the U.S. assets of Vietnam-based solar panel and cells maker Boviet Solar Technology Co. The deal is valued at about $750 million (EUR 644.4 million), the company said.

Inox Clean will buy Boviet’s module factory in North Carolina with an annual capacity of 3 gigawatts. The acquisition adds U.S. manufacturing capability for Inox Clean as it expands its presence in the solar supply chain.

What does Inox Clean’s $750m acquisition of Boviet’s U.S. solar assets add?

• A $750 million footprint in the U.S. solar value chain through the purchase of Boviet’s U.S. assets
  
• New U.S. module manufacturing capacity, anchored by Boviet’s North Carolina factory (3 GW annual capacity)
  
• Greater vertical integration for Inox Clean, strengthening control over where solar modules are produced and supplied
  
• Increased ability to serve U.S. customers with locally manufactured products, supporting faster delivery and potentially better alignment with domestic procurement requirements
  
• Enhanced supply-chain resilience by reducing reliance on overseas manufacturing during periods of trade or logistics disruption
• Expanded production scale, helping Inox Clean to ramp output as demand grows in the U.S. market
  
• Broader commercial reach in the U.S., including stronger positioning with distributors, installers, and project developers that prioritize supply certainty
• A platform for further growth and process know-how transfer, building manufacturing know-how within the U.S. operations ecosystem