Boviet Solar Technology LLC has announced the sale of 100 per cent of its US based subsidiary assets, Boviet NC, to INOX Solar Americas LLC. The transaction, valued at approximately $750 million, is expected to close this month, subject to customary regulatory approvals and conditions. Through this acquisition, Inox Clean will gain an operational 3 GW solar module manufacturing capacity utilising advanced N-Type technology.
The transaction further includes a binding agreement to acquire an additional 3 GW solar cell manufacturing facility based on advanced N-Type technology. This cell manufacturing facility is expected to be commissioned by December 2026. The transaction preserves Boviet Solar’s 3 GW annual solar module manufacturing capacity at its North Carolina facility while supporting future expansion.
Boviet Solar is a solar technology manufacturer of advanced monocrystalline PV cells and high-efficiency Gamma Series™ monofacial and Vega Series™ bifacial PV modules for residential, commercial, industrial, community, and utility-scale applications. The company was founded in 2013 and operates its US manufacturing facility in Greenville, North Carolina.
