Inox Clean says it is acquiring solar manufacturing assets in the United States from Boviet Solar for $750 million. Multiple reports state that the deal includes operational capacity for solar modules totaling 3 gigawatts (GW). PV Magazine and Business Standard describe the module manufacturing capability as TOPCon-based and located in the U.S., and they characterize the purchase as expanding Inox Clean’s domestic manufacturing footprint. The Hindu adds that, beyond the operational module capacity, Inox Clean also enters into arrangements related to cell manufacturing. It reports that Inox Clean gains a binding agreement to acquire an additional 3 GW of cell manufacturing capacity, complementing the 3 GW module capacity already obtained. Together, the coverage indicates that the transaction strengthens Inox Clean’s manufacturing scale across both modules and cells and positions the company to meet growing demand for renewable energy. The reports also frame the acquisition in the context of U.S. manufacturing initiatives, including “Make in America, For America,” though details of financing terms and final timelines are not provided in the excerpts.
Inox Clean to acquire U.S. solar manufacturing capacity from Boviet Solar for $750 million
Inox Clean says it is acquiring solar manufacturing assets in the United States from Boviet Solar for $750 million. Multiple reports state that the deal includes operational capacity for solar modules...
- Inox Clean is acquiring U.S. solar manufacturing assets from Boviet Solar for $750 million.
- The deal provides operational solar module manufacturing capacity totaling 3 GW in the United States.
- PV Magazine and Business Standard describe the module manufacturing capability as TOPCon.
- Inox Clean also has a binding agreement to acquire 3 GW of solar cell manufacturing capacity.
- The transaction is reported in the context of increasing domestic renewable energy and U.S. manufacturing initiatives.
Through this million asset purchase, Inox Clean acquires 3 GW of operational TOPCon solar module manufacturing capacity in the United States, aligning with the “Make in America, For America” initiative.
3 months agoInox Clean has gained an operational capacity of 3 GW of solar module manufacturing and a binding agreement to acquire 3 GW of cell manufacturing capacity
3 months agoAcquisition gives Inox Clean 3 GW each of module and cell manufacturing capacity in the US amid rising demand for renewable energy
3 months ago
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