Economic Times4/23/2026BusinessIndia
Inox Clean Energy eyes $750M Boviet Solar buy to enter US market
Indian renewable energy firm plans to acquire US-based solar equipment maker to expand footprint in American solar market
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- Indian renewable energy firm Inox Clean Energy plans to acquire US-based Boviet Solar for approximately $750 million (around 7,000 crore).
- The deal aims to establish the Noida-based company's presence in the US residential, commercial and industrial solar installation market.
- Boviet Solar, headquartered in San Jose, California, is among the top 10 solar equipment makers in the US and is owned by Chinese group Ningbo Boway Alloy Material, which announced a strategic review of its US business two months ago citing trade and policy challenges.
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Indian renewable energy firm Inox Clean Energy plans to acquire US-based Boviet Solar for approximately $750 million (around 7,000 crore). The deal aims to establish the Noida-based company's presence in the US residential, commercial and industrial solar installation market. Boviet Solar, headquartered in San Jose, California, is among the top 10 solar equipment makers in the US and is owned by Chinese group Ningbo Boway Alloy Material, which announced a strategic review of its US business two months ago citing trade and policy challenges.
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This article was originally published by Economic Times.
