Solar28/04/2026, 07:01

Inox Clean Energy in talks to acquire Boviet Solar

India-based Inox Clean Energy is in talks to acquire Boviet Solar from Chinese parent company Ningbo Boway Alloy Material. The deal would transfer 100% ownership to INOX Solar Americas, the U.S. arm of Inox. This move signals growing Indian ambition in the global solar panel market.

What does it mean at home?

If the topic touches solar panels, storage, inverters or home EV charging, the right answer depends on consumption, roof area, orientation and future expansion together.

Indiai cég veheti meg a Boviet Solar napelemmárkát

Boviet Solar, a solar panel brand currently owned by Chinese materials firm Ningbo Boway Alloy Material, could soon be under Indian ownership. Ningbo Boway announced plans to sell 100% of Boviet Solar to INOX Solar Americas, the U.S.-based division of India's Inox Clean Energy.

The board of directors of Ningbo Boway unanimously approved the proposal in April 2025, signalling a clear shift in the Chinese company's strategy away from the solar panel manufacturing segment.

Inox Clean Energy is one of India's prominent renewable energy developers, active in both wind and solar projects. Through its American subsidiary INOX Solar Americas, the company is now positioning itself for significant expansion into the North American solar supply chain.

If the acquisition is completed, it would mark a notable example of Indian companies stepping into a solar market traditionally dominated by Chinese manufacturers. Financial terms and a closing timeline have not yet been disclosed publicly.

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Source: Indian clean energy company Inox in talks to acquire Boviet Solar - Solar Power World· Based on source, with AI-assisted rewriting.

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