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.
Jónapelem quote
Planning solar panels or home battery storage?
jonapelem.hu helps with complete solar, hybrid inverter and battery storage systems in Hungary, from planning to installation.
Source: Indian clean energy company Inox in talks to acquire Boviet Solar — Solar Power World· Based on source, with AI-assisted rewriting.
Related articles
Fossil Fuels Are Fading: The Energy Transition Accelerates
Fossil fuels are losing ground globally as solar, wind, and electric mobility surge ahead. The energy transition is no longer a distant prospect — it is reshaping power markets, transport, and household energy choices right now.
EU to ban high-risk inverters from solar projects with public funding
The European Commission is moving to exclude inverters from so-called high-risk suppliers — predominantly Chinese manufacturers — from all EU-funded energy projects. The decision is driven by cybersecurity concerns over potential interference with power grids and critical infrastructure. Ongoing projects may still qualify for EU funding if registered by 1 May and submitted for a decision by 1 November.
US Court Blocks Trump Orders Hampering Solar and Wind Projects
A Massachusetts federal judge has issued a preliminary injunction halting five Trump administration orders that were obstructing solar and wind energy development under federal oversight. The ruling is a significant win for the US renewable energy sector.
Spain's solar curtailment tops 3.8% — worst in Badajoz at 37%
Spain's average PV curtailment rate stands at 3.83%, but in Badajoz province it surpasses 37%, according to a nine-month analysis by Circe, a nonprofit research center founded by the University of Zaragoza. Grid constraints, system security, and market oversupply are identified as the three key drivers.
Comments
0 commentsBe the first to comment.