Boviet Solar
Boviet Solar is a TopCon N-Type photovoltaic module manufacturer producing high-efficiency solar modules for utility-scale, commercial, community solar, and government buyers. The company operated US manufacturing in Greenville, North Carolina, plus Vietnam production, before divesting US assets to Inox Clean Energy in May 2026 for ~$750 million.
- Company typePrivate
- Founded2013
- HeadquartersSan Jose, United States
- Headcount501–1,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Boviet Solar does
Boviet Solar is a solar photovoltaic module manufacturer specializing in high-efficiency TopCon (Tunnel Oxide Passivated Contact) N-Type cell and module technology. The company operated a 3 GW module assembly facility in Greenville, North Carolina, and was constructing an adjacent 3 GW cell manufacturing facility expected to reach mass production in late 2026 to form a vertically integrated US manufacturing hub. Additional module manufacturing capacity was based in Vietnam. Products targeted utility-scale solar developers, community solar operators, commercial/industrial and residential installers, government buyers, and environmental remediation projects on landfills, brownfields, and Superfund sites.
The company's business model is B2B direct enterprise sales of PV hardware (modules and, once online, cells) to project developers, utilities, government entities, and community solar program operators, with revenue generated from one-time hardware sales rather than subscriptions or services. US-domiciled production positioned the company to capture Section 45X tax credits and meet Buy American / domestic-content requirements for federal, state, and local government installations, while Vietnam operations provided overseas manufacturing flexibility. Boviet Solar was ranked among the top 10 US solar equipment makers and maintained Bloomberg NEF Tier 1 status continuously since 2017, Wood Mackenzie Grade A in H1 2025, and ranked 8th in Sinovoltaics' 2025 Global PV Module Financial Bankability Report.
Boviet Solar Technology Co., Ltd. was a subsidiary of Chinese diversified industrial group Ningbo Boway Alloy Material Co., Ltd., which is listed on the Shanghai Stock Exchange. In May 2026, Inox Clean Energy (backed by India's INOX Group) acquired 100% of Boviet Solar's US manufacturing assets for approximately $750 million, a transaction driven by US Foreign Entity of Concern (FEOC) regulatory scrutiny of China-linked solar manufacturers. Post-divestiture, the parent retained Vietnam operations, reshaping the company's geographic and customer footprint.
Boviet Solar firmographics
Firmographics- Name
- Boviet Solar
- Legal name
- Boviet Solar Technology Co., Ltd.
- Website
- https://bovietsolar.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Boviet Solar is a TopCon N-Type photovoltaic module manufacturer producing high-efficiency solar modules for utility-scale, commercial, community solar, and government buyers. The company operated US manufacturing in Greenville, North Carolina, plus Vietnam production, before divesting US assets to Inox Clean Energy in May 2026 for ~$750 million.
- Ownership category
- akta.pro rank
Boviet Solar industry classification
Industry- Product category
- Solar Photovoltaic Modules
- NAICS
- Solar Electric Power Generation (221114)
- akta.pro primary industry
- Solar PV Module Manufacturing (Cells, Modules, Thin-Film) (EUAMABAD)
- akta.pro secondary industry
- Solar Plant Components Supply & Manufacturing (Modules, Cells, Wafers, Mirrors, Heliostats) (EUACAGAK)
Keywords
Where Boviet Solar is headquartered
LocationHeadquarters
- HQ city
- San Jose
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Boviet Solar business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Solar Module Sales: Direct B2B sales of photovoltaic modules to project developers, utilities, government entities, and community solar operators. Revenue generated from one-time hardware sales for solar project installations.
- Solar Cell Manufacturing: Production and sale of PV cells to complement module manufacturing, providing integrated solar manufacturing capabilities
Go-to-market motion2 records
Distribution channels2 records
Marketing channels3 records
Boviet Solar product offering
Product offeringCore offering
Boviet Solar manufactures and sells high-efficiency N-Type TopCon (Tunnel Oxide Passivated Contact) photovoltaic modules for utility-scale, commercial, industrial, residential, and community solar installations. The company operates a 3 GW PV module plant in Greenville, North Carolina and additional manufacturing facilities in Vietnam, with a 3 GW PV cell factory under development to create a fully integrated US manufacturing hub.
Product overview
Boviet Solar is a photovoltaic (PV) module manufacturer specializing in high-efficiency solar technology. The company produces N-Type TopCon solar modules with manufacturing facilities in the United States (Greenville, North Carolina with 3 GW module capacity) and Vietnam. The product portfolio centers on TopCon PV modules for utility-scale, commercial, industrial, and residential solar applications, complemented by cell manufacturing capabilities for vertical integration. The company also focuses on landfill, brownfield, and public sector solar projects, providing modules that meet domestic content requirements under the U.S. Inflation Reduction Act.
Differentiator
Problem solved
Functional benefit
Products and services
- TopCon PV Modules
Quantifiable outcome
- Record 9.2 GW shipments to US market in 2025
- +2 more outcomes
Companies that use Boviet Solar
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles4 records
Boviet Solar technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Boviet Solar partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and minor.
- Nautilus Solar EnergycoreBoviet Solar supplied high-efficiency photovoltaic modules for the 6.6 MWDC Dundas Community Solar Garden in Minnesota, developed and owned by Nautilus Solar Energy. The project operates under Xcel Energy's community solar program.
- Xcel EnergyminorXcel Energy operates the community solar program under which Boviet Solar-supplied modules power the Dundas Community Solar Garden, enabling local subscribers to receive utility bill credits.
Scale indicators6 records
Recent moves9 records
Expansion highlights5 records
Boviet Solar competitors and assessment
Company assessmentDirect peers
- REC Group: Norway-headquartered PV module manufacturer with Singapore cell/module production. Direct peer supplying premium N-Type modules to US and European project developers and residential installers.
- LONGi Green Energy: Chinese-headquartered global leader in monocrystalline silicon wafers, cells, and modules, with significant TopCon deployment. Direct peer in high-efficiency module supply and global Tier 1 ranking.
- First Solar: US-headquartered thin-film PV module manufacturer serving utility-scale and commercial solar. Direct peer as a domestic cell/module producer competing for the same project developers, utility offtakers, and Section 45X-eligible revenue.
- Mission Solar Energy: US-headquartered PV module manufacturer based in San Antonio, Texas. Direct peer competing for US utility, commercial, and residential projects with domestic-manufacturing credentials.
- JA Solar: Chinese-headquartered Tier 1 PV module and cell manufacturer with TopCon focus. Direct peer across module technology, scale, and global project developer customer base.
- Hanwha Qcells: South Korean-headquartered PV module and cell manufacturer with significant US manufacturing (Georgia). Direct peer producing TopCon and other N-Type modules for US utility-scale and distributed generation markets.
- Canadian Solar: Vertically integrated solar manufacturer with both cell and module production and significant US presence (inverters, storage, project development). Direct peer across product mix and US market positioning.
- JinkoSolar: Largest global PV module manufacturer by shipments, with TopCon technology leadership. Direct peer in module manufacturing, utility-scale supply, and Tier 1 bankability rankings.
- Trina Solar: Global Tier 1 PV module manufacturer with leading TopCon N-Type capacity. Direct peer competing head-to-head with Boviet in utility-scale module supply and global bankability rankings.
- SunPower (Maxeon): US-focused residential and commercial solar module manufacturer. Direct peer in the North American distributed-generation segment and competing for domestic-content premium pricing.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Boviet Solar social profiles
Digital presenceBoviet Solar compliance and trust
Trust signalCompliance3 records
Boviet Solar financial estimates
Financial estimateRevenue estimate
Valuation estimate
Boviet Solar leadership team
Management profileNumber of profiles
Profiles1 record
Boviet Solar funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Boviet Solar M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Boviet Solar
What does Boviet Solar do?
Boviet Solar manufactures and sells high-efficiency N-Type TopCon (Tunnel Oxide Passivated Contact) photovoltaic modules for utility-scale, commercial, industrial, residential, and community solar installations. The company operates a 3 GW PV module plant in Greenville, North Carolina and additional manufacturing facilities in Vietnam, with a 3 GW PV cell factory under development to create a fully integrated US manufacturing hub.
Is Boviet Solar a public or private company?
Boviet Solar is a private company. It is classified as corporate owned and is currently operating.
When was Boviet Solar founded?
Boviet Solar was founded in 2013. It employs 501 to 1,000 people.
Where is Boviet Solar based?
Boviet Solar is headquartered in San Jose, United States, in the North America region.
How does Boviet Solar make money?
Two revenue lines are on record. Solar Module Sales are the primary driver. The others are solar Cell Manufacturing.
Who are Boviet Solar's main competitors?
Direct peers on record are REC Group, LONGi Green Energy, First Solar, Mission Solar Energy, JA Solar, Hanwha Qcells, Canadian Solar, JinkoSolar, Trina Solar and SunPower (Maxeon).
Does Boviet Solar have an API?
No public API is recorded for Boviet Solar.
What industry is Boviet Solar in?
Boviet Solar's product category is Solar Photovoltaic Modules. Its primary akta.pro industry code is EUAMABAD, Solar PV Module Manufacturing (Cells, Modules, Thin-Film), with a secondary code of EUACAGAK, Solar Plant Components Supply & Manufacturing (Modules, Cells, Wafers, Mirrors, Heliostats). Its NAICS code is 221114.