Boviet Solar- U.S. business

What Boviet Solar- U.S. business does

Boviet Solar's U.S. business operated a solar photovoltaic (PV) manufacturing operation based in Greenville, North Carolina, under the legal entity Boviet Solar Technology (North Carolina) LLC. The company produced solar PV modules and cells, with 3 GW of operational module manufacturing capacity and a binding agreement for an additional 3 GW of cell manufacturing capacity scheduled for commissioning by December 2026. Its product portfolio was concentrated on two core offerings — PV modules and PV cells — sold through direct B2B channels to utility-scale solar project developers, utilities, and commercial and industrial installers operating in the United States.

The business model was hardware sales of domestically manufactured solar components, with go-to-market executed through direct enterprise sales to project developers requiring U.S.-made product. The company's primary competitive positioning centered on its U.S. manufacturing footprint, which allowed project customers to meet Foreign Entity of Concern (FEOC) compliance requirements and access domestic-content incentives in federally-supported solar procurement. Revenue mechanics, pricing models, and customer-level revenue concentration were not publicly disclosed.

In May 2026, Boviet Solar agreed to sell its U.S. subsidiary assets to INOX Solar Americas, LLC — a subsidiary of India's INOX Clean Energy Ltd — for approximately $750 million. The transaction was framed as a strategic realignment to address evolving U.S. regulatory frameworks, including FEOC policies, and was pending regulatory approval at the time of reporting. The company's primary website was under maintenance, consistent with the ongoing ownership transition.

Name

Boviet Solar- U.S. business

Legal name

Boviet Solar Technology (North Carolina) LLC

Website

https://bovietsolar.com

Company type

Private

Founded year

2013

Operating status

Acquired

Headcount range

501–1,000 employees

Short description

Boviet Solar's U.S. business manufactured solar PV modules and cells at a 3 GW plant in Greenville, North Carolina, selling directly to utility-scale solar developers, utilities, and C&I installers to serve FEOC-compliant U.S. solar demand.

Ownership category

akta.pro rank

Product category

Solar Photovoltaic Manufacturing

akta.pro primary industry

Solar PV Module Manufacturing (Cells, Modules, Thin-Film) (EUAMABAD)

Keywords

• Solar PV modules
• Solar cell manufacturing
• Photovoltaic manufacturing
• Solar module production
• Domestic solar modules

Headquarters

HQ city

Greenville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Solar Module and Cell Manufacturing: Boviet Solar generates revenue through the manufacture and sale of solar photovoltaic (PV) modules and cells. The company operated a U.S.-based manufacturing facility in North Carolina with significant capacity, having produced 3 GW of solar module manufacturing capacity before the asset sale to INOX Solar Americas.

Distribution channels1 record

Core offering

Boviet Solar's U.S. business manufactures and sells photovoltaic (PV) solar modules and cells from its Greenville, North Carolina facility. The site delivers 3 GW of operational solar module manufacturing capacity, with a binding agreement in place for an additional 3 GW of cell manufacturing capacity expected to be commissioned by December 2026. Products are sold to solar project developers, utilities, and commercial/industrial installers needing domestically manufactured modules.

Product overview

Boviet Solar- U.S. business operates as a solar photovoltaic (PV) manufacturing company based in North Carolina. The company produces solar PV modules and solar PV cells, offering integrated solar manufacturing capabilities. The product portfolio consists of two core offerings: Solar PV Modules (3 GW manufacturing capacity) and Solar PV Cells (with additional 3 GW capacity under binding agreement). Following the May 2026 acquisition by INOX Solar Americas, these U.S.-based manufacturing assets were transferred to strengthen the buyer's U.S. solar platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Solar PV Modules Photovoltaic solar modules manufactured at Boviet Solar's North Carolina facility, providing 3 GW of operational manufacturing capacity for U.S. solar project developers, utilities, and commercial/industrial installers needing domestically sourced modules.
• Solar PV Cells Solar photovoltaic cells with an additional 3 GW of manufacturing capacity under a binding agreement, expected to be commissioned by December 2026, intended to integrate vertically with Boviet Solar's U.S. module production and supply solar cell inputs to domestic module manufacturing.

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves3 records

Expansion highlights3 records

Direct peers

• JinkoSolar: One of the world's largest PV module manufacturers with a U.S. module assembly facility in Florida. Comparable to Boviet as a top-tier global module competitor with U.S. manufacturing footprint targeting domestic project developers.
• First Solar: Largest U.S.-headquartered thin-film solar module manufacturer with multiple domestic gigawatt-scale factories. Directly comparable to Boviet as a U.S.-based PV module manufacturer benefiting from IRA/domestic content positioning, with overlapping utility-scale and C&I customer segments.
• Canadian Solar: Major global PV module manufacturer with U.S. project development and module assembly operations (including in Texas). Directly comparable to Boviet as a competing module producer with significant U.S. presence and overlapping utility-scale customer base.
• Mission Solar Energy: U.S.-based solar module manufacturer with a ~1 GW facility in San Antonio, Texas. Closely comparable as a smaller-scale U.S. crystalline-silicon module manufacturer competing for the same domestic-content premium market served by Boviet.
• Trina Solar: Top-tier global PV module manufacturer with U.S. operations. Comparable to Boviet as a direct competitor in the global crystalline-silicon module market, increasingly competing in the U.S. domestic-content segment.
• Maxeon Solar Technologies: U.S.-headquartered (Texas) crystalline-silicon solar cell and module manufacturer with global manufacturing footprint. Directly comparable to Boviet as a U.S.-domiciled PV cell and module producer targeting U.S. project developers and premium domestic-content segments.
• Hanwha Q CELLS: Major global PV module manufacturer operating a large module assembly facility in Dalton, Georgia, serving the same U.S. utility-scale and C&I project developers as Boviet. Directly comparable as a competing U.S.-domestic module manufacturer with overlapping customer base.
• JA Solar: Top-tier global PV module manufacturer with U.S. module assembly. Comparable to Boviet as a major global module competitor pursuing U.S. domestic manufacturing capacity to access IRA-driven demand.
• REC Group: Norway-headquartered solar module manufacturer with U.S. sales presence and a heritage in high-efficiency module technology. Comparable to Boviet as a competing PV module supplier targeting U.S. project developers and premium-efficiency segments.

Emerging players

• Silfab Solar: North American (U.S./Canada) premium crystalline-silicon module manufacturer with U.S. production capacity in Washington State. Comparable to Boviet as a competing U.S.-based PV module manufacturer focused on the premium residential, commercial, and utility-scale domestic-content segment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Boviet Solar- U.S. business