Inox Clean Energy, a renewable energy company, has announced the acquisition of 3 gigawatts each of solar module and cell manufacturing capacity from Boviet Solar Technology LLC for $750 million. The solar module plant is already operational, while the cell manufacturing facility is expected to commence operations by December 2026. This acquisition, made through Inox's wholly-owned subsidiary Inox Solar Americas LLC, is strategically aligned with the U.S. government's push for domestic manufacturing, allowing the company to benefit from various incentives that enhance profitability and reduce tariff-related uncertainties. Devansh Jain, executive director of INOXGFL Group, emphasized the growing demand for power in the U.S. driven by trends such as AI adoption and industrial growth. The company is targeting 10 GW of installed renewable energy independent power producer (IPP) capacity and 11 GW of integrated solar manufacturing capacity by FY28, following a series of acquisitions, including Vibrant Energy last month.