Inox Clean Energy has successfully acquired the solar manufacturing assets of Boviet Solar for an enterprise value of $750 million. The acquisition includes solar module and cell manufacturing units located in Greenville, North Carolina, which will allow Inox to establish a significant presence in the U.S. market. This strategic move comes as energy consumption in the U.S. is on the rise, fueled by advancements in artificial intelligence and the growth of data centers. Devansh Jain, executive director of Inox Clean, emphasized that this acquisition aligns with the company's growth strategy, particularly in light of the U.S. government's push for domestic manufacturing. The transaction is expected to provide Inox with a scalable platform in a high-margin market, benefiting from incentives under Section 45X, which supports localized manufacturing. Inox Clean has been actively expanding its footprint, having made nine acquisitions in the past nine months, and is targeting 11 GW of integrated solar manufacturing capacity by FY2028 across key markets, including the U.S. and Africa.