Inox Clean Energy pursues major US expansion through $750M Boviet Solar acquisition. The Noida-based renewable energy company aims to establish significant presence in the American market by acquiring the San Jose-headquartered solar equipment manufacturer, which ranks among the top ten solar equipment makers in the US. This strategic move enables Inox to tap into residential, commercial and industrial solar energy installations across America. The acquisition comes as Chinese solar manufacturers face increased regulatory scrutiny under current trade policies, prompting portfolio reviews. Inox Clean Energy manufactures solar cells and modules through subsidiary companies and recently secured substantial investment valuation at $5.
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