Boviet Solar is now an INOX Solar Americas company, marking a new phase of growth, stability, and long-term alignment within a broader renewable energy platform. As a global solar technology manufacturer, Boviet Solar continues to deliver high-performance photovoltaic modules backed by proven engineering, reliable manufacturing, and a strong track record across utility-scale, commercial, and distributed generation projects. This transition strengthens our position in the market while maintaining the same focus on quality, performance, and execution that our customers and partners rely on.

The recent announcement by our parent company, Ningbo Boway Alloy Material Co., Ltd., regarding the proposed sale of Boviet Solar Technology (North Carolina) LLC reflects a proactive response to evolving regulatory and policy environments in the United States, including Foreign Entity of Concern (FEOC) considerations. This strategic decision is focused on aligning with changing market conditions, reducing future uncertainty, and ensuring long-term business continuity. Importantly, this transaction does not impact current operations, and all contracts, supply commitments, warranties, and customer support remain fully in place.

Looking ahead, Boviet Solar remains committed to being a low-risk, execution-driven, and trusted partner in the global solar industry. With the added strength of INOX Solar Americas, we are well-positioned to continue supporting our customers with reliable supply, consistent performance, and solutions that drive long-term project success. We will continue to operate with transparency, maintain strong partnerships, and deliver the performance and confidence needed to power a sustainable future.

Boviet Solar, an INOX Solar Americas company, is a solar energy technology and manufacturing company focused on delivering high-performance photovoltaic (PV) modules for the U.S. market. Its portfolio includes Gamma Series™ monofacial and Vega Series™ bifacial PV modules, designed for utility-scale, community solar, commercial and industrial (C&I), and residential applications, with a focus on reliability, efficiency, and long-term performance.

The company operates a state-of-the-art manufacturing facility in Greenville, North Carolina, with approximately 3.0 GW of annual production capacity. This U.S.-based production supports localized supply, efficient logistics, and alignment with project timelines and market requirements.

As part of INOX Solar Americas, Boviet Solar benefits from enhanced financial backing and integration within a broader renewable energy platform under INOX Clean Energy and the INOXGFL Group. This strengthens its ability to support compliant, financeable, and scalable solar projects while maintaining consistent execution and product performance.