BOVIET SOLAR ACHIEVES ‘GRADE A’ CLASSIFICATION IN WOOD MACKENZIE’S FULL YEAR OF 2025 RANKING
GREENVILLE, North Carolina, USA June 1, 2025 — Boviet Solar Technology LLC. (“Boviet Solar” or “the Company”), an Inox Solar Americas company, specializing in advanced monocrystalline Galaxion™ N-type PV cells and premium Gamma Series™ Monofacial and Vega Series™ Bifacial PV modules, today announced that it has achieved ‘Grade A’ classification in full year of 2025 Wood Mackenzie Global Solar Module Manufacturer Rankings.
Wood Mackenzie, a global authority in data, analytics, and consulting for the energy, renewables, and natural resources sectors, provides trusted insights and intelligence that help businesses and governments accelerate the transition to a sustainable future.
Wood Mackenzie Global PV Module Manufacturer Rankings are widely regarded as one of the most respected benchmarks in the solar industry, offering investors, developers, EPCs, and financial institutions an independent assessment of each manufacturer’s bankability, scale, technology leadership, and operational strength. Being ranked by Wood Mackenzie not only validates a company’s financial stability and manufacturing excellence but also reinforces its credibility with key stakeholders who rely on these evaluations to make informed investment and procurement decisions across major solar projects worldwide. To access the report, please visit www.woodmac.com
Wood Mackenzie’s scoring methodology evaluates PV module manufacturers on several factors, including:
- Capacity utilization
- Technology maturity
- Adherence to ESG and CSR standards
- Availability of third-party certifications
- Financial conditions and stability
- Years of module manufacturing experience
- Supply chain resilience
- Vertical integration
- Research and development capabilities
“Being recognized as an A-Class bankable PV module manufacturer reinforces the confidence that developers, EPCs, investors, and financing institutions place in our company, products, and long-term operational capabilities,” said Ashok Nair, President & CEO USA PV Module Manufacturing, Inox Solar Americas. “As we continue expanding our U.S. manufacturing footprint and strengthening domestic solar supply chain capabilities, this recognition further validates our commitment to delivering high-performance, reliable, and investment-grade solar technology solutions to the North American market.”
“This recognition reflects Boviet Solar’s strong financial stability, manufacturing execution, product reliability, and long-term commitment to supporting utility-scale and distributed generation solar projects,” said Sienna Cen, President of Boviet Solar USA. “It demonstrates the trust the marketplaces in Boviet Solar as a dependable and bankable solar manufacturing partner capable of supporting large-scale renewable energy infrastructure development with high-quality PV technology, operational consistency, and long-term customer support.”
Boviet Solar has received multiple global bankability recognitions from leading independent research and analytics organizations. The company has been consistently ranked as a Tier 1 PV Module Manufacturer by Bloomberg New Energy Finance (BNEF) since 2017, recognized among Wood Mackenzie’s A-Class Bankable Global PV Module Manufacturers since 2024, and listed among Sinovoltaics’ Top 10 Most Financially Stable PV Module Manufacturers since 2024. In addition, TeraWatt PV has ranked Boviet Solar as Global Silver plus PV Module manufacturer, while Kiwa PVEL has recognized the company’s products as Top Performers in its PV Module Reliability Scorecard since 2019. Collectively, these distinctions reinforce Boviet Solar’s strong bankability, financial resilience, manufacturing credibility, and long-term reliability.
BOVIET SOLAR
Boviet Solar, an Inox Solar Americas company founded in 2013, is a leading solar technology company specializing in the manufacturing of advanced monocrystalline Galaxion N-Type™ PV cells and premium Gamma Series™ monofacial and Vega Series™ bifacial PV modules. Boviet Solar’s top-performing PV modules are engineered for a wide range of applications, including residential, commercial, industrial, community solar, and utility-scale solar projects.
Boviet Solar combines business acumen, financial strength, technological expertise, and manufacturing excellence to deliver reliable, high-efficiency solar solutions to customers across the renewable energy industry. The company is strongly committed to sustainability, supply chain traceability, and compliance with U.S. and international trade standards while fostering long-term, trust-based partnerships throughout the energy sector. Boviet Solar has earned broad industry recognition for quality, reliability, and operational performance.
Boviet Solar has received multiple global bankability recognitions from leading independent research and analytics organizations. The company has been consistently ranked as a Tier 1 PV Module Manufacturer by Bloomberg New Energy Finance (BNEF) since 2017, recognized among Wood Mackenzie’s A-Class Bankable Global PV Module Manufacturers since 2024, and listed among Sinovoltaics’ Top 10 Most Financially Stable PV Module Manufacturers since 2024. In addition, TeraWatt PV has ranked Boviet Solar as Global Silver plus PV Module manufacturer, while Kiwa PVEL has recognized the company’s products as Top Performers in its PV Module Reliability Scorecard since 2019. Collectively, these distinctions reinforce Boviet Solar’s strong bankability, financial resilience, manufacturing credibility, and long-term reliability.
Boviet Solar operates its U.S. PV module and PV cell manufacturing facility in Greenville, North Carolina, supporting domestic solar deployment through localized production, supply chain stability, and efficient logistics. As an Inox Solar Americas company, Boviet Solar operates within a broader renewable energy platform under Inox Clean Energy and the INOXGFL Group, strengthening the company’s long-term positioning, operational stability, and alignment with evolving U.S. market, policy, and regulatory requirements.
For more information, please visit www.bovietsolar.com, www.inoxclean.com, www.inoxgfl.com
MEDIA INQUIRIES:
Songül Atacan
Head of Global Brand and Marketing
Boviet Solar
songul.atacan@bovietsolar.com