INOX SOLAR AMERICAS STRENGTHENS U.S. MANUFACTURING PLATFORM AS BOVIET SOLAR MAINTAINS BNEF TIER 1 STATUS FOR Q3 2026

GREENVILLE, N.C., Aug. 27, 2026 /PRNewswire/ -- Inox Solar Americas LLC, a U.S.-based solar technology and manufacturing company specializing in advanced monocrystalline Galaxion N-Type™ PV cells and premium Gamma Series™ Monofacial and Vega Series™ Bifacial PV modules, today announced that Boviet Solar USA, an Inox Solar Americas brand, continues to rank on the BloombergNEF (BNEF) Tier 1 PV Module Manufacturer list for Q3 2026.

Boviet Solar USA, an Inox Solar Americas company, first achieved BNEF Tier 1 status in 2017 and has maintained this recognition across every quarter of 2025 and through Q1, Q2, and Q3 of 2026. The Q3 2026 recognition is associated with qualifying solar projects supplied with Boviet Solar-branded PV modules, preserving the Boviet Solar name within BNEF's qualification framework.

Inox Solar Americas is building on this established manufacturing and project track record through its growing U.S. solar manufacturing platform in Greenville, North Carolina. The company's Greenville facility now provides 3.0 GW of annual PV module manufacturing capacity, while a 3.0 GW annual PV cell manufacturing facility is scheduled for completion in 2027. Together, these investments strengthen Inox Solar Americas' ability to support the growing U.S. solar market with domestically manufactured PV modules and PV cells.

BloombergNEF is a globally recognized provider of research and analysis focused on the transition to a low-carbon economy. Its Tier 1 classification is widely used by investors, developers, EPCs, asset owners, and financial institutions as an important benchmark when evaluating PV module manufacturers and project bankability. BNEF's Tier 1 classification evaluates PV module manufacturers against specified criteria based on project and asset-finance data tracked in BNEF's proprietary databases. The methodology is published and updated by BNEF on a quarterly basis.

Importantly, the projects supporting the Q3 2026 BNEF Tier 1 recognition were supplied with Boviet Solar-branded PV modules. Accordingly, the BNEF Tier 1 recognition remains associated with the Boviet Solar name within BNEF's qualification framework. Inox Solar Americas is building on this established project and manufacturing track record through its current U.S. manufacturing platform and continued investment in domestic PV module and PV cell production.

"This recognition provides an important bridge between the established bankability and project track record associated with Boviet Solar and the growing U.S. manufacturing platform of Inox Solar Americas," said Ashok Nair, President & CEO, USA PV Module Manufacturing, Inox Solar Americas. "Our Greenville operations provide a strong foundation to support the U.S. solar market with domestically manufactured PV modules, while our expanding PV cell manufacturing capabilities will further strengthen our vertically integrated U.S. manufacturing platform. We are proud to build on an established record of quality, reliability, and bankability as we continue to grow under the Inox Solar Americas platform."

Beyond its BNEF Tier 1 status, Boviet Solar has received recognition for its financial stability and product reliability from Wood Mackenzie, Sinovoltaics, and Kiwa PVEL. These historical recognitions reinforce the established bankability, product reliability, and manufacturing track record on which Inox Solar Americas continues to build.

To access BloombergNEF's research and learn more about its Tier 1 methodology, please visit about.bnef.com.

About Inox Solar Americas

Inox Solar Americas is a U.S.-based solar technology and manufacturing company focused on advancing domestic photovoltaic manufacturing and delivering high-performance solar solutions for the U.S. market. Its portfolio includes Galaxion N-Type™ monocrystalline PV cells, Gamma Series™ Monofacial modules, and Vega Series™ Bifacial modules for residential, commercial, industrial, community solar, and utility-scale applications.

The company operates its U.S. PV manufacturing platform in Greenville, North Carolina, with 3.0 GW of annual PV module manufacturing capacity and expanding PV cell production. Through localized manufacturing, resilient supply chains, and efficient logistics, Inox Solar Americas is helping strengthen the U.S. solar supply chain and support growing domestic demand.

Inox Solar Americas is part of the renewable energy platform of Inox Clean Energy and INOXGFL Group, combining advanced solar technology, U.S. manufacturing capabilities, and industrial strength to support reliable and sustainable solar deployment across the United States. For more information, visit inoxclean.com and inoxgfl.com.

About Boviet Solar USA

Boviet Solar is an established PV module brand within the Inox Solar Americas U.S. manufacturing platform. Founded in 2013, the brand has built a strong track record in photovoltaic manufacturing, product reliability, and project deployment.

Boviet Solar's portfolio includes Galaxion N-Type™ PV cells, Gamma Series™ Monofacial modules, and Vega Series™ Bifacial modules. The brand has earned recognition from leading industry organizations, including BloombergNEF Tier 1 PV Module Manufacturer recognition since 2017, Wood Mackenzie's A-Class Bankable Global PV Module Manufacturers, Sinovoltaics' Top 10 Most Financially Stable PV Module Manufacturers, and Kiwa PVEL Top Performer recognition since 2019.

Today, Boviet Solar operates within the broader renewable energy platform of Inox Clean Energy and INOXGFL Group through Inox Solar Americas. Its established manufacturing and project track record, combined with expanded U.S. production capabilities, provides a strong foundation for reliable technology and long-term domestic solar supply. For more information, visit bovietsolar.com, inoxclean.com and inoxgfl.com.

MEDIA INQUIRIES:
Songül Atacan
Head of Global Brand and Marketing
Inox Solar Americas | Boviet Solar USA
[email protected] 

SOURCE Boviet Solar USA