Blab Tech
Inox Solar Americas Secures 800-MW Module Supply Deal for Colorado and Georgia Solar Projects
Inox Solar Americas has secured an 800‑megawatt (MW) module supply agreement with a leading U.S. renewable‑energy developer. The contract calls for the delivery of Vega Series bifacial PERC modules—built with Galaxion cells and rated at 21.32 % conversion efficiency—to two utility‑scale solar farms: a 300 MW site in Colorado and a 500 MW site in Georgia. Deliveries are slated to begin next year.
The Vega modules and Galaxion cells were originally developed by Boviet Solar, a Vietnam‑based company. In April, Inox Clean Energy—an Indian firm—acquired Boviet’s U.S. manufacturing facilities, giving Inox Solar Americas, its U.S. subsidiary, operational control of a 3 GW module plant. This new supply deal marks the first major U.S. project to use modules produced entirely in the United States.
"Inox Solar Americas is well positioned to deliver high‑performance PV modules that meet the evolving technical and commercial requirements of large‑scale solar projects across the United States," said Ashok Nair, president and CEO of Inox Solar Americas. "The deal demonstrates our long‑term commitment to the American solar market, which has seen significant investments in recent years to strengthen the domestic supply chain."
The agreement follows a similar 767‑MW deal signed last week, also involving Vega Series modules and Galaxion cells. Inox has not disclosed whether the same developer is involved in both contracts.
Industry analysts note that the U.S. solar manufacturing sector still grapples with a capacity gap between cell and module production. According to research experts at PV Tech, module capacity stands at 77.3 GW while cell capacity is only 26.5 GW. Inox plans to narrow this disparity by adding a 3 GW cell manufacturing facility to the existing 3 GW module plant acquired from Boviet earlier this year.
The move aligns with the U.S. government's emphasis on domestic manufacturing under the Inflation Reduction Act, which offers incentives for projects that source components locally. By delivering modules from a U.S. plant, Inox Solar Americas provides developers with greater supply‑chain transparency and compliance with emerging regulatory standards.
Moustafa Ramadan, head of research at PV Tech, will discuss the full U.S. solar supply chain—from polysilicon to finished modules—at the PV CellTech USA conference in San Francisco on 13‑14 October. His presentation will cover policy developments and opportunities for U.S. cell manufacturers.
Inox Clean Energy’s acquisition of Boviet Solar for approximately $750 million in April expanded its footprint in the U.S. market and added a significant domestic manufacturing base. The acquisition also granted Inox access to Boviet’s established customer relationships with large multinational developers.
The 800‑MW deal underscores the growing demand for high‑efficiency, bifacial modules in utility‑scale projects. The Vega Series modules, which incorporate Galaxion N‑type cells, are designed to deliver power from both sides of the panel, improving overall energy yield.
As the U.S. solar industry continues to scale, the ability to source modules from a domestic manufacturer may become a key differentiator for developers seeking to meet bankability and regulatory requirements. Inox Solar Americas’ commitment to expanding cell production capacity signals a broader strategy to support the domestic supply chain.
At present, the company is preparing for the first deliveries of the Vega modules in 2027. Inox Solar Americas has not announced additional project commitments beyond the Colorado and Georgia farms, but it has indicated plans to further increase cell manufacturing capacity in the coming years.
The company’s next public update is expected in the upcoming quarterly earnings report, where it will likely detail progress on the new cell facility and any additional supply agreements.
In summary, Inox Solar Americas’ 800‑MW module supply agreement marks a significant milestone for U.S. solar manufacturing, demonstrating the viability of domestic production for large‑scale projects and aligning with national policy objectives to strengthen the domestic supply chain.
The Vega modules and Galaxion cells were originally developed by Boviet Solar, a Vietnam‑based company. In April, Inox Clean Energy—an Indian firm—acquired Boviet’s U.S. manufacturing facilities, giving Inox Solar Americas, its U.S. subsidiary, operational control of a 3 GW module plant. This new supply deal marks the first major U.S. project to use modules produced entirely in the United States.
"Inox Solar Americas is well positioned to deliver high‑performance PV modules that meet the evolving technical and commercial requirements of large‑scale solar projects across the United States," said Ashok Nair, president and CEO of Inox Solar Americas. "The deal demonstrates our long‑term commitment to the American solar market, which has seen significant investments in recent years to strengthen the domestic supply chain."
The agreement follows a similar 767‑MW deal signed last week, also involving Vega Series modules and Galaxion cells. Inox has not disclosed whether the same developer is involved in both contracts.
Industry analysts note that the U.S. solar manufacturing sector still grapples with a capacity gap between cell and module production. According to research experts at PV Tech, module capacity stands at 77.3 GW while cell capacity is only 26.5 GW. Inox plans to narrow this disparity by adding a 3 GW cell manufacturing facility to the existing 3 GW module plant acquired from Boviet earlier this year.
The move aligns with the U.S. government's emphasis on domestic manufacturing under the Inflation Reduction Act, which offers incentives for projects that source components locally. By delivering modules from a U.S. plant, Inox Solar Americas provides developers with greater supply‑chain transparency and compliance with emerging regulatory standards.
Moustafa Ramadan, head of research at PV Tech, will discuss the full U.S. solar supply chain—from polysilicon to finished modules—at the PV CellTech USA conference in San Francisco on 13‑14 October. His presentation will cover policy developments and opportunities for U.S. cell manufacturers.
Inox Clean Energy’s acquisition of Boviet Solar for approximately $750 million in April expanded its footprint in the U.S. market and added a significant domestic manufacturing base. The acquisition also granted Inox access to Boviet’s established customer relationships with large multinational developers.
The 800‑MW deal underscores the growing demand for high‑efficiency, bifacial modules in utility‑scale projects. The Vega Series modules, which incorporate Galaxion N‑type cells, are designed to deliver power from both sides of the panel, improving overall energy yield.
As the U.S. solar industry continues to scale, the ability to source modules from a domestic manufacturer may become a key differentiator for developers seeking to meet bankability and regulatory requirements. Inox Solar Americas’ commitment to expanding cell production capacity signals a broader strategy to support the domestic supply chain.
At present, the company is preparing for the first deliveries of the Vega modules in 2027. Inox Solar Americas has not announced additional project commitments beyond the Colorado and Georgia farms, but it has indicated plans to further increase cell manufacturing capacity in the coming years.
The company’s next public update is expected in the upcoming quarterly earnings report, where it will likely detail progress on the new cell facility and any additional supply agreements.
In summary, Inox Solar Americas’ 800‑MW module supply agreement marks a significant milestone for U.S. solar manufacturing, demonstrating the viability of domestic production for large‑scale projects and aligning with national policy objectives to strengthen the domestic supply chain.
