---
title: "AE Solar vs Adani Solar - Brand Comparison | ComparePV"
description: "Compare AE Solar vs Adani Solar solar panels: full portfolio, efficiency, cell technology breakdown, warranty terms and company background."
source: "https://comparepv.com/ae-solar-vs-adani-solar"
---

# AE Solar vs Adani Solar

AE Solar has the broader catalog (646 vs 48 models). AE Solar leads on peak efficiency at 24.43%. Adani Solar leans bifacial (75% of lineup).


## The two companies


| Attribute | AE Solar | Adani Solar |
| --- | --- | --- |
| Country | Germany | India |
| Headquarters | Gersthofen | Ahmedabad |
| Founded | 2003 | 2015 |
| Employees | 501-1000 | 3500+ |
| Annual capacity | 2+ GW/year | 4 GW/year |
| Tier 1 | yes | yes |
| Listed |  | NSE: ADANIGREEN |
| Website | [https://ae-solar.com](https://ae-solar.com) | [https://www.adanisolar.com/](https://www.adanisolar.com/) |

AE Solar is a German Tier 1 manufacturer of high-efficiency photovoltaic (PV) modules. The company specializes in producing durable and innovative solar panels with German engineering standards, offering solutions for residential, commercial, and utility-scale applications. AE Solar operates in over 100 countries and...

Adani Solar is a fully integrated, high-efficiency solar panel manufacturer and is part of the Adani Group. They are building a comprehensive solar manufacturing ecosystem, producing everything from metallurgical grade silicon to solar modules. The company is committed to advancing India's renewable energy...


## Catalog & Power


| Measure | AE Solar | Adani Solar | Margin |
| --- | --- | --- | --- |
| Panel Models | 646 | 48 | +598 |
| Max Power | 730 W | 650 W | +80 W |
| Avg Power | 489 W | 539 W | +50 W |


## Efficiency


| Measure | AE Solar | Adani Solar | Margin |
| --- | --- | --- | --- |
| Max Efficiency | 24.43% | 23.71% | +0.72 pp |
| Avg Efficiency | 21.11% | 20.67% | +0.44 pp |


## Reliability & Warranty


| Measure | AE Solar | Adani Solar | Margin |
| --- | --- | --- | --- |
| Avg Temp Coefficient | -0.312%/°C | -0.345%/°C | +0.033 |
| Bifacial Share | 405 (63%) | 36 (75%) | +12 pp |
| Avg Warranty | 29.7 yrs | 29.3 yrs | +0.4 yr |


## Efficiency distribution

AE Solar skews to higher efficiency: 9% of lineup is 23%+


| Efficiency band | AE Solar | Adani Solar |
| --- | --- | --- |
| \<20% | 74 (11.5%) | 10 (20.8%) |
| 20-21% | 171 (26.5%) | 18 (37.5%) |
| 21-22% | 142 (22.0%) | 9 (18.8%) |
| 22-23% | 199 (30.8%) | 7 (14.6%) |
| 23%+ | 60 (9.3%) | 4 (8.3%) |


## Power distribution

Adani Solar offers more 600W+ panels (38% of lineup)


| Power band | AE Solar | Adani Solar |
| --- | --- | --- |
| \<400W | 78 (12.1%) | 10 (20.8%) |
| 400-499W | 329 (50.9%) | 0 |
| 500-599W | 154 (23.8%) | 20 (41.7%) |
| 600-699W | 55 (8.5%) | 18 (37.5%) |
| 700W+ | 30 (4.6%) | 0 |


## Cell technology

Dominant cell tech: **TOPCon** (54%)

Dominant cell tech: **PERC** (54%)


| Technology | AE Solar | Adani Solar |
| --- | --- | --- |
| TOPCon | 349 (54.0%) | 14 (29.2%) |
| PERC | 245 (37.9%) | 26 (54.2%) |
| Back Contact | 21 (3.3%) | 0 |
| N-type | 17 (2.6%) | 8 (16.7%) |
| BIPV | 9 (1.4%) | 0 |
| HJT | 5 (0.8%) | 0 |


## Top panels, AE Solar


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [CME-132BDS-730](https://comparepv.com/panel/ae-solar-cme-132bds-730) | 730 | 23.5 | -0.290 | Monocrystalline |
| 2 | [CME-132BDS-730W](https://comparepv.com/panel/ae-solar-cme-132bds-730w) | 730 | 23.5 | -0.290 | Monocrystalline |
| 3 | [CME-132BDS-725](https://comparepv.com/panel/ae-solar-cme-132bds-725) | 725 | 23.4 | -0.290 | Monocrystalline |
| 4 | [CME-132-725W](https://comparepv.com/panel/ae-solar-cme-132-725w) | 725 | 23.4 | -0.290 | Monocrystalline |
| 5 | [CME-132BDS-725W](https://comparepv.com/panel/ae-solar-cme-132bds-725w) | 725 | 23.4 | -0.290 | Monocrystalline |
| 6 | [AE CME-132 720](https://comparepv.com/panel/ae-solar-ae-cme-132-720) | 720 | 23.2 | -0.290 | Monocrystalline |
| 7 | [CME-132BDS-720](https://comparepv.com/panel/ae-solar-cme-132bds-720) | 720 | 23.2 | -0.290 | Monocrystalline |
| 8 | [AE CME-132-720](https://comparepv.com/panel/ae-solar-ae-cme-132-720-1) | 720 | 23.2 | -0.290 | Monocrystalline |
| 9 | [CME-132-720W](https://comparepv.com/panel/ae-solar-cme-132-720w) | 720 | 23.2 | -0.290 | Monocrystalline |
| 10 | [CME-132BDS-720W](https://comparepv.com/panel/ae-solar-cme-132bds-720w) | 720 | 23.2 | -0.290 | Monocrystalline |


## Top panels, Adani Solar


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [ASM-M12-132-650](https://comparepv.com/panel/adani-solar-asm-m12-132-650) | 650 | 20.9 | -0.340 | Monocrystalline |
| 2 | [ASB-M12-132-650](https://comparepv.com/panel/adani-solar-asb-m12-132-650) | 650 | 20.9 | -0.350 | Monocrystalline |
| 3 | [ASM-M12-132-645](https://comparepv.com/panel/adani-solar-asm-m12-132-645) | 645 | 20.7 | -0.340 | Monocrystalline |
| 4 | [ASB-M12-132-645](https://comparepv.com/panel/adani-solar-asb-m12-132-645) | 645 | 20.7 | -0.350 | Monocrystalline |
| 5 | [ASM-M12-132-640](https://comparepv.com/panel/adani-solar-asm-m12-132-640) | 640 | 20.6 | -0.340 | Monocrystalline |
| 6 | [ASB-M12-132-640](https://comparepv.com/panel/adani-solar-asb-m12-132-640) | 640 | 20.6 | -0.350 | Monocrystalline |
| 7 | [AB-G12R-132-640](https://comparepv.com/panel/adani-solar-ab-g12r-132-640) | 640 | 23.7 | -0.280 | Monocrystalline |
| 8 | [ASM-M12-132-635](https://comparepv.com/panel/adani-solar-asm-m12-132-635) | 635 | 20.4 | -0.340 | Monocrystalline |
| 9 | [ASB-M12-132-635](https://comparepv.com/panel/adani-solar-asb-m12-132-635) | 635 | 20.4 | -0.350 | Monocrystalline |
| 10 | [AB-G12R-132-635](https://comparepv.com/panel/adani-solar-ab-g12r-132-635) | 635 | 23.5 | -0.280 | Monocrystalline |


## Summary

Adani Solar is an Indian solar PV manufacturer headquartered in Mundra, Gujarat, operating as part of the broader Adani Group conglomerate. The company began manufacturing in 2016 and has since scaled aggressively: according to pv-magazine.com, Adani Solar is on track to reach an integrated solar cell and module production capacity of 10 GW per year by mid-2026. The company is the only Indian manufacturer included in Wood Mackenzie's global top-10 module producers and is a consistent presence on the BloombergNEF Tier 1 bankability list. AE Solar (AESOLAR Energy GmbH) was founded in 2003 in Königsbrunn, Germany, by brothers Alexander, Victor, and Waldemar Maier. It operates manufacturing plants in Turkey, Georgia, and China, with a combined annual production capacity exceeding 2 GW. In 2024, BloombergNEF ranked AESOLAR as Europe's sole Tier 1 PV manufacturer with high bankability, placing it 18th among 67 evaluated manufacturers globally - also making it the first DIBt-certified Tier 1 manufacturer. In terms of raw production scale Adani Solar holds the edge, while AE Solar commands a distinctly stronger institutional footprint within Europe.

Adani Solar's portfolio spans N-type TOPCon and mono PERC modules in both bifacial and monofacial configurations, covering M10 and G12 wafer formats across a broad wattage range. The company's primary export markets are India and the United States, though it holds a confirmed international export order book exceeding 3,000 MW. AE Solar's flagship Meteor series features N-type TOPCon modules ranging from 415 W to 725 W, suited to residential rooftop installs, commercial C&I projects, and mid-scale ground-mount applications. With operations spanning over 100 countries, AE Solar has built a well-established European distribution network that gives it practical supply-chain advantages for buyers in Central and Western Europe.

For international buyers outside of India and the US, AE Solar is generally the more accessible choice, backed by a robust European supply chain and the highest bankability rating of any European-headquartered manufacturer per BloombergNEF 2024. Adani Solar is a credible alternative for buyers in markets where the company has established distribution, particularly given its rapidly expanding production scale and Tier 1 status. For most European project developers or installers, the deciding factors will be local distributor availability, warranty support terms, and delivered pricing rather than any fundamental technology gap between the two brands.

Written by claude-sonnet from the figures above.


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- [AKCOME vs Adani Solar](https://comparepv.com/akcome-vs-adani-solar)
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- [ASM vs Adani Solar](https://comparepv.com/asm-vs-adani-solar)


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Source: https://comparepv.com/ae-solar-vs-adani-solar

Not in this file, on the page: the distributions above drawn as charts.