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

# AE Solar vs Reliance New Energy

AE Solar has the broader catalog (646 vs 7 models). AE Solar leads on peak efficiency at 24.43%. Reliance New Energy leans bifacial (100% of lineup).


## The two companies


| Attribute | AE Solar | Reliance New Energy |
| --- | --- | --- |
| Country | Germany | India |
| Headquarters | Gersthofen | Mumbai |
| Founded | 2003 | 2021 |
| Employees | 501-1000 |  |
| Annual capacity | 2+ GW/year | 10-20 GW/year |
| Tier 1 | yes | yes |
| Listed |  |  |
| Website | [https://ae-solar.com](https://ae-solar.com) | [https://www.ril.com/businesses/new-energy-materials](https://www.ril.com/businesses/new-energy-materials) |

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...

Reliance New Energy Limited (RNEL) is a wholly-owned subsidiary of Reliance Industries Limited, India's largest conglomerate, established to build an integrated renewable energy business. It is developing solar photovoltaic module and cell manufacturing at the Dhirubhai Ambani Green Energy Giga Complex in Jamnagar...


## Catalog & Power


| Measure | AE Solar | Reliance New Energy | Margin |
| --- | --- | --- | --- |
| Panel Models | 646 | 7 | +639 |
| Max Power | 730 W | 720 W | +10 W |
| Avg Power | 489 W | 705 W | +216 W |


## Efficiency


| Measure | AE Solar | Reliance New Energy | Margin |
| --- | --- | --- | --- |
| Max Efficiency | 24.43% | 23.10% | +1.33 pp |
| Avg Efficiency | 21.11% | 22.64% | +1.53 pp |


## Reliability & Warranty


| Measure | AE Solar | Reliance New Energy | Margin |
| --- | --- | --- | --- |
| Avg Temp Coefficient | -0.312%/°C | -0.240%/°C | +0.072 |
| Bifacial Share | 405 (63%) | 7 (100%) | +37 pp |
| Avg Warranty | 29.7 yrs | 30.0 yrs | +0.3 yr |


## Efficiency distribution

Reliance New Energy skews to higher efficiency: 29% of lineup is 23%+


| Efficiency band | AE Solar | Reliance New Energy |
| --- | --- | --- |
| \<20% | 74 (11.5%) | 0 |
| 20-21% | 171 (26.5%) | 0 |
| 21-22% | 142 (22.0%) | 0 |
| 22-23% | 199 (30.8%) | 5 (71.4%) |
| 23%+ | 60 (9.3%) | 2 (28.6%) |


## Power distribution

Reliance New Energy offers more 600W+ panels (100% of lineup)


| Power band | AE Solar | Reliance New Energy |
| --- | --- | --- |
| \<400W | 78 (12.1%) | 0 |
| 400-499W | 329 (50.9%) | 0 |
| 500-599W | 154 (23.8%) | 0 |
| 600-699W | 55 (8.5%) | 2 (28.6%) |
| 700W+ | 30 (4.6%) | 5 (71.4%) |


## Cell technology

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

Dominant cell tech: **HJT** (100%)


| Technology | AE Solar | Reliance New Energy |
| --- | --- | --- |
| TOPCon | 349 (54.0%) | 0 |
| PERC | 245 (37.9%) | 0 |
| Back Contact | 21 (3.3%) | 0 |
| N-type | 17 (2.6%) | 0 |
| BIPV | 9 (1.4%) | 0 |
| HJT | 5 (0.8%) | 7 (100.0%) |


## 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, Reliance New Energy


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [RNE720AA-66-BGG](https://comparepv.com/panel/reliance-new-energy-rne720aa-66-bgg) | 720 | 23.1 | -0.240 | Monocrystalline |
| 2 | [RNE715AA-66-BGG](https://comparepv.com/panel/reliance-new-energy-rne715aa-66-bgg) | 715 | 23.0 | -0.240 | Monocrystalline |
| 3 | [RNE710AA-66-BGG](https://comparepv.com/panel/reliance-new-energy-rne710aa-66-bgg) | 710 | 22.8 | -0.240 | Monocrystalline |
| 4 | [RNE705AA-66-BGG](https://comparepv.com/panel/reliance-new-energy-rne705aa-66-bgg) | 705 | 22.6 | -0.240 | Monocrystalline |
| 5 | [RNE700AA-66-BGG](https://comparepv.com/panel/reliance-new-energy-rne700aa-66-bgg) | 700 | 22.5 | -0.240 | Monocrystalline |
| 6 | [RNE695AA-66-BGG](https://comparepv.com/panel/reliance-new-energy-rne695aa-66-bgg) | 695 | 22.3 | -0.240 | Monocrystalline |
| 7 | [RNE690AA-66-BGG](https://comparepv.com/panel/reliance-new-energy-rne690aa-66-bgg) | 690 | 22.2 | -0.240 | Monocrystalline |


## Summary

AE Solar is a German module manufacturer headquartered in Konigsbrunn, Bavaria, founded in 2003 by the Maier brothers, operating production facilities in Turkey, Georgia and China with a combined output of roughly 2.5 GW per year. It is recognized by BloombergNEF as one of the few European-linked Tier 1 manufacturers with high bankability, a status reinforced by a five-star rating in PV Magazine module reliability testing for its N-type TOPCon panels. Reliance New Energy operates under India's Reliance Industries conglomerate, which acquired Norway's REC Solar Group in 2021 for around 771 million dollars and is now building a 7.2 billion dollar integrated green energy complex in Jamnagar, having commissioned its first heterojunction (HJT) module production line in 2025 with plans to scale to 10 GW and eventually 20 GW annually. On institutional footing, Reliance clearly outweighs AE Solar in capital and long-term manufacturing ambition, while AE Solar carries a longer operating track record and an established European market presence.

AE Solar's catalog spans PERC, TOPCon and PV/Thermal hybrid modules aimed at residential rooftops, commercial installations and utility-scale projects across more than 95 countries, making it a familiar name for buyers who want a European-linked alternative to mainstream Asian suppliers. Reliance New Energy is centered on next-generation HJT cell technology, with modules rated up to 720 W designed primarily for utility-scale and industrial deployments, currently concentrated on the Indian market as export volumes ramp up alongside factory capacity.

For a typical international buyer prioritizing proven field performance and established distribution, AE Solar is the safer default choice today. Reliance New Energy is a technologically ambitious newcomer still expanding its footprint beyond India, so the two brands are not yet directly interchangeable, though that may shift as Reliance's HJT capacity matures.

Written by claude-sonnet-5 from the figures above.


## Other comparisons

- [AE Solar vs A.B. Energy](https://comparepv.com/ae-solar-vs-a-b-energy)
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- [AKCOME vs Reliance New Energy](https://comparepv.com/akcome-vs-reliance-new-energy)
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- [ASM vs Reliance New Energy](https://comparepv.com/asm-vs-reliance-new-energy)


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Source: https://comparepv.com/ae-solar-vs-reliance-new-energy

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