AIKO vs Renew Photovoltaics - solar panel manufacturer comparison
AIKO has the broader catalog (144 vs 14 models). AIKO leads on peak efficiency at 25.20%. Renew Photovoltaics leans bifacial (93% of lineup).
Both catalogues are read from the manufacturers' own datasheets. A brand is not scored against the market here, only against the other brand on this page.
The two companies
- Founded
- 2009
- Headquarters
- Shanghai, China
- Listed
- SZSE: 600732
- Tier 1 bankable
- Yes
ReNew is a leading decarbonization company and one of the largest renewable energy independent power producers in India. Founded in 2011 by Sumant Sinha, the company delivers end-to-end decarbonization solutions, including wind, solar, hydropower, green hydrogen, energy storage, carbon credits and energy services...
- Founded
- 2011
- Headquarters
- Gurugram, India
- Annual capacity
- 6+ GW/year
- Employees
- 4,336
- Listed
- NASDAQ: RNW, RNWWW
Catalogue against catalogue
An average over a catalogue describes the range a manufacturer publishes, not the module you would buy. A brand with two flagship panels and eighty older ones averages worse than one that has retired its back catalogue.
What each of them builds
AIKO skews to higher efficiency: 85% of lineup is 23%+
AIKO offers more 600W+ panels (60% of lineup)
Dominant cell tech: <strong>Back Contact</strong> (83%)
Dominant cell tech: <strong>PERC</strong> (57%)
The flagships
Written summary
Renew Photovoltaics is the solar manufacturing arm of ReNew Energy Global, a NASDAQ-listed Indian independent power producer headquartered in Gurgaon. Its manufacturing division was established in 2021 and operates a 6.4 GW module facility in Jaipur, Rajasthan, alongside a 2.5 GW cell plant, with a further 4 GW TOPCon cell facility under construction in Dholera, Gujarat, backed by a $100 million investment from British International Investment confirmed in May 2025. No BloombergNEF Tier 1 classification for Renew Photovoltaics as a third-party module supplier was found in available sources. AIKO Solar, by contrast, is a Chinese manufacturer that achieved BloombergNEF Tier 1 bankability status in Q3 2024 and carries a reported production capacity in the range of 20 GW, giving it a considerably larger institutional footprint on global financing markets.
The two companies occupy quite different product niches. Renew Photovoltaics primarily serves ReNew's own large-scale utility projects in India, with surplus modules sold domestically to customers such as NTPC - making it effectively an integrated captive manufacturer rather than a broad-market brand. AIKO, by contrast, has built its commercial identity around its proprietary N-type all-back-contact (ABC) cell architecture. Its Neostar residential series has posted independently verified mass-production module efficiencies above 24%, with pv-magazine and PV Tech reporting a 24.8% commercial benchmark in late 2025 and a 25% milestone in mass production shortly after. AIKO supports these panels with a 30-year performance warranty and took first place in the 2025 SolarQuotes Installers' Choice Awards in Australia, reflecting genuine installer-level adoption across residential and light commercial rooftops.
For buyers outside India - particularly those seeking premium residential or commercial rooftop panels with a verifiable efficiency edge and bankable third-party credentials - AIKO is the stronger default choice in 2025. Renew Photovoltaics is most relevant for domestic Indian procurement, especially utility-scale projects that benefit from India's Approved List of Models and Manufacturers (ALMM) compliance and local content requirements. The two brands are not meaningfully interchangeable given their geographic focus and target customer base.
Generated by Claude Sonnet · 2026-05-16
Other brand comparisons
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Comparisons are computed from manufacturer datasheets held in the ComparePV database and may not reflect a brand's complete current lineup. Nothing on this page is paid placement.