AIKO vs Renewsys - solar panel manufacturer comparison
AIKO has the broader catalog (144 vs 45 models). AIKO leads on peak efficiency at 25.20%. Renewsys leans bifacial (100% 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
RenewSys is the first integrated manufacturer of Solar PV Modules and its key components - Encapsulants, Backsheets, and Solar PV Cells. Established in 2012, RenewSys is the renewable energy arm of the ENPEE Group, a diversified global conglomerate. They have manufacturing facilities in Hyderabad and Bengaluru.
- Founded
- 2011
- Headquarters
- Mumbai, India
- Annual capacity
- 2.5 GW/year
- Employees
- 1,071
- Tier 1 bankable
- Yes
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>TOPCon</strong> (100%)
The flagships
Written summary
RenewSys is an Indian manufacturer headquartered in Hyderabad that operates as a vertically integrated solar producer, making not only PV modules but also encapsulants, backsheets, and cells under one roof. The company has a module production capacity of approximately 2.5 GW and is actively scaling up TOPCon cell lines, with plans for multi-gigawatt cell output by 2026; its encapsulant division is simultaneously expanding toward 30 GW of annual capacity. Bankability recognition from BloombergNEF is not clearly confirmed in recent public sources for RenewSys. AIKO Solar is a Chinese manufacturer that has anchored its identity around proprietary ABC (All Back Contact) n-type cell technology and reported manufacturing scale that dwarfs most peers. AIKO obtained a BloombergNEF Tier 1 ranking in 2024 and won the 2025 SolarQuotes Installers' Choice Awards in Australia. In terms of global institutional footprint and bankability recognition, AIKO currently holds the stronger position.
RenewSys serves primarily the Indian residential, commercial, and utility-scale segments. Its DESERV module lineup covers both PERC and TOPCon variants, with the N-type TOPCon series offering efficiencies in roughly the 21-23% range and power outputs from 420 Wp to 650 Wp - a competitive spread for domestic rooftops and ground-mount utility projects in South Asia. AIKO's portfolio is built around its premium ABC modules, which have recorded mass-production module efficiencies above 24%, consistently topping independent efficiency rankings for residential panels. The ABC design relocates all electrical contacts to the rear of the cell, improving shade tolerance and thermal performance, and AIKO targets premium residential rooftops and high-density commercial installations where maximizing output per square meter justifies a price premium.
For most international buyers in 2025, AIKO is the clearer default recommendation when premium efficiency and global bankability are priorities - especially for space-constrained rooftop projects. RenewSys is a rational choice for buyers within India or neighboring South Asian markets who value a locally manufactured supply chain and want competitive pricing on modern TOPCon modules without requiring top-tier global bankability credentials. The two brands are not interchangeable; they serve substantially different market geographies and buyer profiles.
Generated by Claude Sonnet · 2026-05-16
Other brand comparisons
Shop prices: See 174 AIKO offers · See 5 Renewsys offers
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.