Avaada vs Hyundai - solar panel manufacturer comparison
Hyundai has the broader catalog (65 vs 12 models). Avaada leads on peak efficiency at 23.60%. Avaada 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
Avaada Group is a diversified Indian clean energy conglomerate active in renewable power generation, solar PV manufacturing, green hydrogen, battery storage, and pumped hydro. Its manufacturing arm, Avaada Electro, produces high-efficiency N-Type TOPCon solar cells and modules and is rapidly scaling capacity in Uttar...
- Founded
- 2009
- Headquarters
- Mumbai, India
- Annual capacity
- 8-10 GW/year
- Employees
- 2000-3000
HD Hyundai Energy Solutions is a global provider of solar cells and modules, offering solutions for residential, commercial, and utility-scale projects. They provide monofacial, bifacial, and shingled PV modules, along with inverters and various PV solutions. The company is committed to developing next-generation...
- Founded
- 2004
- Headquarters
- Seongnam-si, South Korea
- Annual capacity
- 1.35 GW/year
- Employees
- 206
- 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
Avaada skews to higher efficiency: 67% of lineup is 23%+
Avaada offers more 600W+ panels (83% of lineup)
Dominant cell tech: <strong>TOPCon</strong> (92%)
Dominant cell tech: <strong>HJT</strong> (38%)
The flagships
Written summary
Avaada is an Indian renewable energy group founded in 2009 by Vineet Mittal, whose manufacturing arm Avaada Electro was incorporated in 2021 and has rapidly scaled up module production, including a 7 GW facility in Nagpur and a 1.5 GW plant in Dadri, with further TOPCon cell capacity under construction. Hyundai's solar business, HD Hyundai Energy Solutions, operates out of South Korea as part of the broader Hyundai industrial group and has an established track record that includes confirmed placement on BloombergNEF's Tier 1 module list, a designation not clearly documented for Avaada in available sources. Between the two, Hyundai currently carries the stronger institutional footprint globally, backed by decades of Hyundai conglomerate manufacturing experience and third-party bankability recognition, while Avaada's profile is that of a fast-growing domestic Indian champion still building out its international credentials.
Product-wise, Avaada Electro focuses on bifacial glass-to-glass TOPCon modules, including India's first 720 Wp TOPCon panel, and is positioned mainly for utility-scale ground-mount and large commercial projects tied to its parent group's own solar farm portfolio. Hyundai's lineup is broader and more globally distributed, spanning N-Type TOPCon and PERC cell technology across its DJ series for commercial and industrial installations and its UF series for residential rooftops, with some HJT-based full-black modules reaching around 22% efficiency for premium residential use. Hyundai backs its products with notably long warranties, commonly 25-year product and 25-to-30-year performance coverage, which exceeds typical industry terms.
For a typical buyer in 2025, Hyundai is the safer default where confirmed Tier 1 bankability, warranty length, and global distribution matter, particularly for residential or mixed-use projects outside India. Avaada is a compelling choice within the Indian market, especially for utility-scale developers who value domestic manufacturing, rapidly expanding TOPCon capacity, and integration with a major local renewable energy developer, though buyers should independently verify its bankability status for financed projects since it is less consistently documented than Hyundai's.
Generated by Claude Sonnet 5 · 2026-09-30
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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.