Hanersun vs Vikram Solar - solar panel manufacturer comparison
Hanersun has the broader catalog (254 vs 202 models). Hanersun leads on peak efficiency at 24.80%. Vikram Solar leans bifacial (74% 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
Vikram Solar Limited is a leading Indian solar photovoltaic (PV) module manufacturer and solar solutions provider. They offer engineering, procurement, construction (EPC), and operations & maintenance (O&M) services for solar plants. The company manufactures high-efficiency solar PV modules and has a pan-India...
- Founded
- 2005
- Headquarters
- Kolkata, India
- Annual capacity
- 9.5 GW/year
- Employees
- 1,895
- Listed
- NSE, BSE: VIKRAMSOLR
- 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
Hanersun skews to higher efficiency: 22% of lineup is 23%+
Vikram Solar offers more 600W+ panels (42% of lineup)
Dominant cell tech: <strong>TOPCon</strong> (67%)
Dominant cell tech: <strong>PERC</strong> (75%)
The flagships
Written summary
Hanersun is a Chinese solar module manufacturer founded in 2015 and headquartered in Nanjing, operating through branches in the US, Europe, Japan and Australia with a presence in over 100 countries. It has appeared on BloombergNEF's Tier 1 list since the second quarter of 2023 and debuted on PV Tech's ModuleTech bankability report with a CCC+ rating, running an annual production capacity of roughly 5 GW and cumulative shipments exceeding 16 GW by the end of 2025. Vikram Solar, by contrast, is an Indian manufacturer founded in 2006 in Kolkata that has grown its manufacturing footprint to about 9.5 GW annually following the recent commissioning of its Vallam facility in Tamil Nadu, also holds BloombergNEF Tier 1 status (confirmed in the first quarter of 2024), and became a publicly listed company on India's BSE and NSE exchanges in August 2025 - giving it a considerably larger industrial base and stronger institutional footing than Hanersun.
Hanersun's product line leans heavily toward ultra-high-power modules, having been among the first manufacturers to launch 600 W+ and later 700 W+ panels, making it a natural fit for utility-scale and large ground-mount projects that prioritize maximum output per module, though it also serves residential rooftop buyers. Vikram Solar carries a broader portfolio spanning rooftop and distributed solar, utility-scale ground-mount installations, and full EPC plus O&M services, and after upgrading its production lines it now manufactures modules using TOPCon and HJT cell technology, positioning it as a flexible option for both commercial and larger-scale developers.
For a typical international buyer, both brands clear the basic Tier 1 bankability bar, but Vikram Solar stands out on manufacturing scale, longer operating history, and its status as a newly listed public company, which can translate into greater confidence for project financiers. Hanersun remains a compelling niche choice where per-module power density is the priority, though its shorter track record means warranty terms and local after-sales support are worth scrutinizing more closely before committing to large deployments.
Generated by Claude Sonnet 5 · 2026-08-01
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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.