---
title: "Heliene vs Waaree - Brand Comparison | ComparePV"
description: "Compare Heliene vs Waaree solar panels: full portfolio, efficiency, cell technology breakdown, warranty terms and company background."
source: "https://comparepv.com/heliene-vs-waaree"
image: "https://comparepv.com/og/compare/manufacturers/heliene/waaree.png"
---

# Heliene vs Waaree

Waaree has the broader catalog (222 vs 91 models). Waaree leads on peak efficiency at 23.51%. Heliene leans bifacial (65% of lineup).


## The two companies


| Attribute | Heliene | Waaree |
| --- | --- | --- |
| Country | Canada | India |
| Headquarters | Sault Ste. Marie | Mumbai |
| Founded | 2010 | 1990 |
| Employees | 200-600 | 8500+ |
| Annual capacity | 1.3 GW/year | 13.3 GW/year |
| Tier 1 | yes | yes |
| Listed |  | NSE: WAAREEENER |
| Website | [https://heliene.com](https://heliene.com) | [https://www.waaree.com/](https://www.waaree.com/) |

Heliene is a North American headquartered manufacturer of high-quality, competitively priced solar photovoltaic modules. They have manufacturing operations in the US and Canada, and a global supply chain capability. Heliene is committed to providing reliable and high-performing solar solutions for utility-scale...

Waaree Energies Ltd. is a leading global energy transition company committed to delivering innovative, high-quality solar and sustainable energy solutions. Established in 1990 and headquartered in Mumbai, India, the company operates across 20+ countries with an integrated portfolio that spans solar modules, EPC...


## Catalog & Power


| Measure | Heliene | Waaree | Margin |
| --- | --- | --- | --- |
| Panel Models | 91 | 222 | +131 |
| Max Power | 710 W | 730 W | +20 W |
| Avg Power | 528 W | 371 W | +157 W |


## Efficiency


| Measure | Heliene | Waaree | Margin |
| --- | --- | --- | --- |
| Max Efficiency | 23.08% | 23.51% | +0.43 pp |
| Avg Efficiency | 21.47% | 18.39% | +3.07 pp |


## Reliability & Warranty


| Measure | Heliene | Waaree | Margin |
| --- | --- | --- | --- |
| Avg Temp Coefficient | -0.315%/°C | -0.362%/°C | +0.047 |
| Bifacial Share | 59 (65%) | 85 (38%) | +27 pp |
| Avg Warranty | 25.0 yrs | 21.7 yrs | +3.3 yr |


## Efficiency distribution

Waaree skews to higher efficiency: 4% of lineup is 23%+


| Efficiency band | Heliene | Waaree |
| --- | --- | --- |
| \<20% | 4 (4.4%) | 139 (62.6%) |
| 20-21% | 29 (31.9%) | 47 (21.2%) |
| 21-22% | 21 (23.1%) | 14 (6.3%) |
| 22-23% | 35 (38.5%) | 13 (5.9%) |
| 23%+ | 2 (2.2%) | 9 (4.1%) |


## Power distribution

Heliene offers more 600W+ panels (21% of lineup)


| Power band | Heliene | Waaree |
| --- | --- | --- |
| \<400W | 10 (11.0%) | 124 (55.9%) |
| 400-499W | 22 (24.2%) | 35 (15.8%) |
| 500-599W | 40 (44.0%) | 36 (16.2%) |
| 600-699W | 16 (17.6%) | 20 (9.0%) |
| 700W+ | 3 (3.3%) | 7 (3.2%) |


## Cell technology

Dominant cell tech: PERC (43%)

Dominant cell tech: PERC (48%)


| Technology | Heliene | Waaree |
| --- | --- | --- |
| PERC | 39 (42.9%) | 107 (48.2%) |
| N-type | 27 (29.7%) | 8 (3.6%) |
| TOPCon | 20 (22.0%) | 12 (5.4%) |
| HJT | 5 (5.5%) | 7 (3.2%) |
| Unknown | 0 | 88 (39.6%) |


## Top panels, Heliene


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [132HC-710 G12 HJT Bifacial Module](https://comparepv.com/panel/heliene-132hc-710-g12-hjt-bifacial-module) | 710 | 22.9 | -0.260 | Monocrystalline |
| 2 | [132HC-705 G12 HJT Bifacial Module](https://comparepv.com/panel/heliene-132hc-705-g12-hjt-bifacial-module) | 705 | 22.7 | -0.260 | Monocrystalline |
| 3 | [132HC-700 G12 HJT Bifacial Module](https://comparepv.com/panel/heliene-132hc-700-g12-hjt-bifacial-module) | 700 | 22.5 | -0.260 | Monocrystalline |
| 4 | [132HC-695 G12 HJT Bifacial Module](https://comparepv.com/panel/heliene-132hc-695-g12-hjt-bifacial-module) | 695 | 22.4 | -0.260 | Monocrystalline |
| 5 | [132HC-690 G12 HJT Bifacial Module](https://comparepv.com/panel/heliene-132hc-690-g12-hjt-bifacial-module) | 690 | 22.2 | -0.260 | Monocrystalline |
| 6 | [156HC-645 M10 NTYP SL](https://comparepv.com/panel/heliene-156hc-645-m10-ntyp-sl) | 645 | 23.1 | -0.300 | Monocrystalline |
| 7 | [156HC-640 M10 NTYP SL](https://comparepv.com/panel/heliene-156hc-640-m10-ntyp-sl) | 640 | 22.9 | -0.300 | Monocrystalline |
| 8 | [156HC-635 M10 NTYP SL BIFACIAL MODULE](https://comparepv.com/panel/heliene-156hc-635-m10-ntyp-sl-bifacial-module) | 635 | 22.7 | -0.300 | Monocrystalline |
| 9 | [156HC-635 M10 NTYP SL](https://comparepv.com/panel/heliene-156hc-635-m10-ntyp-sl) | 635 | 22.7 | -0.300 | Monocrystalline |
| 10 | [156HC-630 M10 NTYP SL BIFACIAL MODULE](https://comparepv.com/panel/heliene-156hc-630-m10-ntyp-sl-bifacial-module) | 630 | 22.6 | -0.300 | Monocrystalline |


## Top panels, Waaree


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [BiH-11-730](https://comparepv.com/panel/waaree-bih-11-730) | 730 | 23.5 | -0.240 | Monocrystalline |
| 2 | [BiH-11-725](https://comparepv.com/panel/waaree-bih-11-725) | 725 | 23.3 | -0.240 | Monocrystalline |
| 3 | [BiH-11-720](https://comparepv.com/panel/waaree-bih-11-720) | 720 | 23.2 | -0.240 | Monocrystalline |
| 4 | [BiH-11-715](https://comparepv.com/panel/waaree-bih-11-715) | 715 | 23.0 | -0.240 | Monocrystalline |
| 5 | [BiH-11-710](https://comparepv.com/panel/waaree-bih-11-710) | 710 | 22.9 | -0.240 | Monocrystalline |
| 6 | [BiH-11-705](https://comparepv.com/panel/waaree-bih-11-705) | 705 | 22.7 | -0.240 | Monocrystalline |
| 7 | [BiH-11-700](https://comparepv.com/panel/waaree-bih-11-700) | 700 | 22.5 | -0.240 | Monocrystalline |
| 8 | [Bi-68-665](https://comparepv.com/panel/waaree-bi-68-665) | 665 | 21.3 | -0.340 | Monocrystalline |
| 9 | [WSMD-665](https://comparepv.com/panel/waaree-wsmd-665) | 665 | 21.3 | -0.340 | Monocrystalline |
| 10 | [WSMD-660](https://comparepv.com/panel/waaree-wsmd-660) | 660 | 21.1 | -0.340 | Monocrystalline |


## Summary

Heliene is a Canadian solar module manufacturer headquartered in Sault Ste. Marie, Ontario, operating since 2010 after it was established in response to the province's Green Energy Act aimed at growing local renewable manufacturing jobs. The company holds Tier 1 status and runs production lines in both Canada and the United States, where its Minnesota facilities, including a newly added Rogers line, have pushed US capacity past 1.3 GW annually, with plans to exceed 1.5 GW. Waaree Energies, founded in 1989 and headquartered in Mumbai, is India's largest solar module maker and is likewise recognized as Tier 1 by BloombergNEF, with global manufacturing capacity reaching roughly 22.3 GW by the end of 2025, giving it a substantially larger industrial footprint than Heliene.

Heliene's catalog spans PERC, bifacial, HJT and TOPCon panels rated from 380 to 710 watts, serving residential, commercial and utility-scale projects, with the company frequently marketing its North American manufacturing base as a selling point for buyers seeking domestic-content or shorter supply chains. Waaree fields a broader lineup under its Ahnay, Arka, Elite and Plexus series, built on Mono PERC, N-type TOPCon and bifacial HJT technology with modules exceeding 700 watts, addressing rooftop residential systems as well as large utility-scale developments across India and export markets.

For an international buyer, both brands are legitimate Tier 1 choices but differ in emphasis: Heliene tends to appeal where North American-based production and a more focused product range matter, while Waaree's advantage lies in sheer manufacturing scale and product breadth, which often supports more competitive pricing on large orders. For most residential and commercial installations, the two brands can be treated as largely interchangeable in terms of bankability.

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


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Source: https://comparepv.com/heliene-vs-waaree

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