---
title: "HT-SAAE vs Waaree - Brand Comparison | ComparePV"
description: "Compare HT-SAAE vs Waaree solar panels: full portfolio, efficiency, cell technology breakdown, warranty terms and company background."
source: "https://comparepv.com/ht-saae-vs-waaree"
---

# HT-SAAE vs Waaree

Waaree has the broader catalog (222 vs 112 models). HT-SAAE leads on peak efficiency at 23.90%.


## The two companies


| Attribute | HT-SAAE | Waaree |
| --- | --- | --- |
| Country | China | India |
| Headquarters | Shanghai | Mumbai |
| Founded | 1998 | 1990 |
| Employees | 500+ | 8500+ |
| Annual capacity | 2+ GW/year | 13.3 GW/year |
| Tier 1 | yes | yes |
| Listed | Shanghai Stock Exchange: 600151:SHH | NSE: WAAREEENER |
| Website | [http://www.ht-saae.com](http://www.ht-saae.com) | [https://www.waaree.com/](https://www.waaree.com/) |

HT-SAAE (Shanghai Aerospace Automobile Electromechanical Co., Ltd.) is a state-owned enterprise specializing in photovoltaic products. The company integrates polysilicon, solar cells, battery packs, and photovoltaic + energy storage systems. They develop and manufacture solar panels for residential, commercial, and...

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 | HT-SAAE | Waaree | Margin |
| --- | --- | --- | --- |
| Panel Models | 112 | 222 | +110 |
| Max Power | 715 W | 730 W | +15 W |
| Avg Power | 470 W | 371 W | +99 W |


## Efficiency


| Measure | HT-SAAE | Waaree | Margin |
| --- | --- | --- | --- |
| Max Efficiency | 23.90% | 23.51% | +0.39 pp |
| Avg Efficiency | 20.47% | 18.39% | +2.07 pp |


## Reliability & Warranty


| Measure | HT-SAAE | Waaree | Margin |
| --- | --- | --- | --- |
| Avg Temp Coefficient | -0.322%/°C | -0.362%/°C | +0.040 |
| Bifacial Share | 53 (47%) | 85 (38%) | +9 pp |
| Avg Warranty | 29.1 yrs | 21.7 yrs | +7.4 yr |


## Efficiency distribution

HT-SAAE skews to higher efficiency: 24% of lineup is 23%+


| Efficiency band | HT-SAAE | Waaree |
| --- | --- | --- |
| \<20% | 30 (26.8%) | 139 (62.6%) |
| 20-21% | 4 (3.6%) | 47 (21.2%) |
| 21-22% | 12 (10.7%) | 14 (6.3%) |
| 22-23% | 39 (34.8%) | 13 (5.9%) |
| 23%+ | 27 (24.1%) | 9 (4.1%) |


## Power distribution

HT-SAAE offers more 600W+ panels (18% of lineup)


| Power band | HT-SAAE | Waaree |
| --- | --- | --- |
| \<400W | 30 (26.8%) | 124 (55.9%) |
| 400-499W | 33 (29.5%) | 35 (15.8%) |
| 500-599W | 29 (25.9%) | 36 (16.2%) |
| 600-699W | 16 (14.3%) | 20 (9.0%) |
| 700W+ | 4 (3.6%) | 7 (3.2%) |


## Cell technology

Dominant cell tech: **TOPCon** (79%)

Dominant cell tech: **PERC** (48%)


| Technology | HT-SAAE | Waaree |
| --- | --- | --- |
| TOPCon | 88 (78.6%) | 12 (5.4%) |
| PERC | 19 (17.0%) | 107 (48.2%) |
| Unknown | 5 (4.5%) | 88 (39.6%) |
| N-type | 0 | 8 (3.6%) |
| HJT | 0 | 7 (3.2%) |


## Top panels, HT-SAAE


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [HT66-210(ND)-F 715W](https://comparepv.com/panel/ht-saae-ht66-210-nd-f-715w) | 715 | 23.0 | -0.310 | Monocrystalline |
| 2 | [HT66-210(ND)-F 710W](https://comparepv.com/panel/ht-saae-ht66-210-nd-f-710w) | 710 | 22.9 | -0.310 | Monocrystalline |
| 3 | [HT66-210(ND)-F 705W](https://comparepv.com/panel/ht-saae-ht66-210-nd-f-705w) | 705 | 22.7 | -0.310 | Monocrystalline |
| 4 | [HT66-210(ND)-F 700W](https://comparepv.com/panel/ht-saae-ht66-210-nd-f-700w) | 700 | 22.5 | -0.310 | Monocrystalline |
| 5 | [HT66-210(ND)-F 695W](https://comparepv.com/panel/ht-saae-ht66-210-nd-f-695w) | 695 | 22.4 | -0.310 | Monocrystalline |
| 6 | [HT66-18X(N)-630W](https://comparepv.com/panel/ht-saae-ht66-18x-n-630w) | 630 | 23.3 | -0.310 | Monocrystalline |
| 7 | [HT66-18X(N)-625W](https://comparepv.com/panel/ht-saae-ht66-18x-n-625w) | 625 | 23.1 | -0.310 | Monocrystalline |
| 8 | [HT66-18X(ND)-F 620W](https://comparepv.com/panel/ht-saae-ht66-18x-nd-f-620w) | 620 | 23.0 | -0.310 | Monocrystalline |
| 9 | [HT66-18X(N)-620W](https://comparepv.com/panel/ht-saae-ht66-18x-n-620w) | 620 | 23.0 | -0.310 | Monocrystalline |
| 10 | [HT66-18X(ND)-F-620](https://comparepv.com/panel/ht-saae-ht66-18x-nd-f-620) | 620 | 23.0 | -0.310 | 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

HT-SAAE is a Chinese state-owned enterprise headquartered in Shanghai, operating under the full name Shanghai Aerospace Automobile Electromechanical Co., Ltd. Its roots trace back to 1960, when the company developed photovoltaic technology for China's satellite program, before transitioning to commercial solar module production in 2000. HT-SAAE holds a Bloomberg New Energy Finance Tier 1 bankable manufacturer status and operates production bases in China, Inner Mongolia, and Turkey, with an estimated annual manufacturing capacity of around 1.5 GW. Waaree Energies, headquartered in Mumbai, India, is a substantially larger player: the company has maintained Tier 1 status for 35 consecutive quarters and became the first Indian solar module manufacturer to receive an 'A' bankability rating from PV Tech's ModuleTech. By late 2025, Waaree's global manufacturing capacity had surpassed 22 GW - over 20 GW in India and 2.6 GW in the United States - and the company crossed the milestone of producing more than 1 GW of modules in a single month. On institutional footprint and lender recognition, Waaree leads clearly.

HT-SAAE's product portfolio covers modules built on TOPCon and HJT cell technologies, spanning from smaller residential formats up to panels exceeding 700 W, making them suitable for rooftop residential systems as well as commercial and industrial applications. The brand's international distribution network, while present across multiple continents, remains comparatively lean. Waaree's lineup centers on n-type TOPCon modules across a wide power range, with demonstrated capability to supply large-scale utility projects - the company has completed supply agreements at the 150 MW level and above - alongside smaller commercial and residential kits. Waaree's expanding European presence gives it a logistical edge for buyers outside Asia.

For most international buyers evaluating these two brands, Waaree offers a stronger default case: greater manufacturing scale, superior bankability credentials, and broader geographic reach that simplifies project financing. HT-SAAE remains a credible Tier 1 choice, particularly where HJT technology or a specific price-to-specification ratio is the deciding factor. In practice, the two brands are broadly interchangeable for standard commercial projects, and local distributor support and contract terms should weigh heavily in the final decision.

Written by claude-sonnet from the figures above.


## Other comparisons

- [HT-SAAE vs A.B. Energy](https://comparepv.com/ht-saae-vs-a-b-energy)
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- [AIKO vs Waaree](https://comparepv.com/aiko-vs-waaree)
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- [ARTsolar vs Waaree](https://comparepv.com/artsolar-vs-waaree)


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Source: https://comparepv.com/ht-saae-vs-waaree

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