Hyundai vs Renew Photovoltaics - solar panel manufacturer comparison
Hyundai has the broader catalog (65 vs 14 models). Renew Photovoltaics leads on peak efficiency at 23.69%. Renew Photovoltaics leans bifacial (93% 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
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
ReNew is a leading decarbonization company and one of the largest renewable energy independent power producers in India. Founded in 2011 by Sumant Sinha, the company delivers end-to-end decarbonization solutions, including wind, solar, hydropower, green hydrogen, energy storage, carbon credits and energy services...
- Founded
- 2011
- Headquarters
- Gurugram, India
- Annual capacity
- 6+ GW/year
- Employees
- 4,336
- Listed
- NASDAQ: RNW, RNWWW
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
Renew Photovoltaics skews to higher efficiency: 7% of lineup is 23%+
Renew Photovoltaics offers more 600W+ panels (14% of lineup)
Dominant cell tech: <strong>HJT</strong> (38%)
Dominant cell tech: <strong>PERC</strong> (57%)
The flagships
Written summary
Hyundai Energy Solutions is a South Korean manufacturer whose solar division traces back to around 2004, operating under the broader HD Hyundai conglomerate originally known for shipbuilding and heavy industry. The company carries BloombergNEF Tier 1 bankability status, has built a 1.37 GW solar cell factory in South Korea, and distributes panels in Europe, North America, Australia, and Asia. Renew Photovoltaics - the solar manufacturing arm of ReNew Energy Global - is an Indian company listed on Nasdaq with a clean energy portfolio reported at 18.2 GW. Its two plants in Jaipur and Dholera together provide roughly 6.4 GW of module and 2.5 GW of cell manufacturing capacity, making it substantially larger by production scale. ReNew's modules earned a "Top Performer" designation from Kiwa PVEL in their 2024 reliability scorecard, though its BloombergNEF Tier 1 module-bankability status was not confirmed in available sources. On institutional footprint in Western project-finance markets, Hyundai's long-standing Tier 1 recognition gives it the stronger position there.
Hyundai's commercial lineup centers on residential and light commercial rooftop installations, with its XG Series monocrystalline PERC panels in the 350-375 W range and its bifacial YH Series reaching 385-410 W with efficiencies around 19-20 percent. The company has also moved into N-type TOPCon modules for buyers seeking higher performance. Renew Photovoltaics targets primarily utility-scale ground-mount and large commercial projects, producing M10 and G12 format bifacial modules in both PERC and TOPCon configurations. Its scale and PLI-scheme backing make it well suited to large procurement contracts, especially in India and emerging markets where cost and volume matter most.
For a buyer in Western markets seeking residential or small commercial panels with established warranty support, Hyundai remains the more accessible and bankable default. Buyers sourcing at utility scale in South Asia or looking for volume at competitive price points will find Renew Photovoltaics more relevant. The two brands serve meaningfully different segments rather than being direct substitutes.
- Complete Review of Hyundai Solar Panels 2025 - SolarReviews
- Hyundai Energy Solutions Solar Panels - EnergySage
- Hyundai builds 1.37 GW solar cell factory in South Korea - PV Magazine
- ReNew Jaipur Solar Manufacturing Plant - Setting New Benchmarks
- ReNew reduces solar module and cell prices following GST cut
Generated by Claude Sonnet · 2026-06-20
Other brand comparisons
Shop prices: See 41 Hyundai 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.