Hyundai vs VEDA Solar - solar panel manufacturer comparison
Hyundai has the broader catalog (65 vs 6 models). VEDA Solar leads on peak efficiency at 23.60%. VEDA Solar 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
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
VEDA SOLAR PRIVATE LIMITED is a private company that operates in the electricity, gas, steam, and air conditioning supply industry. The company is registered in Gujarat, India.
- Founded
- 2024
- Headquarters
- Surat, Gujarat, India
- Annual capacity
- 1.5 GW/year
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
VEDA Solar skews to higher efficiency: 33% of lineup is 23%+
VEDA Solar offers more 600W+ panels (33% of lineup)
Dominant cell tech: <strong>HJT</strong> (38%)
Dominant cell tech: <strong>TOPCon</strong> (100%)
The flagships
Written summary
Hyundai's solar division - operating as HD Hyundai Energy Solutions, a subsidiary of South Korean industrial conglomerate Hyundai Heavy Industries - has been manufacturing photovoltaic modules since 2005 and holds confirmed Tier 1 bankable status under BloombergNEF criteria. The company operates module manufacturing capacity of approximately 1.35 GW in South Korea, supported by a comparably scaled cell factory. Its two-decade track record, international certifications including IEC 61215, IEC 61730, and UL 1703, and established project-finance history give it a materially stronger institutional footprint than most newer entrants. VEDA Solar is an Indian manufacturer headquartered in Surat, Gujarat, that began commercial production at a declared 1.5 GW facility in 2026. It does not appear on current BloombergNEF Tier 1 lists, placing it in a different bankability category despite comparable stated production scale.
Hyundai's catalog is oriented toward residential and commercial rooftop applications, with recent flagship lines built around N-type TOPCon cell technology reaching module efficiencies of up to roughly 22.5%, alongside shingled-cell variants and reported development work on HJT. Panels carry 25 to 30-year warranties and are distributed across North America, Europe, and Australia. VEDA Solar's current commercial portfolio centers on high-wattage modules in the 550 Wp to 630 Wp range, also using N-type TOPCon and bifacial technology, targeting B2B buyers in the commercial and utility-scale segment primarily within India and nearby emerging markets. BIS certification confirms domestic quality compliance, but the company's international distribution and service network remain limited by comparison.
For most buyers outside India, Hyundai is the more defensible default for 2025-2026: its Tier 1 bankability, global installer network, and long warranty track record reduce financing and longevity risk. VEDA Solar is a credible option for cost-conscious commercial or utility buyers operating within India who can accept a newer brand, but it is not yet comparable on institutional trust or geographic reach.
Generated by Claude Sonnet · 2026-06-21
Other brand comparisons
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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.