---
title: "Luxen Solar Energy vs Waaree - Brand Comparison | ComparePV"
description: "Compare Luxen Solar Energy vs Waaree solar panels: full portfolio, efficiency, cell technology breakdown, warranty terms and company background."
source: "https://comparepv.com/luxen-solar-energy-vs-waaree"
---

# Luxen Solar Energy vs Waaree

Waaree has the broader catalog (222 vs 151 models). Luxen Solar Energy leads on peak efficiency at 24.80%. Luxen Solar Energy leans bifacial (52% of lineup).


## The two companies


| Attribute | Luxen Solar Energy | Waaree |
| --- | --- | --- |
| Country | China | India |
| Headquarters | Suzhou | Mumbai |
| Founded | 2005 | 1990 |
| Employees | 500+ | 8500+ |
| Annual capacity | 3 GW/year | 13.3 GW/year |
| Tier 1 | yes | yes |
| Listed |  | NSE: WAAREEENER |
| Website | [http://www.luxensolar.com](http://www.luxensolar.com) | [https://www.waaree.com/](https://www.waaree.com/) |

Luxen Solar is a global company dedicated to the production and sales of high-power, low-attenuation solar photovoltaic modules. The company was founded in Spain and has since established manufacturing facilities and branches in various countries. Luxen is recognized as a Tier 1 manufacturer by BloombergNEF and is...

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 | Luxen Solar Energy | Waaree | Margin |
| --- | --- | --- | --- |
| Panel Models | 151 | 222 | +71 |
| Max Power | 720 W | 730 W | +10 W |
| Avg Power | 567 W | 371 W | +196 W |


## Efficiency


| Measure | Luxen Solar Energy | Waaree | Margin |
| --- | --- | --- | --- |
| Max Efficiency | 24.80% | 23.51% | +1.29 pp |
| Avg Efficiency | 22.42% | 18.39% | +4.03 pp |


## Reliability & Warranty


| Measure | Luxen Solar Energy | Waaree | Margin |
| --- | --- | --- | --- |
| Avg Temp Coefficient | -0.293%/°C | -0.362%/°C | +0.069 |
| Bifacial Share | 78 (52%) | 85 (38%) | +13 pp |
| Avg Warranty | 29.6 yrs | 21.7 yrs | +7.9 yr |


## Efficiency distribution

Luxen Solar Energy skews to higher efficiency: 11% of lineup is 23%+


| Efficiency band | Luxen Solar Energy | Waaree |
| --- | --- | --- |
| 20-21% | 2 (1.3%) | 47 (21.2%) |
| 21-22% | 28 (18.5%) | 14 (6.3%) |
| 22-23% | 104 (68.9%) | 13 (5.9%) |
| 23%+ | 17 (11.3%) | 9 (4.1%) |
| \<20% | 0 | 139 (62.6%) |


## Power distribution

Luxen Solar Energy offers more 600W+ panels (43% of lineup)


| Power band | Luxen Solar Energy | Waaree |
| --- | --- | --- |
| 400-499W | 42 (27.8%) | 35 (15.8%) |
| 500-599W | 44 (29.1%) | 36 (16.2%) |
| 600-699W | 58 (38.4%) | 20 (9.0%) |
| 700W+ | 7 (4.6%) | 7 (3.2%) |
| \<400W | 0 | 124 (55.9%) |


## Cell technology

Dominant cell tech: **N-type** (81%)

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


| Technology | Luxen Solar Energy | Waaree |
| --- | --- | --- |
| N-type | 123 (81.5%) | 8 (3.6%) |
| Back Contact | 14 (9.3%) | 0 |
| PERC | 10 (6.6%) | 107 (48.2%) |
| Unknown | 3 (2.0%) | 88 (39.6%) |
| TOPCon | 1 (0.7%) | 12 (5.4%) |
| HJT | 0 | 7 (3.2%) |


## Top panels, Luxen Solar Energy


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [LNET-720ND](https://comparepv.com/panel/luxen-solar-energy-lnet-720nd) | 720 | 23.2 | -0.300 | Monocrystalline |
| 2 | [LNET-715ND](https://comparepv.com/panel/luxen-solar-energy-lnet-715nd) | 715 | 23.0 | -0.300 | Monocrystalline |
| 3 | [LNET-710ND](https://comparepv.com/panel/luxen-solar-energy-lnet-710nd) | 710 | 22.9 | -0.300 | Monocrystalline |
| 4 | [LNET-705N](https://comparepv.com/panel/luxen-solar-energy-lnet-705n) | 705 | 22.7 | -0.290 | Monocrystalline |
| 5 | [LNET-705ND](https://comparepv.com/panel/luxen-solar-energy-lnet-705nd) | 705 | 22.7 | -0.300 | Monocrystalline |
| 6 | [LNET-700N](https://comparepv.com/panel/luxen-solar-energy-lnet-700n) | 700 | 22.5 | -0.290 | Monocrystalline |
| 7 | [LNET-700ND](https://comparepv.com/panel/luxen-solar-energy-lnet-700nd) | 700 | 22.5 | -0.300 | Monocrystalline |
| 8 | [LNET-695ND](https://comparepv.com/panel/luxen-solar-energy-lnet-695nd) | 695 | 22.4 | -0.300 | Monocrystalline |
| 9 | [LNET-695N](https://comparepv.com/panel/luxen-solar-energy-lnet-695n) | 695 | 22.4 | -0.290 | Monocrystalline |
| 10 | [LNET-690N](https://comparepv.com/panel/luxen-solar-energy-lnet-690n) | 690 | 22.2 | -0.290 | 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

Waaree Energies is an Indian manufacturer headquartered in Mumbai and operating since 1989, making it the far more established institutional player of the two: it is India's largest ALMM-approved solar manufacturer, carries BloombergNEF Tier 1 status, and by late 2025 had scaled to roughly 22.3 GW of global module capacity, including a 5.4 GW cell plant in Gujarat and a module facility in the United States. Luxen Solar Energy, by contrast, is a smaller specialist founded in Spain in 2005 with its European operational headquarters in Vienna and its production base in Nantong, China, established in 2011; it has held BNEF Tier 1 status since 2022 and PV Tech bankability recognition, with current output around 3 GW annually and a stated target of 10 GW by 2026.

Both brands sell into residential, commercial and utility-scale segments, but their depth differs. Luxen's core offering centers on bifacial 108-cell TOPCon modules in the 430-440W range with average efficiency near 21.4 percent and warranty terms extending to 15-20 years on the product side, positioning it as a technology-focused module supplier. Waaree operates a much broader value chain spanning ingots, wafers, cells, modules, inverters, battery storage and turnkey EPC services, which makes it a frequent presence in large utility and government tender projects in addition to rooftop solar for homes and businesses.

For a buyer prioritizing manufacturing scale, supply-chain integration and a longer industrial track record, Waaree is the stronger default, particularly for utility-scale or large commercial projects. For rooftop residential or small commercial installations where a compact, technology-forward TOPCon module is sufficient, Luxen is a reasonable and largely interchangeable Tier 1 alternative, with the main practical difference being Waaree's considerably larger production footprint and vertically integrated supply chain.

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


## Other comparisons

- [Luxen Solar Energy vs A.B. Energy](https://comparepv.com/luxen-solar-energy-vs-a-b-energy)
- [AE Solar vs Waaree](https://comparepv.com/ae-solar-vs-waaree)
- [Luxen Solar Energy vs AEET](https://comparepv.com/luxen-solar-energy-vs-aeet)
- [AIKO vs Waaree](https://comparepv.com/aiko-vs-waaree)
- [Luxen Solar Energy vs AKCOME](https://comparepv.com/luxen-solar-energy-vs-akcome)
- [ARTsolar vs Waaree](https://comparepv.com/artsolar-vs-waaree)


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Source: https://comparepv.com/luxen-solar-energy-vs-waaree

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