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

# Phono Solar vs Waaree

Waaree has the broader catalog (222 vs 174 models). Waaree leads on peak efficiency at 23.51%.


## The two companies


| Attribute | Phono Solar | Waaree |
| --- | --- | --- |
| Country | China | India |
| Headquarters | Nanjing | Mumbai |
| Founded | 2004 | 1990 |
| Employees | 13000+ | 8500+ |
| Annual capacity | 3-4 GW/year | 13.3 GW/year |
| Tier 1 | yes | yes |
| Listed |  | NSE: WAAREEENER |
| Website | [https://www.phonosolar.com](https://www.phonosolar.com) | [https://www.waaree.com/](https://www.waaree.com/) |

Phono Solar Technology Co., Ltd. specializes in the research, development, and manufacture of photovoltaic solar panels and is a global provider of solar products and services. The company is affiliated with SUMEC Group, a subsidiary of China National Machinery Industry Corporation (SINOMACH). Phono Solar has been...

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 | Phono Solar | Waaree | Margin |
| --- | --- | --- | --- |
| Panel Models | 174 | 222 | +48 |
| Max Power | 730 W | 730 W |  |
| Avg Power | 515 W | 371 W | +144 W |


## Efficiency


| Measure | Phono Solar | Waaree | Margin |
| --- | --- | --- | --- |
| Max Efficiency | 23.50% | 23.51% | +0.01 pp |
| Avg Efficiency | 21.77% | 18.39% | +3.38 pp |


## Reliability & Warranty


| Measure | Phono Solar | Waaree | Margin |
| --- | --- | --- | --- |
| Avg Temp Coefficient | -0.306%/°C | -0.362%/°C | +0.056 |
| Bifacial Share | 74 (43%) | 85 (38%) | +4 pp |
| Avg Warranty | 27.1 yrs | 21.7 yrs | +5.4 yr |


## Efficiency distribution

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


| Efficiency band | Phono Solar | Waaree |
| --- | --- | --- |
| \<20% | 3 (1.7%) | 139 (62.6%) |
| 20-21% | 37 (21.3%) | 47 (21.2%) |
| 21-22% | 53 (30.5%) | 14 (6.3%) |
| 22-23% | 62 (35.6%) | 13 (5.9%) |
| 23%+ | 19 (10.9%) | 9 (4.1%) |


## Power distribution

Phono Solar offers more 600W+ panels (20% of lineup)


| Power band | Phono Solar | Waaree |
| --- | --- | --- |
| \<400W | 10 (5.7%) | 124 (55.9%) |
| 400-499W | 78 (44.8%) | 35 (15.8%) |
| 500-599W | 51 (29.3%) | 36 (16.2%) |
| 600-699W | 23 (13.2%) | 20 (9.0%) |
| 700W+ | 12 (6.9%) | 7 (3.2%) |


## Cell technology

Dominant cell tech: **PERC** (37%)

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


| Technology | Phono Solar | Waaree |
| --- | --- | --- |
| PERC | 65 (37.4%) | 107 (48.2%) |
| TOPCon | 53 (30.5%) | 12 (5.4%) |
| N-type | 50 (28.7%) | 8 (3.6%) |
| HJT | 5 (2.9%) | 7 (3.2%) |
| Back Contact | 1 (0.6%) | 0 |
| Unknown | 0 | 88 (39.6%) |


## Top panels, Phono Solar


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [PS730M13GFH-22/WSHW](https://comparepv.com/panel/phono-solar-co-ltd-phono-solar-technology-co-ltd-ps730m13gfh-22-wshw) | 730 | 23.5 | -0.240 | Monocrystalline |
| 2 | [NS-730MH-132](https://comparepv.com/panel/phono-solar-ns-730mh-132) | 730 | 23.5 | -0.290 | Monocrystalline |
| 3 | [PS725M13GFH-22/WSHW](https://comparepv.com/panel/phono-solar-co-ltd-phono-solar-technology-co-ltd-ps725m13gfh-22-wshw) | 725 | 23.3 | -0.240 | Monocrystalline |
| 4 | [PS720M13GFH-22/WSHW](https://comparepv.com/panel/phono-solar-co-ltd-phono-solar-technology-co-ltd-ps720m13gfh-22-wshw) | 720 | 23.2 | -0.240 | Monocrystalline |
| 5 | [NS-720MH-132](https://comparepv.com/panel/phono-solar-ns-720mh-132) | 720 | 23.2 | -0.290 | Monocrystalline |
| 6 | [PS715M13GFH-22/WSHW](https://comparepv.com/panel/phono-solar-co-ltd-phono-solar-technology-co-ltd-ps715m13gfh-22-wshw) | 715 | 23.0 | -0.240 | Monocrystalline |
| 7 | [PS710M13GFH-22/WNH](https://comparepv.com/panel/phono-solar-technology-co-ltd-ps710m13gfh-22-wnh) | 710 | 22.9 | -0.290 | Monocrystalline |
| 8 | [PS710M13GFH-22/WSHW](https://comparepv.com/panel/phono-solar-co-ltd-phono-solar-technology-co-ltd-ps710m13gfh-22-wshw) | 710 | 22.9 | -0.240 | Monocrystalline |
| 9 | [NS-710MH-132](https://comparepv.com/panel/phono-solar-ns-710mh-132) | 710 | 22.9 | -0.290 | Monocrystalline |
| 10 | [PS705M13GFH-22/WNH](https://comparepv.com/panel/phono-solar-technology-co-ltd-ps705m13gfh-22-wnh) | 705 | 22.7 | -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

Phono Solar is a Chinese manufacturer headquartered in Nanjing, established in 2008 under the SUMEC Group - a subsidiary of Sinomach (China National Machinery Industry Corporation). The company has maintained Bloomberg NEF Tier 1 bankability status since 2014, has shipped more than 20 GW of modules cumulatively, and operates an annual manufacturing capacity of approximately 4 GW. Waaree Energies is an Indian manufacturer founded in 1990 in Mumbai, which entered solar module production in 2007 and has since grown into India's largest producer in the sector. By late 2025 Waaree's global module capacity stood at 22.3 GW - 19.7 GW in India and 2.6 GW in the United States - and the company became the first Indian manufacturer to earn a PV Tech 'A' bankability rating. In production scale and global institutional profile Waaree leads, though Phono Solar's decade-long Tier 1 record and European offices in Germany and the UK give it a more established standing with EU buyers.

Phono Solar's current lineup centers on the Draco Series built on TOPCon technology - certified by Germany's DIBt - and the Helios Series using HJT cells, reaching up to 730 Wp. The brand is active in European utility farms, commercial carport systems, and residential rooftops, and earned a Kiwa PVEL Top Performer 2025 award for the eighth consecutive year, reinforcing its independent quality credentials. Waaree offers PERC, TOPCon, and HJT modules under series names including Ahnay, Arka, Elite, and Plexus, with output ratings from roughly 500 Wp to over 700 Wp. The Plexus HJT line uses dual-glass bifacial construction and posts a degradation rate of 0.3% per year after year one. Both manufacturers address residential, commercial and industrial, and utility-scale segments, with Waaree also targeting European growth under the EU Net-Zero Industry Act.

For most international buyers the choice comes down to geography and supply-chain priorities. Phono Solar is the stronger fit for European projects, supported by a long Tier 1 track record, EUPD Top Brand PV recognition, and an established distribution network across the continent. Waaree is the better default for India, Southeast Asia, and the United States, where its domestic manufacturing scale and rising bankability credentials carry practical weight. Across technology mix and warranty terms the two brands are broadly interchangeable, and neither carries a meaningful quality premium over the other for standard commercial or utility applications.

Written by claude-sonnet from the figures above.


## Other comparisons

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


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Source: https://comparepv.com/phono-solar-vs-waaree

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