---
title: "Reliance New Energy vs AIKO - Brand Comparison | ComparePV"
description: "Compare Reliance New Energy vs AIKO solar panels: full portfolio, efficiency, cell technology breakdown, warranty terms and company background."
source: "https://comparepv.com/reliance-new-energy-vs-aiko"
---

# Reliance New Energy vs AIKO

AIKO has the broader catalog (144 vs 7 models). AIKO leads on peak efficiency at 25.20%. Reliance New Energy leans bifacial (100% of lineup).


## The two companies


| Attribute | Reliance New Energy | AIKO |
| --- | --- | --- |
| Country | India | China |
| Headquarters | Mumbai | Shanghai |
| Founded | 2021 | 2009 |
| Employees |  |  |
| Annual capacity | 10-20 GW/year |  |
| Tier 1 | yes | yes |
| Listed |  | SZSE: 600732 |
| Website | [https://www.ril.com/businesses/new-energy-materials](https://www.ril.com/businesses/new-energy-materials) | [https://www.aikosolar.com](https://www.aikosolar.com) |

Reliance New Energy Limited (RNEL) is a wholly-owned subsidiary of Reliance Industries Limited, India's largest conglomerate, established to build an integrated renewable energy business. It is developing solar photovoltaic module and cell manufacturing at the Dhirubhai Ambani Green Energy Giga Complex in Jamnagar...


## Catalog & Power


| Measure | Reliance New Energy | AIKO | Margin |
| --- | --- | --- | --- |
| Panel Models | 7 | 144 | +137 |
| Max Power | 720 W | 805 W | +85 W |
| Avg Power | 705 W | 581 W | +124 W |


## Efficiency


| Measure | Reliance New Energy | AIKO | Margin |
| --- | --- | --- | --- |
| Max Efficiency | 23.10% | 25.20% | +2.10 pp |
| Avg Efficiency | 22.64% | 23.65% | +1.01 pp |


## Reliability & Warranty


| Measure | Reliance New Energy | AIKO | Margin |
| --- | --- | --- | --- |
| Avg Temp Coefficient | -0.240%/°C | -0.271%/°C | +0.031 |
| Bifacial Share | 7 (100%) | 35 (24%) | +76 pp |
| Avg Warranty | 30.0 yrs | 29.5 yrs | +0.5 yr |


## Efficiency distribution

AIKO skews to higher efficiency: 85% of lineup is 23%+


| Efficiency band | Reliance New Energy | AIKO |
| --- | --- | --- |
| 22-23% | 5 (71.4%) | 12 (8.3%) |
| 23%+ | 2 (28.6%) | 123 (85.4%) |
| \<20% | 0 | 3 (2.1%) |
| 20-21% | 0 | 3 (2.1%) |
| 21-22% | 0 | 3 (2.1%) |


## Power distribution

Reliance New Energy offers more 600W+ panels (100% of lineup)


| Power band | Reliance New Energy | AIKO |
| --- | --- | --- |
| 600-699W | 2 (28.6%) | 78 (54.2%) |
| 700W+ | 5 (71.4%) | 9 (6.2%) |
| \<400W | 0 | 2 (1.4%) |
| 400-499W | 0 | 50 (34.7%) |
| 500-599W | 0 | 5 (3.5%) |


## Cell technology

Dominant cell tech: **HJT** (100%)

Dominant cell tech: **Back Contact** (83%)


| Technology | Reliance New Energy | AIKO |
| --- | --- | --- |
| HJT | 7 (100.0%) | 0 |
| Back Contact | 0 | 119 (82.6%) |
| N-type | 0 | 17 (11.8%) |
| PERC | 0 | 7 (4.9%) |
| Flexible | 0 | 1 (0.7%) |


## Top panels, Reliance New Energy


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [RNE720AA-66-BGG](https://comparepv.com/panel/reliance-new-energy-rne720aa-66-bgg) | 720 | 23.1 | -0.240 | Monocrystalline |
| 2 | [RNE715AA-66-BGG](https://comparepv.com/panel/reliance-new-energy-rne715aa-66-bgg) | 715 | 23.0 | -0.240 | Monocrystalline |
| 3 | [RNE710AA-66-BGG](https://comparepv.com/panel/reliance-new-energy-rne710aa-66-bgg) | 710 | 22.8 | -0.240 | Monocrystalline |
| 4 | [RNE705AA-66-BGG](https://comparepv.com/panel/reliance-new-energy-rne705aa-66-bgg) | 705 | 22.6 | -0.240 | Monocrystalline |
| 5 | [RNE700AA-66-BGG](https://comparepv.com/panel/reliance-new-energy-rne700aa-66-bgg) | 700 | 22.5 | -0.240 | Monocrystalline |
| 6 | [RNE695AA-66-BGG](https://comparepv.com/panel/reliance-new-energy-rne695aa-66-bgg) | 695 | 22.3 | -0.240 | Monocrystalline |
| 7 | [RNE690AA-66-BGG](https://comparepv.com/panel/reliance-new-energy-rne690aa-66-bgg) | 690 | 22.2 | -0.240 | Monocrystalline |


## Top panels, AIKO


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [AIKO-A805-GRH78Dw](https://comparepv.com/panel/aiko-aiko-a805-grh78dw) | 805 | 25.1 | -0.260 | Monocrystalline |
| 2 | [AIKO-A800-GRH78Dw](https://comparepv.com/panel/aiko-aiko-a800-grh78dw) | 800 | 24.9 | -0.260 | Monocrystalline |
| 3 | [AIKO-A795-GRH78Dw](https://comparepv.com/panel/aiko-aiko-a795-grh78dw) | 795 | 24.8 | -0.260 | Monocrystalline |
| 4 | [AIKO-A790-GRH78Dw](https://comparepv.com/panel/aiko-aiko-a790-grh78dw) | 790 | 24.6 | -0.260 | Monocrystalline |
| 5 | [AIKO-A785-GRH78Dw](https://comparepv.com/panel/aiko-aiko-a785-grh78dw) | 785 | 24.4 | -0.260 | Monocrystalline |
| 6 | [AIKO-A780-GRH78Dw](https://comparepv.com/panel/aiko-aiko-a780-grh78dw) | 780 | 24.3 | -0.260 | Monocrystalline |
| 7 | [AIKO-A775-GRH78Dw](https://comparepv.com/panel/aiko-aiko-a775-grh78dw) | 775 | 24.1 | -0.260 | Monocrystalline |
| 8 | [AIKO-A770-GRH78Dw](https://comparepv.com/panel/aiko-aiko-a770-grh78dw) | 770 | 24.0 | -0.260 | Monocrystalline |
| 9 | [AIKO-A700-MAE78Dw](https://comparepv.com/panel/aiko-aiko-a700-mae78dw) | 700 | 25.0 | -0.260 | Monocrystalline |
| 10 | [AIKO-A695-MAE78Dw](https://comparepv.com/panel/aiko-aiko-a695-mae78dw) | 695 | 24.9 | -0.260 | Monocrystalline |


## Summary

Reliance New Energy is the solar manufacturing arm of Reliance Industries, headquartered in India, built around the Dhirubhai Ambani Green Energy Giga Complex in Jamnagar. The company commissioned its first gigawatt-scale HJT module production line in 2025, with an initial annual capacity of 10 GW targeted to scale toward 20 GW as the fully integrated polysilicon-to-module chain comes online. It is a very new entrant to module manufacturing, backed by the financial and industrial weight of one of India's largest conglomerates, but it does not yet carry an established BloombergNEF Tier 1 track record given how recently production began. AIKO, formally Shanghai AIKO Solar Energy Co., Ltd, is a Chinese manufacturer founded in 2009 that has built a longer commercial history and has achieved BloombergNEF Tier 1 status, most recently reported with roughly 35.5 GW of production capacity across multiple Chinese bases including Tianjin. On institutional footprint, AIKO currently has the stronger, independently verified bankability record, while Reliance brings substantial capital backing but a much shorter operating history.

The two brands also target different product niches. AIKO has built its identity around ABC (All Back Contact) cell technology, which removes front-side metal contacts to boost efficiency and improve aesthetics, and the panels have performed well in PV Evolution Labs reliability testing and won installer awards in markets like Australia, positioning AIKO primarily for premium residential and commercial rooftops where efficiency and appearance matter. Reliance's early output centers on high-power bifacial HJT modules (with reported cell efficiencies above 26 percent and modules up to 720 W), technology licensed and indigenized from REC Singapore, aimed initially at utility-scale and large commercial deployment within India as part of the country's domestic manufacturing push.

For a typical buyer in 2025, AIKO is the safer default choice today given its confirmed Tier 1 bankability, multi-year track record, and independently tested reliability data, making it well suited to both residential and larger projects requiring financing. Reliance is one to watch given its scale ambitions and HJT technology, but its solar module business is still ramping up commercial history, so buyers relying on Tier 1 bankability lists or long-term field data should currently weight AIKO more heavily, especially outside India.

\---LINKS---

\- https://www.pv-magazine.com/2025/04/28/reliance-industries-switches-on-gw-scale-heterojunction-pv-module-line/ \| Reliance Industries switches on GW-scale HJT PV module line \| article

\- https://en.wikipedia.org/wiki/Dhirubhai\_Ambani\_Green\_Energy\_Giga\_Complex \| Dhirubhai Ambani Green Energy Giga Complex overview \| article

\- https://aikosolar.com/en/aiko-achieves-prestigious-tier1-status/ \| AIKO achieves BloombergNEF Tier 1 status \| article

\- https://www.solarquotes.com.au/panels/aiko-solar-review.html \| AIKO Solar panel review - SolarQuotes \| review

\- https://solarquarter.com/2026/07/24/bloombergnef-q2-2026-tier-1-rankings-highlight-global-leaders-in-solar-module-manufacturing/ \| BloombergNEF Q2 2026 Tier 1 rankings for solar module makers \| article

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


## Other comparisons

- [Reliance New Energy vs A.B. Energy](https://comparepv.com/reliance-new-energy-vs-a-b-energy)
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- [ASM vs AIKO](https://comparepv.com/asm-vs-aiko)


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Source: https://comparepv.com/reliance-new-energy-vs-aiko

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