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

# Risen vs Waaree

Waaree has the broader catalog (222 vs 153 models). Risen leads on peak efficiency at 24.00%. Risen leans bifacial (82% of lineup).


## The two companies


| Attribute | Risen | Waaree |
| --- | --- | --- |
| Country | China | India |
| Headquarters | Ninghai | Mumbai |
| Founded | 1986 | 1990 |
| Employees |  | 8500+ |
| Annual capacity |  | 13.3 GW/year |
| Tier 1 | yes | yes |
| Listed | SZSE: 300118 | NSE: WAAREEENER |
| Website | [https://www.risenenergy.com](https://www.risenenergy.com) | [https://www.waaree.com/](https://www.waaree.com/) |

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 | Risen | Waaree | Margin |
| --- | --- | --- | --- |
| Panel Models | 153 | 222 | +69 |
| Max Power | 745 W | 730 W | +15 W |
| Avg Power | 547 W | 371 W | +176 W |


## Efficiency


| Measure | Risen | Waaree | Margin |
| --- | --- | --- | --- |
| Max Efficiency | 24.00% | 23.51% | +0.49 pp |
| Avg Efficiency | 21.82% | 18.39% | +3.43 pp |


## Reliability & Warranty


| Measure | Risen | Waaree | Margin |
| --- | --- | --- | --- |
| Avg Temp Coefficient | -0.291%/°C | -0.362%/°C | +0.071 |
| Bifacial Share | 125 (82%) | 85 (38%) | +43 pp |
| Avg Warranty | 29.1 yrs | 21.7 yrs | +7.4 yr |


## Efficiency distribution

Risen skews to higher efficiency: 10% of lineup is 23%+


| Efficiency band | Risen | Waaree |
| --- | --- | --- |
| \<20% | 4 (2.6%) | 139 (62.6%) |
| 20-21% | 24 (15.7%) | 47 (21.2%) |
| 21-22% | 52 (34.0%) | 14 (6.3%) |
| 22-23% | 57 (37.3%) | 13 (5.9%) |
| 23%+ | 16 (10.5%) | 9 (4.1%) |


## Power distribution

Risen offers more 600W+ panels (39% of lineup)


| Power band | Risen | Waaree |
| --- | --- | --- |
| \<400W | 13 (8.5%) | 124 (55.9%) |
| 400-499W | 46 (30.1%) | 35 (15.8%) |
| 500-599W | 34 (22.2%) | 36 (16.2%) |
| 600-699W | 42 (27.5%) | 20 (9.0%) |
| 700W+ | 18 (11.8%) | 7 (3.2%) |


## Cell technology

Dominant cell tech: **TOPCon** (39%)

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


| Technology | Risen | Waaree |
| --- | --- | --- |
| TOPCon | 60 (39.2%) | 12 (5.4%) |
| HJT | 48 (31.4%) | 7 (3.2%) |
| PERC | 45 (29.4%) | 107 (48.2%) |
| Unknown | 0 | 88 (39.6%) |
| N-type | 0 | 8 (3.6%) |


## Top panels, Risen


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [RSM132-8-745BHDG](https://comparepv.com/panel/risen-energy-co-ltd-rsm132-8-745bhdg) | 745 | 24.0 | -0.240 | Monocrystalline |
| 2 | [RSM132-8-740BHDG](https://comparepv.com/panel/risen-energy-co-ltd-rsm132-8-740bhdg) | 740 | 23.8 | -0.240 | Monocrystalline |
| 3 | [RSM132-8-735BHDG](https://comparepv.com/panel/risen-energy-co-ltd-rsm132-8-735bhdg) | 735 | 23.7 | -0.240 | Monocrystalline |
| 4 | [RSM132-8-730BHDG](https://comparepv.com/panel/risen-energy-co-ltd-rsm132-8-730bhdg) | 730 | 23.5 | -0.240 | Monocrystalline |
| 5 | [RSM132-8-725BHDG](https://comparepv.com/panel/risen-energy-co-ltd-rsm132-8-725bhdg) | 725 | 23.3 | -0.240 | Monocrystalline |
| 6 | [RSM132-8-720BHDG](https://comparepv.com/panel/risen-energy-co-ltd-rsm132-8-720bhdg) | 720 | 23.2 | -0.240 | Monocrystalline |
| 7 | [RSM132-8-715BHDG](https://comparepv.com/panel/risen-energy-co-ltd-rsm132-8-715bhdg) | 715 | 23.0 | -0.240 | Monocrystalline |
| 8 | [RSM132-8-700-715BHDG-715](https://comparepv.com/panel/risen-energy-co-ltd-rsm132-8-700-715bhdg-715) | 715 | 23.0 | -0.240 | Monocrystalline |
| 9 | [RSM132-8-700-715BHDG (715W)](https://comparepv.com/panel/risen-energy-co-ltd-rsm132-8-700-715bhdg-715w) | 715 | 23.0 | -0.240 | Monocrystalline |
| 10 | [RSM132-8-710BHDG](https://comparepv.com/panel/risen-energy-co-ltd-rsm132-8-710bhdg) | 710 | 22.9 | -0.240 | 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

Risen Energy is a Chinese manufacturer headquartered in Ningbo, founded in 1986, that has grown into one of the largest solar module producers in the world. The company holds Bloomberg New Energy Finance Tier 1 bankability status and reports annual module production capacity exceeding 48 GW, with cumulative shipments surpassing 114 GW - consistently placing it in the global top five for module volumes. Waaree Energies is an Indian manufacturer headquartered in Mumbai, founded in 1989, that has maintained Bloomberg Tier 1 status for 35 consecutive quarters. In early 2025 it became the first Indian company to receive PV Tech's ModuleTech Bankability 'A' rating, a meaningful signal for project finance. Waaree operates approximately 22.3 GW of global manufacturing capacity across India and the United States, including 2.6 GW of US-based capacity split between TOPCon and HJT lines. By sheer production scale and cross-continental deployment history, Risen currently carries the stronger global institutional footprint.

Risen's portfolio covers PERC, TOPCon, and HJT cell technologies across all major market segments. Its N-type TOPCon modules are aimed at residential rooftops and commercial installations, while the flagship Hyper-Ion HJT series - with panels reaching around 725 W and efficiencies near 23.3% - targets utility-scale ground-mount projects. Waaree's lineup similarly spans TOPCon and HJT formats in G12 and G12R wafer sizes, and the company recently unveiled its Tejomay back-contact TOPCon series with efficiencies up to 24.62%, positioning it firmly in the premium tier. Both brands serve residential, commercial and industrial, and utility segments, and both offer performance guarantees in the 25-30 year range.

For most international buyers, Risen represents the lower-risk default: deeper installer networks, higher shipment volumes, and a longer track record in European and global projects. Waaree, however, is a compelling and increasingly bankable alternative - particularly for European developers who place weight on supply-chain diversification beyond China, a factor gaining formal traction under the EU Net-Zero Industry Act. Buyers with geopolitical risk or supply-resilience criteria should evaluate Waaree on equal footing with Risen rather than treating it as a secondary option.

Written by claude-sonnet from the figures above.


## Other comparisons

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


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Source: https://comparepv.com/risen-vs-waaree

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