Runergy vs Vikram Solar - solar panel manufacturer comparison
Vikram Solar has the broader catalog (213 vs 124 models). Vikram Solar leads on peak efficiency at 24.80%.
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
Runergy is a global leader in solar technology, specializing in the R&D and production of high-efficiency solar cells and modules. The company is committed to innovation, quality, and providing a transparent and efficient supply chain to meet the growing global demand for clean energy. They have established production...
- Founded
- 2013
- Headquarters
- Yancheng, Jiangsu Province, China
- Annual capacity
- 23GW (module capacity), 63GW (cell capacity) GW/year
- Employees
- 15,000
- Tier 1 bankable
- Yes
Vikram Solar Limited is a leading Indian solar photovoltaic (PV) module manufacturer and solar solutions provider. They offer engineering, procurement, construction (EPC), and operations & maintenance (O&M) services for solar plants. The company manufactures high-efficiency solar PV modules and has a pan-India...
- Founded
- 2005
- Headquarters
- Kolkata, India
- Annual capacity
- 9.5 GW/year
- Employees
- 1,895
- Listed
- NSE, BSE: VIKRAMSOLR
- Tier 1 bankable
- Yes
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
Runergy skews to higher efficiency: 33% of lineup is 23%+
Runergy offers more 600W+ panels (48% of lineup)
Dominant cell tech: N-type (60%)
Dominant cell tech: PERC (71%)
The flagships
Written summary
Runergy is a Chinese cell and module manufacturer headquartered in Yancheng, Jiangsu Province, founded in 2013. According to InfoLink Consulting, it ranked among the global top three in solar cell shipment volume for three consecutive years (2020-2022), and by the end of 2023 it had reached roughly 63 GW of cell capacity alongside 11-23 GW of module capacity. The company has held BloombergNEF Tier 1 bankability status for at least six consecutive quarters. Vikram Solar, by contrast, is an Indian manufacturer headquartered in Kolkata, founded in 2005-2006, which went public on the BSE and NSE in August 2025 and reached an annual module manufacturing capacity of around 9.5 GW by early 2026. Vikram Solar has also repeatedly regained and reconfirmed BloombergNEF Tier 1 status, most recently in 2025. On raw production scale and the length of its track record as a top-tier cell shipper, Runergy currently carries the stronger institutional footprint, though Vikram Solar's recent IPO adds a layer of financial transparency and credibility.
Both brands are leaning into N-type TOPCon as their flagship technology. Runergy's TOPCon 3.0 cells have reached conversion efficiencies above 26.5-26.9 percent, and its bifacial modules have placed at the top of pv magazine's independent module tests for energy yield, positioning the brand toward large ground-mount and high-performance commercial projects. Vikram Solar runs a more diversified technology mix that still includes PERC and HJT alongside a growing TOPCon lineup (its Hypersol series, with 580-640 W modules supplied to utility projects such as Khavda in Gujarat), and it serves both utility-scale developers and the rooftop and C&I segments within the Indian market.
For an international buyer prioritizing peak module efficiency and independently verified performance for a utility-scale or industrial project, Runergy currently has a slight edge on documented track record and Tier 1 continuity. Vikram Solar remains a credible alternative, particularly where supplier technology diversity or emerging-market manufacturing scale matters, and for most buyers outside India the two brands can reasonably be treated as comparable in overall quality, with the final choice hinging more on local distribution, pricing, and warranty terms available at the time of purchase.
Generated by Claude Sonnet 5 · 2026-09-18
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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.