---
title: "Runergy vs Vikram Solar - Brand Comparison | ComparePV"
description: "Compare Runergy vs Vikram Solar solar panels: full portfolio, efficiency, cell technology breakdown, warranty terms and company background."
source: "https://comparepv.com/runergy-vs-vikram-solar"
image: "https://comparepv.com/og/compare/manufacturers/runergy/vikram-solar.png"
---

# Runergy vs Vikram Solar

Vikram Solar has the broader catalog (213 vs 124 models). Vikram Solar leads on peak efficiency at 24.80%.


## The two companies


| Attribute | Runergy | Vikram Solar |
| --- | --- | --- |
| Country | China | India |
| Headquarters | Yancheng, Jiangsu Province | Kolkata |
| Founded | 2013 | 2005 |
| Employees | 15,000 | 1,895 |
| Annual capacity | 23GW (module capacity), 63GW (cell capacity) GW/year | 9.5 GW/year |
| Tier 1 | yes | yes |
| Listed |  | NSE, BSE: VIKRAMSOLR |
| Website | [http://www.runergy.com](http://www.runergy.com) | [http://www.vikramsolar.com](http://www.vikramsolar.com) |

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...

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...


## Catalog & Power


| Measure | Runergy | Vikram Solar | Margin |
| --- | --- | --- | --- |
| Panel Models | 124 | 213 | +89 |
| Max Power | 740 W | 735 W | +5 W |
| Avg Power | 579 W | 560 W | +19 W |


## Efficiency


| Measure | Runergy | Vikram Solar | Margin |
| --- | --- | --- | --- |
| Max Efficiency | 24.10% | 24.80% | +0.70 pp |
| Avg Efficiency | 22.42% | 21.58% | +0.84 pp |


## Reliability & Warranty


| Measure | Runergy | Vikram Solar | Margin |
| --- | --- | --- | --- |
| Avg Temp Coefficient | -0.298%/°C | -0.330%/°C | +0.031 |
| Bifacial Share | 95 (77%) | 161 (76%) | +1 pp |
| Avg Warranty | 29.1 yrs | 28.7 yrs | +0.4 yr |


## Efficiency distribution

Runergy skews to higher efficiency: 33% of lineup is 23%+


| Efficiency band | Runergy | Vikram Solar |
| --- | --- | --- |
| 20-21% | 9 (7.3%) | 42 (19.7%) |
| 21-22% | 26 (21.0%) | 106 (49.8%) |
| 22-23% | 48 (38.7%) | 27 (12.7%) |
| 23%+ | 41 (33.1%) | 27 (12.7%) |
| \<20% | 0 | 11 (5.2%) |


## Power distribution

Runergy offers more 600W+ panels (48% of lineup)


| Power band | Runergy | Vikram Solar |
| --- | --- | --- |
| 400-499W | 36 (29.0%) | 54 (25.4%) |
| 500-599W | 28 (22.6%) | 52 (24.4%) |
| 600-699W | 35 (28.2%) | 77 (36.2%) |
| 700W+ | 25 (20.2%) | 18 (8.5%) |
| \<400W | 0 | 12 (5.6%) |


## Cell technology

Dominant cell tech: N-type (60%)

Dominant cell tech: PERC (71%)


| Technology | Runergy | Vikram Solar |
| --- | --- | --- |
| N-type | 74 (59.7%) | 36 (16.9%) |
| PERC | 32 (25.8%) | 152 (71.4%) |
| HJT | 18 (14.5%) | 12 (5.6%) |
| TOPCon | 0 | 7 (3.3%) |
| Back Contact | 0 | 6 (2.8%) |


## Top panels, Runergy


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [HY-DH132H10-740](https://comparepv.com/panel/runergy-hy-dh132h10-740) | 740 | 23.8 | -0.260 | Monocrystalline |
| 2 | [HY-DH132H10-Plus-740](https://comparepv.com/panel/runergy-hy-dh132h10-plus-740) | 740 | 23.8 | -0.260 | Monocrystalline |
| 3 | [HY-DH132H10-735](https://comparepv.com/panel/runergy-hy-dh132h10-735) | 735 | 23.7 | -0.260 | Monocrystalline |
| 4 | [HY-DH132H10-Plus-735](https://comparepv.com/panel/runergy-hy-dh132h10-plus-735) | 735 | 23.7 | -0.260 | Monocrystalline |
| 5 | [HY-DH132H10-730](https://comparepv.com/panel/runergy-hy-dh132h10-730) | 730 | 23.5 | -0.260 | Monocrystalline |
| 6 | [HY-DH132N10-730](https://comparepv.com/panel/runergy-hy-dh132n10-730) | 730 | 23.5 | -0.290 | Monocrystalline |
| 7 | [HY-DH132H10-Plus-730](https://comparepv.com/panel/runergy-hy-dh132h10-plus-730) | 730 | 23.5 | -0.260 | Monocrystalline |
| 8 | [HY-DH132H10-725](https://comparepv.com/panel/runergy-hy-dh132h10-725) | 725 | 23.3 | -0.260 | Monocrystalline |
| 9 | [HY-DH132N10-725](https://comparepv.com/panel/runergy-hy-dh132n10-725) | 725 | 23.3 | -0.290 | Monocrystalline |
| 10 | [HY-DH132H10-Plus-725](https://comparepv.com/panel/runergy-hy-dh132h10-plus-725) | 725 | 23.3 | -0.260 | Monocrystalline |


## Top panels, Vikram Solar


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [SURYAVA VSMDH.66.735.05](https://comparepv.com/panel/vikram-solar-suryava-vsmdh-66-735-05) | 735 | 23.7 | -0.260 | Monocrystalline |
| 2 | [SURYAVA VSMDH.66.730.05](https://comparepv.com/panel/vikram-solar-suryava-vsmdh-66-730-05) | 730 | 23.5 | -0.260 | Monocrystalline |
| 3 | [HYPERSOL VSMDH.66.730.05](https://comparepv.com/panel/vikram-solar-hypersol-vsmdh-66-730-05) | 730 | 23.5 | -0.280 | Monocrystalline |
| 4 | [SURYAVA VSMDH.66.725.05](https://comparepv.com/panel/vikram-solar-suryava-vsmdh-66-725-05) | 725 | 23.3 | -0.260 | Monocrystalline |
| 5 | [HYPERSOL VSMDH.66.725.05](https://comparepv.com/panel/vikram-solar-hypersol-vsmdh-66-725-05) | 725 | 23.3 | -0.280 | Monocrystalline |
| 6 | [SURYAVA VSMDH.66.720.05](https://comparepv.com/panel/vikram-solar-suryava-vsmdh-66-720-05) | 720 | 23.2 | -0.260 | Monocrystalline |
| 7 | [HYPERSOL VSMDH.66.AAA.05-720](https://comparepv.com/panel/vikram-solar-hypersol-vsmdh-66-aaa-05-720) | 720 | 23.2 | -0.280 | Monocrystalline |
| 8 | [HYPERSOL VSMDH.66.720.05](https://comparepv.com/panel/vikram-solar-hypersol-vsmdh-66-720-05) | 720 | 23.2 | -0.280 | Monocrystalline |
| 9 | [SURYAVA VSMDH.66.715.05](https://comparepv.com/panel/vikram-solar-suryava-vsmdh-66-715-05) | 715 | 23.0 | -0.260 | Monocrystalline |
| 10 | [HYPERSOL VSMDH.66.715.05](https://comparepv.com/panel/vikram-solar-hypersol-vsmdh-66-715-05) | 715 | 23.0 | -0.280 | Monocrystalline |


## 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 580-640W 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.

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


## Other comparisons

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- [AIKO vs Vikram Solar](https://comparepv.com/aiko-vs-vikram-solar)
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- [ARTsolar vs Vikram Solar](https://comparepv.com/artsolar-vs-vikram-solar)


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Source: https://comparepv.com/runergy-vs-vikram-solar

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