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

# Tongwei vs Waaree

Waaree has the broader catalog (222 vs 122 models). Tongwei leads on peak efficiency at 24.20%. Tongwei leans bifacial (69% of lineup).


## The two companies


| Attribute | Tongwei | Waaree |
| --- | --- | --- |
| Country | China | India |
| Headquarters | Chengdu | Mumbai |
| Founded | 2013 | 1990 |
| Employees |  | 8500+ |
| Annual capacity |  | 13.3 GW/year |
| Tier 1 | yes | yes |
| Listed | SSE: 600438 | NSE: WAAREEENER |
| Website | [https://en.tongwei.com.cn](https://en.tongwei.com.cn) | [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 | Tongwei | Waaree | Margin |
| --- | --- | --- | --- |
| Panel Models | 122 | 222 | +100 |
| Max Power | 750 W | 730 W | +20 W |
| Avg Power | 584 W | 371 W | +213 W |


## Efficiency


| Measure | Tongwei | Waaree | Margin |
| --- | --- | --- | --- |
| Max Efficiency | 24.20% | 23.51% | +0.69 pp |
| Avg Efficiency | 22.59% | 18.39% | +4.20 pp |


## Reliability & Warranty


| Measure | Tongwei | Waaree | Margin |
| --- | --- | --- | --- |
| Avg Temp Coefficient | -0.284%/°C | -0.362%/°C | +0.078 |
| Bifacial Share | 84 (69%) | 85 (38%) | +31 pp |
| Avg Warranty | 29.5 yrs | 21.7 yrs | +7.9 yr |


## Efficiency distribution

Tongwei skews to higher efficiency: 41% of lineup is 23%+


| Efficiency band | Tongwei | Waaree |
| --- | --- | --- |
| \<20% | 2 (1.6%) | 139 (62.6%) |
| 20-21% | 6 (4.9%) | 47 (21.2%) |
| 21-22% | 14 (11.5%) | 14 (6.3%) |
| 22-23% | 50 (41.0%) | 13 (5.9%) |
| 23%+ | 50 (41.0%) | 9 (4.1%) |


## Power distribution

Tongwei offers more 600W+ panels (53% of lineup)


| Power band | Tongwei | Waaree |
| --- | --- | --- |
| 400-499W | 41 (33.6%) | 35 (15.8%) |
| 500-599W | 16 (13.1%) | 36 (16.2%) |
| 600-699W | 33 (27.0%) | 20 (9.0%) |
| 700W+ | 32 (26.2%) | 7 (3.2%) |
| \<400W | 0 | 124 (55.9%) |


## Cell technology

Dominant cell tech: TOPCon (47%)

Dominant cell tech: PERC (48%)


| Technology | Tongwei | Waaree |
| --- | --- | --- |
| TOPCon | 57 (46.7%) | 12 (5.4%) |
| N-type | 44 (36.1%) | 8 (3.6%) |
| PERC | 10 (8.2%) | 107 (48.2%) |
| Unknown | 6 (4.9%) | 88 (39.6%) |
| HJT | 5 (4.1%) | 7 (3.2%) |


## Top panels, Tongwei


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [TWMNF-66HD750](https://comparepv.com/panel/tongwei-solar-twmnf-66hd750) | 750 | 24.1 | -0.280 | Monocrystalline |
| 2 | [TWMNF-66HD745](https://comparepv.com/panel/tongwei-solar-twmnf-66hd745) | 745 | 24.0 | -0.280 | Monocrystalline |
| 3 | [TWMNF-66HD740](https://comparepv.com/panel/tongwei-solar-twmnf-66hd740) | 740 | 23.8 | -0.280 | Monocrystalline |
| 4 | [TWMHF-66HD740X](https://comparepv.com/panel/tw-solar-twmhf-66hd740x) | 740 | 23.8 | -0.240 | Monocrystalline |
| 5 | [THC G12-66 Bifacial](https://comparepv.com/panel/tongwei-thc-g12-66-bifacial) | 740 | 23.8 | -0.280 | Monocrystalline |
| 6 | [TWMNF-66HD735](https://comparepv.com/panel/tongwei-solar-twmnf-66hd735) | 735 | 23.7 | -0.280 | Monocrystalline |
| 7 | [TWMHF-66HD735X](https://comparepv.com/panel/tw-solar-twmhf-66hd735x) | 735 | 23.7 | -0.240 | Monocrystalline |
| 8 | [TWMHF-66HD730X](https://comparepv.com/panel/tw-solar-twmhf-66hd730x) | 730 | 23.5 | -0.240 | Monocrystalline |
| 9 | [TWMNF-66HD730](https://comparepv.com/panel/tongwei-solar-twmnf-66hd730) | 730 | 23.5 | -0.280 | Monocrystalline |
| 10 | [TWMNF-66HD725](https://comparepv.com/panel/tongwei-solar-twmnf-66hd725) | 725 | 23.3 | -0.280 | 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

Tongwei is a Chinese manufacturer headquartered in Chengdu, operating under the Tongwei Group, a conglomerate founded in 1984 as an agribusiness enterprise before pivoting aggressively into solar. Tongwei Solar holds BloombergNEF Tier 1 bankability status and earned Top Performer recognition in Kiwa PVEL's 2025 PV Module Reliability Scorecard. The company runs a vertically integrated supply chain spanning polysilicon, cells, and finished modules, with cell manufacturing capacity reported at around 130-150 GW per year and module capacity around 90 GW per year as of 2025, placing it among the most heavily capitalized names in the global industry. Waaree Energies is an Indian manufacturer headquartered in Mumbai, founded in 1989 as part of the Waaree Group and entering solar module production around 2007. Waaree holds BloombergNEF Tier 1 status across 35 consecutive quarters and in early 2025 became the first Indian solar manufacturer to receive PV Tech's 'A' bankability rating. Its global manufacturing capacity has reached approximately 22.3 GW, split between facilities in India and the United States. On sheer industrial scale and vertical integration, Tongwei holds the stronger institutional footprint, though Waaree's non-Chinese origin is a growing strategic asset in markets focused on supply-chain diversification.

Tongwei's product portfolio centers on TOPCon cell technology, delivered across large-format G12 and G12R module series targeting utility-scale ground-mount projects and commercial rooftop installations alike. The company also maintains an HJT line built around its proprietary THC cell technology. Waaree offers a comparable range, including G12 and G12R TOPCon modules, an HJT lineup, and a recently introduced back-contact TOPCon module. Its product mix spans residential, commercial, and utility-scale applications, and 2.6 GW of US-based capacity enables Waaree to compete effectively in markets with domestic content or provenance requirements.

For buyers prioritizing supply scale and pricing leverage, Tongwei is a logical default given its unmatched cell production depth and consistent independent reliability data. For European buyers - particularly those operating under the EU Net-Zero Industry Act or seeking to reduce single-country supply-chain exposure - Waaree represents a credible, well-bankable non-Chinese alternative with stated plans to scale Eastern European operations from 2026 onward. In terms of module technology and reliability, the two brands are broadly interchangeable; the more decisive factor is procurement policy and supply-chain origin preference rather than panel performance.

Written by claude-sonnet from the figures above.


## Other comparisons

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


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

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