---
title: "Emmvee vs Goldi Solar - Brand Comparison | ComparePV"
description: "Compare Emmvee vs Goldi Solar solar panels: full portfolio, efficiency, cell technology breakdown, warranty terms and company background."
source: "https://comparepv.com/emmvee-vs-goldi-solar"
---

# Emmvee vs Goldi Solar

Emmvee has the broader catalog (166 vs 145 models). Emmvee leads on peak efficiency at 23.51%. Goldi Solar leans bifacial (79% of lineup).


## The two companies


| Attribute | Emmvee | Goldi Solar |
| --- | --- | --- |
| Country | India | India |
| Headquarters | Bengaluru | Surat |
| Founded | 1992 | 2011 |
| Employees |  | 250-499 Employees |
| Annual capacity |  | 15.2 GW/year |
| Tier 1 | no | yes |
| Listed |  |  |
| Website | [https://www.emmveephotovoltaic.com](https://www.emmveephotovoltaic.com) | [http://www.goldisolar.com](http://www.goldisolar.com) |

Goldi Solar is a leading Indian solar PV module manufacturer and EPC service provider committed to accelerating the transition to sustainable energy. Established in 2011 and headquartered in Surat, Gujarat, the company offers cutting-edge solar solutions that power industries, businesses, and communities across more...


## Catalog & Power


| Measure | Emmvee | Goldi Solar | Margin |
| --- | --- | --- | --- |
| Panel Models | 166 | 145 | +21 |
| Max Power | 720 W | 715 W | +5 W |
| Avg Power | 526 W | 513 W | +13 W |


## Efficiency


| Measure | Emmvee | Goldi Solar | Margin |
| --- | --- | --- | --- |
| Max Efficiency | 23.51% | 23.03% | +0.48 pp |
| Avg Efficiency | 21.69% | 21.16% | +0.53 pp |


## Reliability & Warranty


| Measure | Emmvee | Goldi Solar | Margin |
| --- | --- | --- | --- |
| Avg Temp Coefficient | -0.311%/°C | -0.326%/°C | +0.015 |
| Bifacial Share | 91 (55%) | 115 (79%) | +24 pp |
| Avg Warranty | 27.0 yrs | 27.6 yrs | +0.5 yr |


## Efficiency distribution

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


| Efficiency band | Emmvee | Goldi Solar |
| --- | --- | --- |
| \<20% | 1 (0.6%) | 4 (2.8%) |
| 20-21% | 48 (28.9%) | 67 (46.2%) |
| 21-22% | 47 (28.3%) | 47 (32.4%) |
| 22-23% | 54 (32.5%) | 25 (17.2%) |
| 23%+ | 16 (9.6%) | 2 (1.4%) |


## Power distribution

Emmvee offers more 600W+ panels (16% of lineup)


| Power band | Emmvee | Goldi Solar |
| --- | --- | --- |
| \<400W | 6 (3.6%) | 8 (5.5%) |
| 400-499W | 62 (37.3%) | 59 (40.7%) |
| 500-599W | 72 (43.4%) | 59 (40.7%) |
| 600-699W | 16 (9.6%) | 12 (8.3%) |
| 700W+ | 10 (6.0%) | 7 (4.8%) |


## Cell technology

Dominant cell tech: **TOPCon** (61%)

Dominant cell tech: **PERC** (74%)


| Technology | Emmvee | Goldi Solar |
| --- | --- | --- |
| TOPCon | 102 (61.4%) | 31 (21.4%) |
| PERC | 63 (38.0%) | 107 (73.8%) |
| N-type | 1 (0.6%) | 0 |
| HJT | 0 | 7 (4.8%) |


## Top panels, Emmvee


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [E720HCBG 132-T](https://comparepv.com/panel/emmvee-e720hcbg-132-t) | 720 | 23.2 | -0.290 | Monocrystalline |
| 2 | [E720HCBG132-T](https://comparepv.com/panel/emmvee-e720hcbg132-t) | 720 | 23.2 | -0.290 | Monocrystalline |
| 3 | [E715HCBG 132-T](https://comparepv.com/panel/emmvee-e715hcbg-132-t) | 715 | 23.0 | -0.290 | Monocrystalline |
| 4 | [E715HCBG132-T](https://comparepv.com/panel/emmvee-e715hcbg132-t) | 715 | 23.0 | -0.290 | Monocrystalline |
| 5 | [E710HCBG 132-T](https://comparepv.com/panel/emmvee-e710hcbg-132-t) | 710 | 22.9 | -0.290 | Monocrystalline |
| 6 | [E710HCBG132-T](https://comparepv.com/panel/emmvee-e710hcbg132-t) | 710 | 22.9 | -0.290 | Monocrystalline |
| 7 | [E705HCBG 132-T](https://comparepv.com/panel/emmvee-e705hcbg-132-t) | 705 | 22.7 | -0.290 | Monocrystalline |
| 8 | [E705HCBG132-T](https://comparepv.com/panel/emmvee-e705hcbg132-t) | 705 | 22.7 | -0.290 | Monocrystalline |
| 9 | [E700HCBG 132-T](https://comparepv.com/panel/emmvee-e700hcbg-132-t) | 700 | 22.5 | -0.290 | Monocrystalline |
| 10 | [E700HCBG132-T](https://comparepv.com/panel/emmvee-e700hcbg132-t) | 700 | 22.5 | -0.290 | Monocrystalline |


## Top panels, Goldi Solar


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [GS12-T132-GF-715](https://comparepv.com/panel/goldi-solar-gs12-t132-gf-715) | 715 | 23.0 | -0.280 | Monocrystalline |
| 2 | [GS12-T132-GF-710](https://comparepv.com/panel/goldi-solar-gs12-t132-gf-710) | 710 | 22.9 | -0.280 | Monocrystalline |
| 3 | [G12 Series 710Wp](https://comparepv.com/panel/goldi-solar-g12-series-710wp) | 710 | 22.9 | -0.259 | Monocrystalline |
| 4 | [GS12-T132-GF-705](https://comparepv.com/panel/goldi-solar-gs12-t132-gf-705) | 705 | 22.7 | -0.280 | Monocrystalline |
| 5 | [G12 Series 705Wp](https://comparepv.com/panel/goldi-solar-g12-series-705wp) | 705 | 22.7 | -0.259 | Monocrystalline |
| 6 | [GS12-T132-GF-700](https://comparepv.com/panel/goldi-solar-gs12-t132-gf-700) | 700 | 22.5 | -0.280 | Monocrystalline |
| 7 | [G12 Series 700Wp](https://comparepv.com/panel/goldi-solar-g12-series-700wp) | 700 | 22.5 | -0.259 | Monocrystalline |
| 8 | [GS12-T132-GF-695](https://comparepv.com/panel/goldi-solar-gs12-t132-gf-695) | 695 | 22.4 | -0.280 | Monocrystalline |
| 9 | [G12 Series 695Wp](https://comparepv.com/panel/goldi-solar-g12-series-695wp) | 695 | 22.4 | -0.259 | Monocrystalline |
| 10 | [GS12-T132-GF-690](https://comparepv.com/panel/goldi-solar-gs12-t132-gf-690) | 690 | 22.2 | -0.280 | Monocrystalline |


## Summary

Emmvee is an Indian solar manufacturer headquartered in Bengaluru, Karnataka, and has grown into one of the country's largest integrated module and cell producers, with installed manufacturing capacity reported at roughly 10.3 GW for modules and 2.94 GW for cells as of early 2026. Goldi Solar, also based in India (Surat, Gujarat), holds confirmed BloombergNEF "Bankable Tier 1" status and has scaled aggressively, positioning itself as India's largest solar PV module manufacturer with around 15.2 GW of annual capacity, alongside plans to add 4 GW of in-house cell production by FY27. Both companies are part of India's push to compete with Chinese-dominated supply chains, but Goldi Solar currently shows the larger and more explicitly documented institutional footprint, with a longstanding, publicly reaffirmed BNEF Tier 1 listing and greater manufacturing scale, while Emmvee's Tier 1 status is less clearly confirmed in available sources despite its strong reliability credentials, including passing all seven categories of the Kiwa PVEL 2024 Reliability Scorecard.

Product-wise, Emmvee's catalog spans 385W to 720W panels aimed at both residential and commercial rooftops, with a technology mix weighted toward TOPCon (around 61%) alongside legacy PERC lines, and roughly 55% of its portfolio available in bifacial configurations, with average efficiency near 21.7%. Goldi Solar has pushed further into high-wattage bifacial TOPCon modules, notably its HELOC Plus series reaching 680-705 Wp at up to 22.7% efficiency, and its portfolio skews heavily bifacial (around 84%), making it especially suited to utility-scale and ground-mounted commercial installations where rear-side energy gains matter most. Both brands offer long performance warranties in the 27-28 year range, reflecting typical premium-tier positioning in the Indian market.

For a typical 2025-2026 buyer, the two brands are largely comparable choices within India's Tier 1 manufacturing tier, but Goldi Solar's confirmed BNEF bankability status and larger bifacial TOPCon lineup make it a slightly safer default for utility-scale or ground-mount projects, while Emmvee's broader wattage range and strong third-party reliability testing make it a competitive option for residential and mixed-use rooftop applications. Buyers should verify current BNEF listings and specific project warranties directly, as both manufacturers are expanding capacity rapidly and their standing can shift quarter to quarter.

\---LINKS---

\- https://www.pv-tech.org/emmvee-expands-manufacturing-footprint-2-5gw-module-line/ \| Emmvee expands manufacturing footprint with new module lines \| article

\- https://www.saurenergy.com/solar-energy-news/goldi-solar-ranked-among-bankable-tier-1-solar-module-makers-by-bnef \| Goldi Solar ranked among Bankable Tier 1 module makers by BNEF \| article

\- https://www.pv-tech.org/goldi-solar-to-expand-module-capacity-to-14gw-by-fy26/ \| Goldi Solar to expand module capacity to 14GW by FY26 \| article

\- https://www.pv-magazine-india.com/2023/10/10/goldi-solar-introduces-705-w-bifacial-topcon-panel/ \| Goldi Solar introduces 705 W bifacial TOPCon panel \| article

\- https://en.wikipedia.org/wiki/Emmvee\_Group \| Emmvee Group - company profile and manufacturing history \| article

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


## Other comparisons

- [Emmvee vs A.B. Energy](https://comparepv.com/emmvee-vs-a-b-energy)
- [AE Solar vs Goldi Solar](https://comparepv.com/ae-solar-vs-goldi-solar)
- [Emmvee vs AEET](https://comparepv.com/emmvee-vs-aeet)
- [AIKO vs Goldi Solar](https://comparepv.com/aiko-vs-goldi-solar)
- [Emmvee vs AKCOME](https://comparepv.com/emmvee-vs-akcome)
- [ARTsolar vs Goldi Solar](https://comparepv.com/artsolar-vs-goldi-solar)


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Source: https://comparepv.com/emmvee-vs-goldi-solar

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