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

# Goldi Solar vs Hyundai

Goldi Solar has the broader catalog (145 vs 65 models). Hyundai leads on peak efficiency at 23.40%. Goldi Solar leans bifacial (79% of lineup).


## The two companies


| Attribute | Goldi Solar | Hyundai |
| --- | --- | --- |
| Country | India | South Korea |
| Headquarters | Surat | Seongnam-si |
| Founded | 2011 | 2004 |
| Employees | 250-499 Employees | 206 |
| Annual capacity | 15.2 GW/year | 1.35 GW/year |
| Tier 1 | yes | yes |
| Listed |  | Korea Stock Exchange: 322000 |
| Website | [http://www.goldisolar.com](http://www.goldisolar.com) | [https://www.hd-hyundaies.co.kr](https://www.hd-hyundaies.co.kr) |

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...

HD Hyundai Energy Solutions is a global provider of solar cells and modules, offering solutions for residential, commercial, and utility-scale projects. They provide monofacial, bifacial, and shingled PV modules, along with inverters and various PV solutions. The company is committed to developing next-generation...


## Catalog & Power


| Measure | Goldi Solar | Hyundai | Margin |
| --- | --- | --- | --- |
| Panel Models | 145 | 65 | +80 |
| Max Power | 715 W | 640 W | +75 W |
| Avg Power | 513 W | 442 W | +71 W |


## Efficiency


| Measure | Goldi Solar | Hyundai | Margin |
| --- | --- | --- | --- |
| Max Efficiency | 23.03% | 23.40% | +0.37 pp |
| Avg Efficiency | 21.16% | 21.49% | +0.33 pp |


## Reliability & Warranty


| Measure | Goldi Solar | Hyundai | Margin |
| --- | --- | --- | --- |
| Avg Temp Coefficient | -0.326%/°C | -0.300%/°C | +0.026 |
| Bifacial Share | 115 (79%) | 43 (66%) | +13 pp |
| Avg Warranty | 27.6 yrs | 27.4 yrs | +0.2 yr |


## Efficiency distribution

Hyundai skews to higher efficiency: 6% of lineup is 23%+


| Efficiency band | Goldi Solar | Hyundai |
| --- | --- | --- |
| \<20% | 4 (2.8%) | 7 (10.8%) |
| 20-21% | 67 (46.2%) | 17 (26.2%) |
| 21-22% | 47 (32.4%) | 12 (18.5%) |
| 22-23% | 25 (17.2%) | 25 (38.5%) |
| 23%+ | 2 (1.4%) | 4 (6.2%) |


## Power distribution

Goldi Solar offers more 600W+ panels (13% of lineup)


| Power band | Goldi Solar | Hyundai |
| --- | --- | --- |
| \<400W | 8 (5.5%) | 8 (12.3%) |
| 400-499W | 59 (40.7%) | 49 (75.4%) |
| 500-599W | 59 (40.7%) | 5 (7.7%) |
| 600-699W | 12 (8.3%) | 3 (4.6%) |
| 700W+ | 7 (4.8%) | 0 |


## Cell technology

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

Dominant cell tech: **HJT** (38%)


| Technology | Goldi Solar | Hyundai |
| --- | --- | --- |
| PERC | 107 (73.8%) | 25 (38.5%) |
| TOPCon | 31 (21.4%) | 6 (9.2%) |
| HJT | 7 (4.8%) | 25 (38.5%) |
| Unknown | 0 | 9 (13.8%) |


## 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 |


## Top panels, Hyundai


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [HiS-T640NJ](https://comparepv.com/panel/hd-hyundai-energy-solutions-his-t640nj) | 640 | 22.9 | -0.290 | Monocrystalline |
| 2 | [HiS-T635NJ](https://comparepv.com/panel/hd-hyundai-energy-solutions-his-t635nj) | 635 | 22.7 | -0.290 | Monocrystalline |
| 3 | [HiS-T630NJ](https://comparepv.com/panel/hd-hyundai-energy-solutions-his-t630nj) | 630 | 22.5 | -0.290 | Monocrystalline |
| 4 | [HiT-H520LF-FB(ZB)](https://comparepv.com/panel/hyundai-hit-h520lf-fb-zb) | 520 | 23.4 | -0.240 | Monocrystalline |
| 5 | [HiT-H515LF-FB(ZB)](https://comparepv.com/panel/hyundai-hit-h515lf-fb-zb) | 515 | 23.2 | -0.240 | Monocrystalline |
| 6 | [HiT-H510LF-FB(ZB)](https://comparepv.com/panel/hyundai-hit-h510lf-fb-zb) | 510 | 22.9 | -0.240 | Monocrystalline |
| 7 | [HiT-H505LF-FB(ZB)](https://comparepv.com/panel/hyundai-hit-h505lf-fb-zb) | 505 | 22.7 | -0.240 | Monocrystalline |
| 8 | [HiT-H500LF-FB(ZB)](https://comparepv.com/panel/hyundai-hit-h500lf-fb-zb) | 500 | 22.5 | -0.240 | Monocrystalline |
| 9 | [HiT-H460LE-FB(ZB)](https://comparepv.com/panel/hyundai-hit-h460le-fb-zb) | 460 | 23.0 | -0.240 | Monocrystalline |
| 10 | [HiT-H460CE-BF](https://comparepv.com/panel/hyundai-hit-h460ce-bf) | 460 | 23.0 | -0.240 | Monocrystalline |


## Summary

Goldi Solar is an Indian manufacturer founded in 2011 and headquartered in Surat, Gujarat. The company has grown rapidly into India's largest solar module producer, with capacity reported to be expanding toward 14 GW by fiscal year 2026 as it scales up from an earlier base of around 3 GW. Goldi Solar has held Bloomberg NEF Tier 1 bankable manufacturer status since 2020 and was recognized as a Top Performer in the PV Module Reliability Scorecard in 2024. Hyundai Energy Solutions - operating under the HD Hyundai group - is a South Korean manufacturer founded in 2004 and headquartered in Seongnam-si. Its annual production capacity is considerably more modest at around 1.4 GW, though the brand benefits from the deep financial credibility of the broader Hyundai conglomerate, and it also holds Bloomberg Tier 1 status. On institutional footprint alone, Hyundai's conglomerate backing gives it an edge in credit-sensitive project finance contexts outside Asia.

Both companies have transitioned their core product lines to TOPCon cell technology. Goldi Solar offers modules ranging from roughly 390 W to over 700 W, covering budget and mid-range residential rooftops in India as well as large commercial and utility-scale ground mounts. Hyundai Energy Solutions produces residential-oriented 108-cell modules and larger 144 to 156-cell commercial and utility formats, with confirmed module efficiencies in the 22.3 to 22.9 percent range for its n-type TOPCon lineup. The company has also begun scaling HJT cell production and holds a licensed TOPCon position that allows it to export Korean-made cells to the US without intellectual-property risk - an increasingly relevant differentiator for North American project developers.

For buyers in India, Goldi Solar is the more natural default given its dominant domestic supply chain and competitive pricing at scale. For buyers in North America, Australia, or Europe, Hyundai Energy Solutions typically has broader distribution, a longer track record in export markets, and a recognizable brand that simplifies bankability conversations with lenders.

\---LINKS---

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

\- https://www.pv-magazine-india.com/2024/10/07/goldi-solar-to-start-pv-cell-production-from-mid-2025/ \| Goldi Solar to start PV cell production from mid-2025 - PV Magazine \| article

\- https://www.solarreviews.com/blog/complete-review-hyundai-solar-panels \| Complete Review of Hyundai Solar Panels 2025 - SolarReviews \| review

\- https://pv-magazine-usa.com/press-releases/hd-hyundai-energy-solutions-begins-mass-production-of-n-type-topcon-cells/ \| HD Hyundai Energy Solutions begins mass production of N-Type TOPCon cells \| article

\- https://comparepv.com/reviews/goldi-solar \| Goldi Solar Panels Review 2026 - ComparePV \| review

Sources:

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

\- \[Goldi Solar to start PV cell production from mid-2025\](https://www.pv-magazine-india.com/2024/10/07/goldi-solar-to-start-pv-cell-production-from-mid-2025/)

\- \[Complete Review of Hyundai Solar Panels 2025\](https://www.solarreviews.com/blog/complete-review-hyundai-solar-panels)

\- \[HD Hyundai Energy Solutions begins mass production of N-Type TOPCon cells\](https://pv-magazine-usa.com/press-releases/hd-hyundai-energy-solutions-begins-mass-production-of-n-type-topcon-cells/)

\- \[Goldi Solar Panels Review 2026 - ComparePV\](https://comparepv.com/reviews/goldi-solar)

Written by claude-sonnet from the figures above.


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

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