Jolywood vs Vikram Solar - solar panel manufacturer comparison
Vikram Solar has the broader catalog (202 vs 128 models). Vikram Solar leads on peak efficiency at 23.69%. Jolywood leans bifacial (86% of lineup).
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
- Founded
- 2008
- Headquarters
- Taizhou, China
- Listed
- SZSE: 300393
- 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
Jolywood skews to higher efficiency: 22% of lineup is 23%+
Vikram Solar offers more 600W+ panels (42% of lineup)
Dominant cell tech: <strong>TOPCon</strong> (95%)
Dominant cell tech: <strong>PERC</strong> (75%)
The flagships
Written summary
Jolywood is a Chinese module manufacturer founded in 2008 and listed on the Shenzhen exchange since 2014, best known as one of the early pioneers of mass-produced n-type TOPCon cells, having started commercial-scale production as far back as 2018. The company operates cell production capacity approaching 20 GW alongside roughly 10 GW of TOPCon module capacity, and has only recently been added to Tier 1 manufacturer lists. Vikram Solar, headquartered in Kolkata, India, has been in business since 2005, holds a long-standing Tier 1 classification from BloombergNEF, and has been named a Top Performer in PVEL's reliability scorecard. Following the commissioning of its new 5 GW Vallam facility in Tamil Nadu, Vikram Solar's cumulative production capacity now sits around 9.5 GW annually, giving it a somewhat stronger institutional track record and a longer history of confirmed bankability than the newer-to-Tier-1 Jolywood.
On the product side, Jolywood's lineup centers on n-type TOPCon modules ranging from 415 W to 715 W, split between the NIWA brand for residential use, including hybrid solutions bundling panels, storage and energy management such as NIWA Home, and bifacial modules aimed at utility-scale ground-mount projects. Vikram Solar covers a broader technology spread, from conventional monocrystalline PERC through multi-busbar and G12 half-cell designs to newer TOPCon and HJT modules spanning 395 W to 735 W, serving residential, commercial and industrial (C&I), and utility-scale segments, and it also offers EPC and O&M services as a systems integrator.
For an international buyer prioritizing bank financing and a proven institutional history, Vikram Solar's longer-standing Tier 1 status and more diversified technology portfolio may offer slightly more reassurance, while Jolywood is a strong pick for buyers specifically seeking modern, high-efficiency TOPCon panels for residential or light commercial rooftops. In practice, once specific model specifications are matched, the two brands are largely comparable in quality, and the deciding factor is more likely to be local distributor support, warranty terms, and price than any fundamental gap between the manufacturers.
Generated by Claude Sonnet 5 · 2026-09-15
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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.