---
title: "Solar N Plus vs Waaree - Brand Comparison | ComparePV"
description: "Compare Solar N Plus vs Waaree solar panels: full portfolio, efficiency, cell technology breakdown, warranty terms and company background."
source: "https://comparepv.com/solar-n-plus-vs-waaree"
---

# Solar N Plus vs Waaree

Waaree has the broader catalog (222 vs 149 models). Waaree leads on peak efficiency at 23.51%. Solar N Plus leans bifacial (74% of lineup).


## The two companies


| Attribute | Solar N Plus | Waaree |
| --- | --- | --- |
| Country |  | India |
| Headquarters |  | Mumbai |
| Founded |  | 1990 |
| Employees |  | 8500+ |
| Annual capacity |  | 13.3 GW/year |
| Tier 1 | no | yes |
| Listed |  | NSE: WAAREEENER |
| Website |  | [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 | Solar N Plus | Waaree | Margin |
| --- | --- | --- | --- |
| Panel Models | 149 | 222 | +73 |
| Max Power | 720 W | 730 W | +10 W |
| Avg Power | 506 W | 371 W | +135 W |


## Efficiency


| Measure | Solar N Plus | Waaree | Margin |
| --- | --- | --- | --- |
| Max Efficiency | 23.30% | 23.51% | +0.21 pp |
| Avg Efficiency | 21.96% | 18.39% | +3.56 pp |


## Reliability & Warranty


| Measure | Solar N Plus | Waaree | Margin |
| --- | --- | --- | --- |
| Avg Temp Coefficient | -0.316%/°C | -0.362%/°C | +0.046 |
| Bifacial Share | 111 (74%) | 85 (38%) | +36 pp |
| Avg Warranty | 29.7 yrs | 21.7 yrs | +8.0 yr |


## Efficiency distribution

Solar N Plus skews to higher efficiency: 11% of lineup is 23%+


| Efficiency band | Solar N Plus | Waaree |
| --- | --- | --- |
| 20-21% | 21 (14.1%) | 47 (21.2%) |
| 21-22% | 42 (28.2%) | 14 (6.3%) |
| 22-23% | 70 (47.0%) | 13 (5.9%) |
| 23%+ | 16 (10.7%) | 9 (4.1%) |
| \<20% | 0 | 139 (62.6%) |


## Power distribution

Solar N Plus offers more 600W+ panels (19% of lineup)


| Power band | Solar N Plus | Waaree |
| --- | --- | --- |
| \<400W | 7 (4.7%) | 124 (55.9%) |
| 400-499W | 77 (51.7%) | 35 (15.8%) |
| 500-599W | 36 (24.2%) | 36 (16.2%) |
| 600-699W | 19 (12.8%) | 20 (9.0%) |
| 700W+ | 10 (6.7%) | 7 (3.2%) |


## Cell technology

Dominant cell tech: **TOPCon** (56%)

Dominant cell tech: **PERC** (48%)


| Technology | Solar N Plus | Waaree |
| --- | --- | --- |
| TOPCon | 83 (55.7%) | 12 (5.4%) |
| PERC | 35 (23.5%) | 107 (48.2%) |
| N-type | 26 (17.4%) | 8 (3.6%) |
| Unknown | 5 (3.4%) | 88 (39.6%) |
| HJT | 0 | 7 (3.2%) |


## Top panels, Solar N Plus


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [SP-N18/132HG-720W](https://comparepv.com/panel/solar-n-plus-sp-n18-132hg-720w) | 720 | 23.2 | -0.300 | Monocrystalline |
| 2 | [SP-N18/132HG 720](https://comparepv.com/panel/solar-n-plus-sp-n18-132hg-720) | 720 | 23.2 | -0.300 | Monocrystalline |
| 3 | [SP-N18/132HG-715W](https://comparepv.com/panel/solar-n-plus-sp-n18-132hg-715w) | 715 | 23.0 | -0.300 | Monocrystalline |
| 4 | [SP-N18/132HG 715](https://comparepv.com/panel/solar-n-plus-sp-n18-132hg-715) | 715 | 23.0 | -0.300 | Monocrystalline |
| 5 | [SP-N18/132HG-710W](https://comparepv.com/panel/solar-n-plus-sp-n18-132hg-710w) | 710 | 22.9 | -0.300 | Monocrystalline |
| 6 | [SP-N18/132HG 710](https://comparepv.com/panel/solar-n-plus-sp-n18-132hg-710) | 710 | 22.9 | -0.300 | Monocrystalline |
| 7 | [SP-N18/132HG-705W](https://comparepv.com/panel/solar-n-plus-sp-n18-132hg-705w) | 705 | 22.7 | -0.300 | Monocrystalline |
| 8 | [SP-N18/132HG 705](https://comparepv.com/panel/solar-n-plus-sp-n18-132hg-705) | 705 | 22.7 | -0.300 | Monocrystalline |
| 9 | [SP-N18/132HG-700W](https://comparepv.com/panel/solar-n-plus-sp-n18-132hg-700w) | 700 | 22.5 | -0.300 | Monocrystalline |
| 10 | [SP-N18/132HG 700](https://comparepv.com/panel/solar-n-plus-sp-n18-132hg-700) | 700 | 22.5 | -0.300 | 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

Solar N Plus is a Chinese vertically integrated photovoltaic manufacturer with production facilities across Jiangsu, Anhui, Yunnan, and Southeast Asia. The company reports a combined cell and module capacity of approximately 20 GW, with an additional 10 GW under construction. Its credentials include SGS certification for its 182 mm TOPCon cell and a 5AA1 credit rating from Dun and Bradstreet, though no BloombergNEF Tier 1 designation has been publicly confirmed for the brand. Waaree Energies, headquartered in Gujarat, India, was founded in 1989 and has since grown into India's largest solar module manufacturer, with a global production capacity of roughly 22.3 GW - approximately 19.7 GW in India and 2.6 GW in the United States. Waaree holds BloombergNEF Tier 1 status and is the only Indian manufacturer to have maintained that designation continuously for 18 months, a meaningful signal of bankability for project financiers. On institutional footprint and lender acceptance, Waaree holds a clear advantage.

Solar N Plus builds its product range almost entirely around N-type TOPCon technology, with bifacial modules spanning from all-black residential panels around 440W to large-format utility modules in the 580-650W range. The company is primarily positioned as a volume supplier to EPC contractors and developers seeking competitively priced Chinese-manufactured TOPCon product. Waaree serves a broader spectrum of applications, with certified manufacturing in TOPCon, HJT, and PERC technologies. Standard framed and dual-glass bifacial modules address residential and commercial rooftop segments, while the PLEXUS HJT series - achieving module efficiency up to 23.50% per manufacturer data - targets space-constrained or high-performance projects. Waaree's US manufacturing footprint adds relevance for buyers navigating domestic-content requirements or import tariff exposure.

For most international buyers, Waaree is the stronger default choice. Its confirmed Tier 1 bankability simplifies project finance, its technology breadth covers the full application range, and its dual-continent manufacturing presence provides supply chain resilience. Solar N Plus is a credible and technically capable Chinese TOPCon manufacturer with competitive pricing, but the absence of confirmed Tier 1 status adds due-diligence burden in financed transactions. For cost-sensitive procurement outside of project finance structures, Solar N Plus can be a viable option - but the institutional and portfolio advantage clearly rests with Waaree.

Written by claude-sonnet from the figures above.


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Source: https://comparepv.com/solar-n-plus-vs-waaree

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