- Global Market Insight: New daily price assessments for solar PV panels in the US, Europe, and Asia.
- Increased Transparency: Enhances clarity in solar module pricing amid rising demand.
- Industry Endorsement: Responds to market need for independent, transparent pricing.
S&P Global Commodity Insights, through Platts, has launched the first independent daily solar photovoltaic (PV) panel price assessments for the US, Europe, and Asia. This initiative aims to provide transparency in solar module pricing as the technology becomes increasingly commoditized.
The new daily assessments cover:
- Platts Solar Module FOB China (5-50 MW and 50-100 MW)
- Platts Solar Module DDP Europe (5-50 MW and 50-100 MW)
- Platts Solar Module DDP US (5-50 MW and 50-100 MW)
These reflect bifacial solar modules procured for commercial, industrial, and utility-scale projects. The Platts Global Solar Module Marker, a daily average of the six individual assessments, offers a global perspective on solar panel prices.
Edurne Zoco, Executive Director of Analysis, Clean Energy Technology at S&P Global Commodity Insights, highlights the rapid growth of solar PV installations. “Solar PV will be the most installed energy source for the next decades, with over 4 terawatts direct current (TWdc) of new installations by 2030,” Zoco states. “Solar modules are now among the most sought-after commodities in the competitive energy markets.“
The exponential increase in solar module manufacturing and trade has driven the demand for transparent pricing. Annalisa Jeffries, Global Head of Electricity Power Pricing, S&P Global Commodity Insights, emphasizes, “We bring over a century of price assessment expertise to the solar module market, addressing the industry’s need for a recognized benchmark provider.“
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The price assessments adhere to the Platts Market-on-Close methodology, reflecting the value determined by buyers and sellers in the open market at the 4:30 pm London close. These assessments, available via S&P Global Commodity Insights products, aim to provide real-time market insights amid pricing volatility influenced by factors such as import duties and supply chain costs.