Helping Technology Pricing Transparency as Solar Modules Become More Commoditized
SINGAPORE and NEW YORK and LONDON, July 17, 2024 /PRNewswire/ — Platts, a part of S&P Global Commodity Insights, is the main impartial supplier of knowledge, knowledge, evaluation, benchmark pricing and workflow options for the commodities, power, battery metals and metals markets. power transition, launched the primary impartial each day , spot market photo voltaic photovoltaic (PV) panel worth assessments for the US, Europe and ASIA. In addition to the six particular person Platts Solar Module costs, Platts can even publish the Platts Global Solar Module Marker, which is a each day common of six particular person assessments, and which can present a world view of photo voltaic panel costs.
Edurne Zoco, Executive Director of Analysis, Clean Energy Technology, S&P Global Commodity Insights, stated: “Solar PV would be the most put in power supply for the following few a long time, with S&P Global Commodity Insights predicting greater than 4 terawatts of direct present (TWdc) in new installations earlier than the 2030, which is equal to a few occasions the overall energy technology capability of the US. In addition, photo voltaic accounts for approx 40% of latest energy technology capability worldwide by 2050. Solar modules have turn out to be one of the sought-after commodities in more and more aggressive power markets.”
With the exponential progress within the manufacture, commerce and set up of photo voltaic modules, trade and market curiosity in an impartial, clear supply of bodily market photo voltaic module pricing has expanded accordingly. After receiving suggestions from the market, S&P Global Commodity Insights now affords six new each day worth assessments exhibiting the worth of bifacial photo voltaic modules bought for business and industrial (C&I) and utility scale renewable power initiatives. .
The new spot bodily market worth assessments of photo voltaic modules of differing megawattage (MW) and delivered obligation paid (DDP) or free on board (FOB) embrace:
- Platts Solar Module FOB China 5-50 MWexhibiting 10-30 days forward free on board (FOB) Shanghai, China
- Platts Solar Module FOB China 50-100 MWexhibiting 10-30 days forward free on board (FOB) Shanghai, China
- Platts Solar Module DDP Europe 5-50 MWexhibiting 28-70 days forward of supply Rotterdam, Europe
- Platts Solar Module DDP Europe 50-100 MWexhibiting 28-70 days forward of supply Rotterdam, Europe
- Platts Solar Module DDP US 5-50 MW, which reveals 28-60 days forward for US East Coast transport
- Platts Solar Module DDP US 50-100 MW, which reveals 28-60 days forward for US East Coast transport
- Platts Global Solar Module Marker is a each day common of six particular person photo voltaic module panel assessments, which can present a world view of photo voltaic panel costs
Platts Solar Module worth assessments present photo voltaic modules with 570 -720 watts (W) of output. Topcon specification and wafer sizes of 182-210 mm for volumes of 5 megawatt (MW) to 50 MW, and 50 MW to 100 MW. The worth reveals the photo voltaic modules, expressed as a direct worth in US cents per watt.
Annalisa Jeffries, Global Head, Electricity Power Pricing, S&P Global Commodity Insights: “We take significantly our dedication to assist the market and trade discover options to pricing challenges and we’re completely satisfied to heed the decision and convey transparency to the photo voltaic module market, which is turning into extra commoditized and extra essential in power transition planning. We convey our 100 years of expertise in pricing a brand new utility, to this electricity-generating expertise, at a time when the market is in search of a you’re acknowledged as a benchmark supplier.”
Price assessments, introduced within the subscriber’s observe, will comply with the Platts Market-on-Close technique primarily based on the idea that worth is a mirrored image of time. All market pricing indicators, reminiscent of bids, affords and transactions, will probably be printed in real-time all through Platts’ each day worth evaluation course of, culminating in a remaining intraday worth evaluation. which displays the worth decided by consumers and sellers. on the open market at 4:30 p.m London close to the market. For extra particulars go to this hyperlink.
Import duties, oversupply, and provide chain prices have led to vital volatility in photo voltaic module costs, particularly because the begin of 2023.
New spot market Platts photo voltaic module panel DDP and FOB worth assessments can be found by means of S&P Global Commodity Insights services and products, together with Platts Connect, Platts Market Center, and the Platts worth database.
The new spot market Platts Solar Module costs add to S&P Global Commodity Insights’ main bodily market electrical energy costs in S&P Global Commodity Insights, which have been printed for many years, in addition to latest Platts Capture Prices – what renewable power turbines obtain for the electrical energy they produce over a each day interval — launched in 2018 in Europe and 2020 within the US.
Media contacts:
Americas: Kathleen Tanzy + 1 917-331-4607, kathleen.tanzy@spglobal.com
EMEA: Paul Sandell + 44 (0)7816 180039, paul.sandell@spglobal.com
ASIA: Melissa Tan + 65-6597-6241, melissa.tan@spglobal.com
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SOURCE S&P Global Commodity Insights