Platts, which is part of S&P Global Commodity Insights, has launched the world's first independent daily, spot market solar photovoltaic panel price assessments for the U.S., Europe and Asia.
In addition to six individual Platts Solar Module prices, Platts will also publish the Platts Global Solar Module Marker, which is a daily average of the six individual assessments, “and which will provide a global perspective of solar panel prices,” S&P said on July 17.
After receiving feedback from the market, S&P Global Commodity Insights is now offering six new daily price assessments reflecting the value of bifacial solar modules procured for commercial and industrial and utility scale renewable energy projects.
The new spot physical market price assessments of solar modules of differing megawattage and delivered duty paid or free on board include:
- Platts Solar Module DDP US 5-50 MW, reflecting 28-60 days forward for delivery to US East Coast
- Platts Solar Module DDP US 50-100 MW, reflecting 28-60 days forward for delivery to US East Coast
- Platts Solar Module FOB China 5-50 MW, reflecting 10-30 days forward free on board (FOB) Shanghai, China
- Platts Solar Module FOB China 50-100 MW, reflecting 10-30 days forward free on board (FOB) Shanghai, China
- Platts Solar Module DDP Europe 5-50 MW, reflecting 28-70 days forward delivery to Rotterdam, Europe
- Platts Solar Module DDP Europe 50-100 MW, reflecting 28-70 days forward delivery to Rotterdam, Europe
Platts Global Solar Module Marker is a daily average of the six individual solar module panel assessments, which will provide a global perspective of solar panel prices, S&P said.
The price assessments, announced by subscriber note, will follow the Platts Market-on-Close methodology based on the concept that price is a reflection of time.
All market pricing indications, such as bids, offers and transactions, will be published in real-time throughout the full-day Platts price assessment process, which culminates in an end-of-day price assessment reflecting the value as determined by buyers and sellers in the open market at the 4:30 pm London market close. For more details visit this link.
Importation duties, oversupply, and supply chain costs have led to significant solar module pricing volatility, particularly since the start of 2023, S&P noted.
The new spot market Platts solar module panel DDP and FOB price assessments are available via S&P Global Commodity Insights products and services, including such as Platts Connect, Platts Market Center, and the Platts price database.
