Platts proposes daily India PERC and TOPCon solar module assessments

Platts, part of S&P Global Commodity Insights, is seeking feedback on a proposal to launch daily price assessments for solar photovoltaic modules in India reflecting both PERC and TOPCon technologies, effective July 1.

Solar PV module manufacturing capacity in India has reached 50 GW, according to the International Energy Agency's Electricity 2025 report, as the country targets 500 GW of renewable power capacity by 2030.

Given the robust growth in this market, Platts has observed strong interest in transparent pricing for solar modules in India.

The price assessments would reflect modules of 520-680 W output for PERC specification and 570-720 W output for TOPCon specification, with wafer sizes ranging from 182-210 mm, applicable for contract volumes between 5-50 MW.

The assessments would be published as outright prices in US cents per Watt on a FOB India basis, and reflect modules scheduled for shipment 7-30 days forward from the basis location, Mundra.

The assessments would reflect an India time stamp (3 pm IST) and follow the Platts India publishing schedule.

The assessments would consider market information reported to Platts and published throughout the day, including firm bids and offers, trades and indicative values, as well as any other data deemed relevant to the assessment process.

Platts may normalize information with differing specifications heard in the market to meet the assessment specifications. Normalization brings market information in line with the Platts assessed specifications.

Platts India solar module assessments will appear in Platts European Power Daily and Platts REC Daily.

Please note that the Platts Global Solar Marker (AMOGA00) will be recalculated to include India.

The new Global solar Market formula would be an arithmetic average of the 5-50 MW Topcon specification assessments for China, Europe, India and the US.

Please submit any feedback, comments, or questions about this proposal to powerpricing@spglobal.comandpricegroup@spglobal.com by May 27.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.

Platts will consider all comments received and will make comments not marked as confidential available upon request.