Platts to launch daily India solar module price assessments

Platts, part of S&P Global Commodity Insights, will launch daily India solar module price assessments, 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.

Market participants have noted an increasing need for transparent pricing in this growing market.

The price assessments will 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 will be published as outright prices on a FOB India basis and reflect modules scheduled for shipment seven to 30 days forward from the basis location, Mundra. The assessments will be published in US cents per Watt and in Indian rupees per Watt.

Please note that Platts has changed the time stamp from the proposal. The assessments will reflect an Indian time stamp (1630 IST) and will follow the Platts India publishing schedule.

Market information reported to Platts will be 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, Platts Megawatt Daily and Platts REC Daily.

Please note that the Platts Global Solar Marker (AMOGA00) will be recalculated to include India TOPCon. The new Global solar Market formula would be an arithmetical average of the 5-50 MW TOPCon specification assessments for China, Europe, India and the US.

A proposal was published April 28 and can be found here: Platts proposes daily India PERC and TOPCon solar module assessments.(opens in a new tab)

Please submit any feedback, comments, or questions to powerpricing@spglobal.com and pricegroup@spglobal.com.

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.