Edurne Zoco, executive Director of Global Clean Energy technology analysis at S&P, said: "PV will become the largest energy source of installed capacity in the coming decades, and S&P Global Commodity Insight predicts that solar PV will be the largest source of new installed capacity by 2030, which is equivalent to three times the total electricity generation in the United States today.

In addition, solar power will account for nearly 40% of new global electricity generation by 2050. In an increasingly competitive energy market, solar modules have become one of the most sought-after commodities."

S&p Global said that since the beginning of 2023, a combination of import tariffs, oversupply and supply chain costs has led to large fluctuations in solar panel prices as demand has grown.

The evaluation tool will track six different component spot prices, covering different geographic locations, megawatts and time periods.

The price assessment reflects solar modules with output power of 570-720W, TOPcon specifications and 182-210 silicon wafer sizes, and prices will be displayed in megabits per watt.

The US-Asia Europe PV Module Spot Price Index, these six assessments are:

1. Platts solar module FOB China 5-50MW, reflecting 10-30 days forward FOB Shanghai China;

2. Platts solar Module China FOB 50-100MW, reflecting 10-30 days forward FOB Shanghai, China;

3. Platts solar modules European delivery price 5-50 MW, reflecting 28-70 days forward delivery to Rotterdam, Europe;

4. Platts solar modules European delivery price 50-100MW, reflecting 28-70 days forward delivery to Rotterdam, Europe;

5. Platts solar modules US delivery price 5-50MW, reflecting 28-60 days forward delivery to the East coast of the United States;

6. Platts solar modules US delivery price 50-100MW, reflecting 28-60 days forward delivery to the East coast of the United States;

Annalisa Jeffries, global head of power pricing at S&P Global Commodity Insights, said: "We take seriously our commitment to help the market and industry find solutions to pricing challenges, and we are pleased to answer this call to bring transparency to the solar panel market, which is becoming increasingly commoditized and important to energy transition planning."jinko solar panels