Co-branded indices to further price
transparency and risk assessment in the renewable energy
markets
NEW
YORK, June 30, 2022 /PRNewswire/ -- S&P
Global Commodity Insights, the leading independent provider of
information and benchmark prices for the commodities and energy
markets, and Pexapark, the leading provider of reference pricing,
enterprise software and execution services for renewable power
purchase agreements (PPAs), today announced an agreement to
create jointly renewable energy price indices to help create more
transparency in renewable energy markets. The collaboration will
combine Platts benchmark expertise with Pexapark's trusted
reference pricing of renewable PPAs across European markets.
Powered by Pexapark's unique data set, technology and price
assessment methodology, coupled with S&P Global Commodity
Insights' Platts index methodology, the new daily price indices
will provide enhanced transparency and risk assessment capabilities
for renewable energy market participants. Both companies share a
goal to create much-needed price benchmarks to drive greater
understanding and investment in sustainable energy, including
valuing assets, managing volatility, and for generators and
offtakers to structure and close PPA deals.
"As the energy transition gathers momentum around the globe,
benchmark pricing for sustainable energy is crucial for the
evolution and growth of the renewable energy market," said
Alan Hayes, Head of Energy
Transition Pricing for S&P Global Commodity Insights. "This new
family of renewable energy indices will combine the independence
and methodology rigor of Platts benchmarking processes with
Pexapark's established price data, technology and expertise in this
growing and important sector."
Under the agreement, Pexapark will provide evaluated prices for
PPAs in solar and wind to S&P Global Commodity Insights for the
joint development of renewable energy price indices. These indices
will help facilitate growth in deal making for PPAs by creating
benchmarks for the market, which S&P Global Commodity Insights
expects to play a central role in the renewable energy expansion
that will underpin much of the corporate and government energy
transition strategies.
"We welcome the opportunity to use our wealth of renewable
energy price data to launch new indices backed up by the
significant benchmarking experience of S&P Global Commodity
Insights," said Michael Waldner,
Co-Founder and CEO at Pexapark. "Our company was founded on
the purpose of accelerating the energy transition by creating an
efficient market for renewable energy, and this partnership is a
major step in that ongoing work."
About Pexapark
Pexapark is an award-winning enterprise software and advisory
company, specialized in renewable energy. With more than 20,000 MW
of renewable PPA transactions supported, Pexapark is the reference
for buying, selling and managing renewable energy. Pexapark's
PPA reference prices increase transparency across 18 markets. Our
advisory team and software suite enable leading companies to close
successful PPA transactions, manage their risk and grow their
renewable energy revenues. Pexapark was founded in 2017 with the
purpose of accelerating the energy transition towards net zero by
creating an efficient market for renewable energy. For more
information, please visit https://pexapark.com.
Media Contacts:
Global/EMEA: Alex Ortolani + 1 917-618-0709,
alex.ortolani@spglobal.com
Asia: Melissa Tan + 65-6597-6241,
melissa.tan@spglobal.com
Americas: Kathleen Tanzy + 1
917-331-4607, kathleen.tanzy@spglobal.com
About S&P Global Commodity Insights
At S&P Global Commodity Insights, our complete view of
global energy and commodity markets enables our customers to make
decisions with conviction and create long-term, sustainable
value.
We're a trusted connector that brings together thought leaders,
market participants, governments, and regulators and we create
solutions that lead to progress. Vital to navigating commodity
markets, our coverage includes oil and gas, power, chemicals,
metals, agriculture, shipping and energy transition. Platts
products and services, including the most significant benchmark
price assessments in the physical commodity markets, are offered
through S&P Global Commodity Insights.
S&P Global Commodity Insights is a division of S&P
Global (NYSE: SPGI). S&P Global is the world's foremost
provider of credit ratings, benchmarks, analytics and workflow
solutions in the global capital, commodity and automotive markets.
With every one of our offerings, we help many of the world's
leading organizations navigate the economic landscape so they can
plan for tomorrow, today. For more information visit
https://www.spglobal.com/commodityinsights.
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SOURCE S&P Global Commodity Insights