Latest Acquisition Demonstrates OPIS’ Commitment to Investing in High-Quality, Proprietary Data for the Global Energy, Chemicals and Sustainability Communities
Dow Jones announced that OPIS, a Dow Jones company, has signed an asset purchase agreement to acquire solar panel pricing, market reporting and related data assets from Singapore Solar Exchange Pte Ltd ( SSX). The deal is expected to close in early July 2022.
OPIS provides cutting-edge information, analysis and price benchmarking for energy, carbon, raw materials, chemicals and other raw materials. With this acquisition, OPIS will expand its offering to the solar panel industry to provide current and prospective photovoltaic (PV) pricing data and market analysis. Widely recognized as a global industry standard for benchmark and benchmark pricing for the energy industry, OPIS will also leverage its expertise as a pricing agency to enable the creation of benchmarks globally accepted in the solar panel value chain, including polysilicon, solar wafers, solar cells and photovoltaic panels.
Almar Latour, CEO of Dow Jones and Publisher of The Wall Street Journal, said, “Dow Jones’ mission is to provide the world’s most trusted source of journalism, data and analysis to help people make decisions. . This acquisition extends the reach of this mission and is another example of our strategic pursuit of growth opportunities and leveraging our expertise as a price rating agency. Adding solar panel pricing to our data set strengthens our energy, chemicals and sustainability business as we focus on helping customers navigate the continued shift in energy traditional to renewable energies.
“We are excited to extend our trusted expertise in solar panel pricing to help customers navigate the energy transition,” said Brian Crotty, CEO of OPIS. “Industry is increasingly interested in accurate and reliable price reporting standards for pricing renewable energy. We are delighted to support this effort with this acquisition and will pursue IOSCO (International Organization of Securities Commissions) compliance for the relevant portions of this business. »
Sakura Yamasaki, Founder and Managing Director of Singapore Solar Exchange, said, “I am delighted to announce this transaction, which paves the way for the global transition to cleaner energy. Over the past 12 years, SSX has established itself as a reliable and unbiased provider of solar energy market and pricing information. OPIS has unrivaled experience and expertise in providing bankable price references in the energy markets. Together, we can enable the creation of a solar panel futures segment that will provide much-needed price visibility, transparency and risk mitigation mechanisms for solar project stakeholders around the world.
Dow Jones and News Corp acquired OPIS and related assets from S&P Global and IHS Markit in February 2022. In News Corp’s fiscal 2022 third quarter results, Dow Jones reported its highest revenue ever in third quarter since its acquisition with growth of 16%. Dow Jones’ professional information business rose 13%, reflecting the inclusion of a month of OPIS results.