Dear Users,
Greetings!
As Saudi Arabia continues to accelerate its energy transition, utility-scale solar projects, primarily large ground-mounted power plants, are progressing steadily. Local photovoltaic module procurement and cross-border trading activities have become increasingly active, driving greater market attention to module prices delivered to destination ports. With their higher conversion efficiency, greater power density and mature industrial supply chain, TOPCon modules have become important procurement products for photovoltaic projects in Saudi Arabia.
Amid continued fluctuations in international freight costs, insurance expenses and regional supply and demand, FOB prices at Chinese ports alone can no longer fully reflect the actual landed cost of modules exported to Saudi Arabia. CIF prices include the cost of the goods, insurance and ocean freight to the designated destination port, providing module manufacturers, traders, project investors, EPC companies and end buyers with a more representative benchmark for cross-border transactions.
To better reflect the actual delivered market for Chinese photovoltaic modules exported to Saudi Arabia, and to support industry participants in procurement decisions, trade settlement, project cost calculation and risk management, SMM has conducted extensive market research and plans to officially launch the following price assessments on August 28, 2026:
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TOPCon Module: Utility-Scale(G12)-CIF Saudi Arabia
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TOPCon Module: Utility-Scale(G12R)-CIF Saudi Arabia
The new assessments represent CIF prices for TOPCon modules delivered to major ports in Saudi Arabia. They will primarily reference actual delivered transactions at Jeddah Islamic Port, King Abdulaziz Port in Dammam and other major port areas.
Price Specifications:
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Price type: CIF Saudi Arabia
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Tax basis: Excluding tax
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Definition: CIF price at major ports in Saudi Arabia
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Unit: US dollars per watt (USD/W)
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Major brands: LONGi, JinkoSolar, JA Solar, Trina Solar, Tongwei and others
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Minimum transaction volume: 10 MW
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Delivery period: Within three months
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Publication time: 11:00 a.m. Saudi Arabia time every Friday
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Payment terms: Cash and other payment methods that can be standardized and converted into cash equivalents
SMM will continue to monitor photovoltaic project development, module procurement, international logistics, and changes in supply and demand in Saudi Arabia. The relevant price assessments will be evaluated and published based on authentic and verifiable market transactions and quotations.
Thank you for your continued interest in and support for SMM’s photovoltaic pricing system.
SMM Photovoltaic Research Team
August 17, 2026