OPIS, the energy, chemicals and carbon news and price data subsidiary of Dow Jones (itself, a part of News Corp), has agreed to buy the solar pricing and reporting assets of Singapore Data Exchange. The deal allows OPIS to expand into solar and PV (photovoltaic) markets and will use its expertise to establish a benchmarking service.
Dow Jones, which is consistently extending its reach in price data services, is expected to be the most profitable part of News Corp.
Singapore Solar Exchange was founded by Sakura Yamasaki and has been operating since 2010. Dow Jones has only recently acquired OPIS from its previous parent for $1.15bn, on the merger of S&P Global and IHS Markit.
In the week when News Corp’s Sky News Australia has been criticised as a major source of ‘climate change denial’ reporting across the world, it might seem ironic that the parent company is investing in solar energy data.