Virtual Power Plant (VPP) Market Expected to Boost the Global Industry Growth in the Near Future
The virtual power plant market is expected to grow at a CAGR of 29.68% from 2016 to 2021, to reach a market size of USD 709.2 million by 2021. Major drivers of the virtual power plant include growth in smart grid, increasing share of renewable energy in the power generation mix and lowering costs for solar and energy storage.
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