Global Virtual Power Plant Market Size|Forecast 2028|Delvens

The Virtual Power Plant market size is projected to reach a CAGR of 34% from 2022 to 2028.

Renewable energy is a type of energy that occurs naturally and can be easily replenished. Its major advantage over the conventional source pf energy is their role in reducing greenhouse gas emissions. Generation of energy from renewable sources is expensive dur to the used procedure and machines. Virtual Power Plant is a cloud based technology used in a power plan which sums the capacities of distantly present energy sources.

The recent shift from non-renewable to renewable energy sources along with the decreased cost of energy generation from solar energy are some of the factors that have supported long-term expansion for Virtual Power Plant Market.