The global VPP market has hit 37.5 GW of capacity, WoodMac reports, with 4.5 GW added in the past year. (Solar Builder Mag)
While deployments, offtakers, and monetized programs all grew by more than 33% YoY, capacity itself rose just 13.7%—a gap analysts blame on utility program caps, capacity accreditation reforms, and regulatory barriers.
California, Texas, New York, and Massachusetts account for 37% of deployments, with PJM and ERCOT logging the largest offtake volume.
The 25 largest VPP offtakers each procured 100+ MW this year, with more than half expanding deployments by at least 30%.