Tesla: Upbeat on energy storage install figures, solar not so much

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Tesla’s full-year storage installs have surged between 2017 (429MWh), 2018 (1.04GWh) and 2019 (1.65GWh). Image credit: PV Tech

Tesla has anticipated a solid 2020 on the renewable deployment front after its figures for 2019 proved stellar for storage installs but far less so for PV additions.

Unveiled earlier this week, Tesla’s full-year results for 2019 indicate the firm reached 173MW solar installations throughout last year, a far cry from the volumes it had recorded in 2017 (522MW) and 2018 (326MW). Meanwhile Tesla has enjoyed strong momentum with its storage business over the past three years. Full-year installs have surged between 2017 (429MWh), 2018 (1.04GWh) and 2019 (1.65GWh).

Tesla’s year-on-year slump of solar installations took place despite a slight recovery towards the second half of 2019.

To read the full version of this story, visit PV Tech

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