Estonian Solar Roofing Manufacturer Solarstone Raises €10 Million

The Estonian-based solar roof company Solarstone has completed 700 solar roof installations in 8 countries. Recently, Solarstone raised a good amount of funding for growth too. With the help of a local asset management company, the company raised €10 million to support future plans.shares that Solarstone intends to expand building-integrated solar PV solutions across Europe with these funds. The expansion will also help set up the development for installations beyond Europe.

According to Silver Aednik, co-founder and CEO of Solarstone OÜ, energy production and consumption patterns are undergoing a major shift, with prosumer-generated capacities balancing the shortcomings of centralized energy generation. “The shift has led many to look towards adding their production capacity to where they live. Solarstone’s technology removes all barriers to making it happen as it makes it profitable, beautiful & climate conscious of adding solar directly to where they live,” states Silver.The company is actively recruiting proptech experts to grow private and business segments. They will develop the teams in Estonia and other strategic markets.

“One of the two solar tiles, dubbed Solarstone 90 W, has a power conversion efficiency of 19.5%, an open-circuit voltage of 11.22 V, and a short-circuit current of 9.58 A. It has dimensions of 1,530 mm x 395 mm x 31 mm and weighs in at 7 kg. The tile relies on eight cells measuring 156 mm x 156 mm and 3.2 mm prismatic glass. The second tile, called Solarstone 108 W, has a larger size of 1,824 mm x 389 mm x 22 mm and a weight of 8 kg.

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