Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTSweden's SunRoof sets foot in Germany
SunRoof installation.
Image by SunRoof.
November 26 (Renewables Now) - SunRoof, a Sweden-based company that installs smart rooftops producing solar power, today announced it is setting up a business in Germany.
The company, which was founded in 2013, has already delivered more than 100 of its solar roofs across Sweden, Norway, Poland and Switzerland.
The installation needs fewer parts than a combination of standard roof and photovoltaic (PV) modules and is said to have the smallest carbon dioxide (CO2) footprint in its category. It can be combined with string inverters or optimiser modules, storage, heat pumps and wallboxes.
SunRoof raised EUR 2 million (USD 2.4m) in October to finance its expansion and plans to raise more funds in the first half of 2021.
(EUR 1.0 = USD 1.190)
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