N2OFF Inc. Secures PV Solar Project Approval in Germany
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N2OFF Inc. Secures Approval for First PV Solar Project
According to recent updates, the approval for the solar PV project in Germany demonstrates that it meets the necessary safety standards required for connection to the power grid. This project is currently aligned with the expected timeline and milestones set forth.
Project Overview and Capacity
N2OFF, Inc. (NASDAQ: NITO) (FSE: 80W), a leading clean tech company focused on innovative energy solutions, announced that its joint venture with Solterra Renewable Energy Ltd. has successfully secured the approval to connect its first solar PV project to a regional energy provider’s power grid in Germany.
The project, approved by the municipality of Melz, holds a total capacity of 111 MWp (Megawatt peak), which is significant for renewable energy production in the region. This capacity reflects a major step towards achieving sustainable energy goals.
Key Stakeholder Comments
Eran Litvak, co-CEO of Solterra, expressed enthusiasm for the approval, stating that securing a power grid connection is a crucial factor in the potential success of such projects. He emphasized that achieving this milestone is vital, as it ensures the project can be safely integrated into the power grid.
David Palach, CEO of N2OFF, also commented positively on the progress of the project, noting that it alleviates regulatory and operational risks, which bolsters their partnership with Solterra's experienced team.
Solterra's Market Engagement
Solterra Renewable Energy is actively engaged in multiple markets, including Italy, Poland, and Germany, managing a diverse portfolio of solar PV projects at various development stages, totaling approximately 300 megawatts. Founded in 2022, Solterra is helmed by industry veterans who bring decades of combined experience in successfully executing energy projects.
About N2OFF Inc.
N2OFF, Inc., formerly known as Save Foods, Inc., specializes in creating sustainable solutions aimed at enhancing energy efficiency and reducing greenhouse gas emissions within the agri-tech sector. N2OFF is committed to promoting environmentally friendly agricultural practices and innovative energy solutions.
The company's majority-owned subsidiary, NTWO OFF Ltd., targets the reduction of nitrous oxide emissions, a potent greenhouse gas, through sustainable agricultural practices. N2OFF is also expanding its involvement in the solar PV market by funding Solterra Renewable Energy Ltd. for both current and future projects, emphasizing its commitment to sustainable energy initiatives.
Investor Relations
For those interested in learning more about N2OFF and its initiatives, please visit the company’s official website to access additional information regarding its operations and investor relations contacts.
Frequently Asked Questions
What is N2OFF, Inc. known for?
N2OFF, Inc. is a clean tech company focused on providing sustainable energy solutions and innovative approaches in the agri-tech sector.
What is the capacity of the approved solar PV project?
The approved solar PV project has a total capacity of 111 MWp, making it a significant renewable energy initiative.
Who is partnering with N2OFF on this project?
N2OFF is collaborating with Solterra Renewable Energy Ltd. on this solar PV project, leveraging their joint expertise in renewable energy.
What are the main markets for Solterra?
Solterra is active in three primary markets: Italy, Poland, and Germany, where it manages several solar PV projects.
How can I contact N2OFF for investor relations?
For investor inquiries, Michal Efraty can be contacted via email at michal@efraty.com.
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