Core Insights - N2OFF, Inc. has made significant progress in its solar photovoltaic (PV) project in Melz, Germany, with the Melz Municipal Committee approving the statutory plan for the facility, marking an important milestone towards achieving ready-to-build (RTB) status by the end of 2025 [2][3][4] Group 1: Project Details - The Melz project is a 111 MWp solar PV facility and represents N2OFF's first venture into the renewable energy market, aligning with the company's mission to support sustainable energy projects [3][4] - The project is part of a joint venture between N2OFF and Solterra Renewable Energy Ltd., aimed at accelerating the development of renewable energy facilities across Europe [3][4] Group 2: Financial Aspects - N2OFF continues to provide financial support to Solterra, including a loan installment of €470,000 as part of a total €2 million loan commitment, focusing on accelerating project development [4] - Solterra aims to create renewable energy facilities with a total portfolio capacity of approximately 300 MW across Germany, Italy, and Poland [5] Group 3: Company Background - N2OFF, Inc. specializes in sustainable solutions for energy and innovation in the agri-tech sector, with a focus on reducing greenhouse gas emissions and promoting environmentally friendly agricultural practices [6] - Solterra, founded in 2022 by renewable energy veterans, specializes in initiating and developing solar PV projects with rapid commercialization potential [5]
N2OFF, Inc. Announces 111 MWp Solar PV Project in Germany Secures Regulatory Approval