N2OFF Inc Enters EU Solar Market with 111 MW Project

N2OFF Inc's Strategic Move into the EU Solar PV Market

N2OFF Inc, listed on NASDAQ as NITO, has made a significant entry into the European Union's solar photovoltaic (PV) market by investing in a 111 MW solar project located in Melz, Germany. This move comes as part of an agreement with Solterra Renewable Energy to fund up to €8 million in solar PV projects. For this specific project, N2OFF and private investors are providing a loan of €2.08 million. The project has already secured municipal approval and an indicative grid connection solution, which are critical steps in project development.