N2OFF (NASDAQ: NITO) (FSE: 80W), a clean-tech company engaged in sustainable solutions for energy and innovation for the agritech space, is reporting that the first solar photovoltaic (“PV”) project, which is part of its joint venture with Solterra Renewable Energy Ltd., has obtained approval to connect to the power grid of a regional energy service provider in Germany. This approval demonstrates that the project meets required safety standards; the project is also currently aligned with the set timeline and milestones established for the project. According to the announcement, the project was approved by the town of Melz, Germany, and is slated to provide a total capacity of 111 MWp (Megawatt peak).
“We are pleased with the timely progress of our first project in collaboration with Solterra,” said N2OFF CEO David Palach in the press release. “Reducing the project’s regulatory and operational risks provide us with a sense of comfort in our decision to collaborate with Solterra’s seasoned team.”
To view the full press release, visit https://ibn.fm/WhBS1
About N2OFF Inc.
N2OFF (formerly known as Save Foods Inc.) is a clean-tech company engaged in sustainable solutions for energy and innovation for agritech. Through its operational activities, the company delivers integrated solutions for sustainable energy, greenhouse-gas-emissions reduction and safety, and quality solutions for the agritech market. NTWO OFF Ltd., N2OFF’s majority-owned Israeli subsidiary, aims to contribute in tackling greenhouse-gas emissions, offering a solution to mitigate nitrous oxide (N2O) emissions, a potent greenhouse gas with 310 times the global warming impact of carbon dioxide. NTWO OFF aims to promote agricultural practices that are both environmentally friendly and economically viable. N2OFF recently entered the solar PV market and will provide funding to Solterra Renewable Energy Ltd. for the current project in the total capacity of 111 MWp, as well as future projects. Save Foods Ltd., N2OFF’s majority-owned Israeli subsidiary, focuses on post-harvest treatments in fruit and vegetables to control and prevent pathogen contamination. N2OFF also has a minority ownership in Plantify Foods Inc., a Canadian company listed on the TSX.V that offers a wide range of clean-label healthy food options. For more information about the company, please visit www.N2OFF.com.
NOTE TO INVESTORS: The latest news and updates relating to N2OFF are available in the company’s newsroom at https://ibn.fm/NITO
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