N2OFF Entered Into An Agreement To Fund Up To €8 Million For 50% Rights In Several Solar PV Projects To Be Developed By Solterra Renewable Energy Ltd.
Portfolio Pulse from Benzinga Newsdesk
N2OFF, Inc. (NASDAQ:NITO) has entered into an agreement to fund up to €8 million for 50% rights in several solar PV projects developed by Solterra Renewable Energy Ltd. The first project, with a capacity of 111 MW, has received municipal approval and an indicative grid connection solution in Germany.
July 31, 2024 | 1:15 pm
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N2OFF, Inc. has entered into an agreement to fund up to €8 million for 50% rights in several solar PV projects developed by Solterra Renewable Energy Ltd. The first project, with a capacity of 111 MW, has received municipal approval and an indicative grid connection solution in Germany.
The agreement to fund up to €8 million for solar PV projects and the approval of the first 111 MW project in Germany is a significant development for N2OFF, Inc. This partnership with Solterra Renewable Energy Ltd. is likely to enhance N2OFF's portfolio in the clean energy sector, potentially driving revenue growth and positively impacting the stock price in the short term.
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