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N2OFF, Inc. (NASDAQ:NITO) ("N2OFF" and the "Company"), a cleantech company investing in solar energy assets based on the RTB (Ready to Build) business model, recently announced significant progress in its solar and energy storage initiatives, highlighting the successful execution of key projects in Germany, Italy, and Poland. Through its strategic partnership with Solterra Renewable Energy Ltd. ("Solterra"), N2OFF is advancing a robust portfolio of renewable energy projects, reinforcing its commitment to driving the global clean energy transition.
Strategic Investments and Opportunities
N2OFF has committed significant resources to its renewable energy portfolio, including €600,000 in recent debt financing for the Melz BESS integration, with a 7% annual interest rate and a 25% profit-sharing agreement after loan repayment. The company's joint venture with Solterra, initiated in 2024, targets a total portfolio capacity of approximately 300 MW across Germany, Italy, with additional future projects in development across Europe.
Posted In: NITO
