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Stock impact report

N2OFF Inc. and Solterra Unlock New Potential for Capacity Expansion in Solar PV Project

N2OFF, Inc. (NITO) 
Company Research Source: GlobeNewswire
Solterra's review reveals a 10% capacity increase, exceeding initial expectations and opening new opportunities for growth Neve Yarak, Israel, Sept. 30, 2024 (GLOBE NEWSWIRE) -- N2OFF, Inc.\ (NASDAQ: NITO) (FSE:80W) (“N2OFF” and the “Company”), a clean tech company engaged in sustainable solutions for energy and innovation for the agri- tech, updated regarding its Solar PV Joint Venture Project with Solterra Renewable Energy Ltd. (“Solterra”). As announced on September 11, 2024, following receiving the required approval to connect to the power grid of a regional energy service provider in Meltz, Germany, Solterra sent the Company an additional report that indicates possible avenues to potentially increase the project’s value. The current project design requires a grid connection of 97 MW to deliver an aggregate capacity of 111 MWp. The approved grid connection capacity exceeds such requirement by approximately 10%, providing two potential pathways to maximize the value: (i) in Show less Read more
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