N2OFF provides update regarding Solar PV Joint Venture Project

N2OFF provided an update regarding its Solar PV Joint Venture Project with Solterra Renewable Energy. As announced on September 11, 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: increasing the project’s capacity by up to 10%; or incorporating battery storage solutions. The company and Solterra are currently examining both potential pathways in hopes of determining which could enhance the project’s overall efficiency and profitability.