N2OFF advances European solar ambitions with key approval for 111MWp project in Germany

N2OFF, Inc. (NASDAQ: NITO; FSE: 80W), a global leader in clean tech innovation, has reached a significant milestone in its renewable energy strategy. On December 31, 2024, the Melz Municipal Committee in Germany approved the statutory plan for the 111 MWp solar photovoltaic (PV) project, a collaborative venture between N2OFF and Solterra Renewable Energy Ltd. This approval represents a critical step in advancing the project toward ready-to-build (RTB) status, expected by the end of 2025.

A Milestone in Renewable Energy Development

The approval from Melz’s municipal authorities follows a rigorous review of the project’s environmental and urban planning implications. As the project enters the public hearing phase, N2OFF and Solterra remain committed to ensuring the timely progression of this transformative solar initiative.

Situated in the heart of Germany, the Melz project underscores N2OFF’s strategic pivot toward renewable energy. This venture aligns seamlessly with its commitment to providing sustainable solutions, including solar power and greenhouse gas reduction technologies. Once operational, the 111 MWp facility will contribute significantly to Germany’s renewable energy capacity, supporting its ambitious climate goals while creating a model for sustainable energy development across Europe.

Leveraging Expertise for Sustainable Impact

N2OFF’s collaboration with Solterra Renewable Energy Ltd combines financial backing with advanced solar development expertise. Solterra, founded in 2022 by industry veterans Eran Litvak and Yair Harel, has rapidly positioned itself as a leader in initiating and commercializing high-capacity solar PV projects. With an active portfolio of approximately 300 MW across Germany, Italy, and Poland, Solterra is spearheading renewable energy advancements in key European markets.

N2OFF’s commitment to this project extends beyond funding. A €470,000 loan installment was recently provided as part of a €2 million funding agreement to ensure the smooth execution of the Melz solar facility. This partnership reflects N2OFF’s mission to harness innovative technologies to address global energy challenges while advancing its diversification into renewable energy.

Driving Innovation Across Multiple Sectors

While the Melz project represents N2OFF’s first solar venture, it complements the company’s established efforts in agri-tech and emission mitigation. Its Israeli subsidiary, NTWO OFF Ltd, is dedicated to reducing nitrous oxide emissions, a potent greenhouse gas with 310 times the global warming potential of carbon dioxide. NTWO OFF Ltd employs cutting-edge technologies to make agricultural practices both environmentally sustainable and economically viable.

Additionally, Save Foods Ltd, another of N2OFF’s subsidiaries, focuses on post-harvest treatments that enhance the safety and quality of fruits and vegetables, addressing global food supply challenges. N2OFF’s diversified portfolio highlights its innovative approach to solving critical environmental and energy issues.

A Vision for Renewable Energy Growth

The Melz solar PV project is not just an isolated initiative; it is a blueprint for how N2OFF intends to shape the future of renewable energy in Europe. By supporting projects like Melz, the company is aligning with global efforts to reduce dependence on fossil fuels, mitigate climate change, and foster energy independence.

David Palach, CEO of N2OFF, emphasized the broader significance of the project, stating that the Melz facility reflects the strength of the company’s partnership with Solterra and their shared vision for clean energy innovation. This strategic collaboration is set to accelerate the deployment of impactful renewable energy solutions across Europe.

The Road Ahead

As the Melz project advances through its final stages of approval, N2OFF and Solterra remain focused on meeting the late-2025 RTB target. This project is expected to set the stage for future renewable energy developments, creating a ripple effect across the European energy landscape.

About N2OFF

N2OFF, Inc., formerly known as Save Foods, Inc., is a diversified clean tech company operating across renewable energy, agricultural sustainability, and emission reduction sectors. With a minority stake in Plantify Foods, Inc., a Canadian company specializing in clean-label food solutions, N2OFF continues to expand its influence in global sustainability efforts.