N2OFF, Solterra JV mulls expanding 111-MWp solar project in Germany

N2OFF, Solterra JV mulls expanding 111-MWp solar project in Germany Solar park in Germany. Image by: Maincubes.

Israel-based agri-food tech company N2OFF Inc (NASDAQ:NITO) and Solterra Renewable Energy Ltd are considering expanding their joint 111-MWp solar project in Germany by either increasing the capacity or coupling it with energy storage.

Deliberations started after the partners secured a grid-connection approval for the project and a following report presented by Solterra, N2OFF said in a statement on Wednesday.

The approved grid connection capacity exceeds the 97 MW required by the project by about 10% and thus the partners are now considering two options to maximise value by either increasing the site’s capacity by up to 10% or adding a battery energy storage system (BESS).

A final decision will be made following further examination, the press statement says.

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Marta is an M&A and IPO specialist with years of experience covering energy deals in the US and EU.

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