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tactical areas: Boston; San Francisco and also Menlo Park, Calif.; Herzliya, Israel; London; as well as New York City. Headquartered in Cambridgeshire, UK,

Israel-based N2OFF Inc and partner Solterra Renewable Energy Ltd have received approval from the Melz Municipal Committee for their 111-MWp solar project in Germany. This initiative is expected to advance to the shovel-ready phase by the end of this year, with the photovoltaic (PV) farm expected to integrate into the local power grid.The project marks the first development under a broader joint venture established last summer between N2OFF and Solterra. In support of the project, N2OFF has committed a loan of EUR 2 million (USD 2.05 million). The partners are also exploring options to increase solar capacity or incorporate energy storage solutions. What impact will the N2OFF and Solterra solar project have on Germany's energy landscape? Impact of the N2OFF and Solterra Solar Project on Germany's Energy Landscape Increased Renewable Capacity: The completion of the 111-MWp solar project will contribute significantly to Germany's renewable energy capacity, which is essential for meeting national and EU climate targets. This addition supports the broader transition away from fossil fuels and toward renewable sources. Job Creation: The construction and operation of the solar farm are expected to create numerous jobs in the region. This not only benefits the local economy but also enhances the skill set of the workforce in renewable energy technologies. Strengthened Local Grid: Integrating the solar project into the local power grid will enhance grid stability and reliability. It can also reduce reliance on imported energy by increasing local generation capacity. Climate Change Mitigation: By producing clean energy, the project will help to decrease greenhouse gas emissions, contributing to Germany's efforts to combat climate change and meet international commitments under the Paris Agreement. Innovation and Technology Adoption: As N2OFF and Solterra consider incorporating energy storage solutions, this could lead to advancements in energy management technologies, facilitating better utilization of solar energy and enhancing overall system efficiency. Community Engagement: The project can foster greater public awareness and acceptance of renewable energy initiatives in Germany, potentially leading to more community-based renewable projects in the future. Long-Term Investment in Renewables: The EUR 2 million loan commitment by N2OFF underlines the financial viability of solar projects in Germany, sending a positive signal to other investors about the stability and growth potential of the solar market. Support for Energy Transition Goals: This project aligns with Germany's Energiewende (energy transition) goals, aiming for a more sustainable and self-sufficient energy system by 2045. It reflects a commitment to diversifying energy sources and reducing dependence on traditional fuels. Potential Replication Model: If successful, this project could serve as a model for future solar developments in Germany, inspiring similar initiatives across other municipalities and regions, thereby accelerating the transition to renewable energy. Local Economic Growth: By fostering an environment for investment in renewable energy, the project can stimulate local economic growth, leading to ancillary businesses and services related to solar power development and maintenance. Overall, the N2OFF and Solterra solar project represents a significant step forward in transforming Germany's energy landscape, encouraging further advancements and collaboration in the renewable energy sector.

Capital Ltd, an Israeli renewables developer, has secured project financing of up to EUR 110 million to bolster its Italian solar portfolio, which includes

Israel-based agri-food tech firm N2OFF Inc (NASDAQ:NITO) is entering the solar market by providing a loan for a 111-MWp solar project in Germany, as part of a partnership with Solterra Renewable Energy Ltd. The announcement came at the end of July, with N2OFF and private investors committing to finance up to EUR 8 million (USD 8.89 million) to support solar initiatives developed by Solterra, starting with a project in Melz.The funding includes an initial EUR 2.08 million loan that will help advance the project towards ready-to-build (RTB) status, with additional financing tied to milestone achievements. Once RTB is reached, Solterra plans to sell the project, while N2OFF's group retains the right to further investment opportunities of up to EUR 6 million. Solterra, established in 2022, targets renewable energy projects primarily in Italy, Poland, and Germany, managing around 300 MW of capacity across various stages of development. How is N2OFF's financing impacting solar project development in Germany? How N2OFF's Financing is Impacting Solar Project Development in Germany Catalyzing Development: N2OFF's financial commitment is instrumental in accelerating the development of solar projects, enabling initiatives that might otherwise face delays due to funding shortages. Fostering Partnerships: By partnering with Solterra Renewable Energy Ltd., N2OFF strengthens collaborative efforts in the renewable energy sector. This partnership exemplifies how international companies can aid local developers, bringing foreign investment into the German solar market. Increasing Project Viability: The initial loan of EUR 2.08 million is crucial for advancing the Melz solar project to a ready-to-build (RTB) status, making it more appealing for future investors and buyers. Flexible Financing Structure: The financing model linked to milestone achievements allows for a tailored approach, ensuring that funds are allocated based on the project’s progress. This not only mitigates risk but also incentivizes project management. Long-term Investment Potential**: N2OFF's option to invest an additional EUR 6 million upon reaching RTB signals a commitment to long-term engagement in the German solar market, enhancing confidence among other investors. Support for Local Industry**: By investing in Germany's renewable sector, N2OFF supports the local economy, creates jobs, and contributes to the country’s goal of increasing renewable energy capacity. Enhancing Energy Security: The influx of financing aids in diversifying Germany's energy sources, which is vital for reducing reliance on fossil fuels and enhancing energy security. Stimulating Competitive Pricing: Increased investment in solar projects can lead to more competitive energy pricing, which is beneficial for consumers and businesses alike, potentially lowering electricity costs in the long run. Contributing to Climate Goals: Increased solar capacity aligns with Germany's climate objectives, helping the country meet its targets for CO2 reductions and promoting a sustainable energy future. Model for Future Investments: N2OFF's approach could serve as a benchmark for future renewable energy investments in Europe, encouraging other financiers to explore opportunities in the sector. Strengthening Regulatory Support: N2OFF's backing could encourage regulatory bodies to further facilitate the development of solar projects, streamlining processes and possibly leading to improved policies and incentives for developers. This multifaceted impact of N2OFF’s financing illustrates how strategic investments can not only bolster individual projects but also contribute to the broader renewable energy landscape in Germany.  

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a State-run nonrenewable fuel source titan, introduced its collaboration with Israel based start-up Phinergy for growth, personalization, production, setting up

is targeting 800 MW of capacity, including wind and biomass. In November, Israel donated $60 million for solar energy and agricultural projects in Angola, to

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