1. N2OFF partners with Solterra to advance its European solar projects. 2. No objections reported in Germany, enhancing project approval visibility. 3. Over $1.69 million in value creation secured through strategic renegotiations. 4. Italian battery storage projects targeted for H2 2026 approvals. 5. Options for project monetization include sale or build-and-operate strategy.
FAQ
Why Bullish?
N2OFF's advancements in Europe and reduced risks could boost investor confidence, similar to other cleantech firms showing improved project clarity, leading to increased valuations.
How important is it?
Investments in European solar projects indicate strong growth potential, directly affecting NITO's market position.
Why Long Term?
Success with upcoming approvals and monetization options will impact NITO's growth trajectory well beyond 2026.
N2OFF Advances European Renewable Energy Initiatives with Significant Milestones
Neve Yarak, Israel, Dec. 29, 2025 (GLOBE NEWSWIRE) — N2OFF, Inc. (NASDAQ: NITO), a leading cleantech company specializing in solar energy investments through the RTB (Ready to Build) model, has revealed significant progress in its European projects. This advancement is primarily driven by a collaboration with Solterra Renewable Energy Ltd. (“Solterra”). Recent developments in both Germany and Italy have considerably mitigated permitting risks, unlocked approximately $1.69 million in value, and positioned N2OFF for various monetization strategies.
Key Investor Highlights
- Permitting Risk Reduced: Notable advances with zero objections during Germany’s public consultations and formal planning submissions in Italy.
- Value Creation: Strategic renegotiations in Germany have optimized returns through disciplined, capital-efficient maneuvers.
- Monetization Flexibility: Italian battery storage projects are set for value realization in H2 2026, with options for project sale or build-and-operate strategies.
Germany Update: Progress Towards Approval in Q3 2026
The flagship project in Germany is progressing well, nearing the completion of its first public consultation round with no objections or significant changes requested thus far. This outcome indicates robust regulatory and community backing.
The submission of the draft zoning plan for final consultation is expected by late January 2026. Current timelines suggest that final approval will be granted in Q3 2026, keeping the project on its intended trajectory.
Additionally, an amendment to the development agreement was executed last week, allowing Solterra to receive approximately €280,000 in advance funding for expedited progress. In exchange, N2OFF will benefit from a reduction of €11,000 per MW in development fees, leading to project-level savings exceeding $1.69 million. This capital-efficient strategy demonstrates N2OFF's commitment to optimizing returns as it accelerates growth in high-potential assets.
Italy Update: Strategic Planning Submissions
In late November, N2OFF formally submitted planning applications for its Sicilian battery storage projects. These projects have been significantly de-risked by securing:
- Binding grid connection capacities
- Preliminary land agreements (to be finalized upon permits)
- Completion of extensive preparatory planning over six months
Provided there are no material objections, planning approvals are anticipated for H2 2026. N2OFF will explore optimal value realization paths at this stage, considering both project sale and construction and operational strategies in alignment with partner insights.
About N2OFF Inc.
N2OFF, Inc. is a cleantech company concentrating on solar energy assets within Europe, adopting the RTB business model. The company is currently a leading investor in four solar projects distributed across three EU nations, introduced through Solterra Renewable Energy Ltd., a wholly owned subsidiary of Solterra Energy Ltd.
N2OFF also maintains full ownership of MitoCareX Bio Ltd. ("MitoCareX"), a biotech firm pursuing drug discoveries aimed at cancer therapies, along with various other potential ailments related to the mitochondrial SLC25 protein family. Furthermore, N2OFF holds approximately 98% of Save Foods Ltd., an Israeli company focused on post-harvest solutions to manage pathogen contamination in fruits and vegetables. For further details, please visit www.n2off.com.
Forward-Looking Statements
This announcement contains forward-looking statements as defined by the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Terms like “expects,” “anticipates,” “intends,” “plans,” and similar expressions signal these statements. As they pertain to future events, they are subject to various risks and uncertainties that could affect the success of N2OFF's collaboration with Solterra Energy Ltd., engagement in upcoming projects, and the effectiveness of its solar PV sector ventures.
Actual results may diverge materially from expectations clarified in this announcement. For a comprehensive review of risk factors, please refer to N2OFF’s Annual Report on Form 10-K filed with the SEC on March 31, 2025, and any subsequent filings with the SEC.
Contact Information
For further inquiries, please contact:
Michal Efraty
Email: michal@efraty.com