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N2off Inc. and Solterra Announce Potential to Increase Capacity in Solar Pv Joint Venture Project
N2OFF Inc. (NASDAQ: NITO) and Solterra Renewable Energy have announced potential enhancements to their Solar PV Joint Venture Project in Meltz, Germany.
Following approval for grid connection, Solterra reported that the allocation is approximately 10% greater than initially anticipated. This excess capacity presents two potential pathways to maximize value:
1. Increasing the project's capacity by up to 10%
2. Incorporating battery storage solutions
1. Increasing the project's capacity by up to 10%
2. Incorporating battery storage solutions
The current project design requires a 97 MW grid connection to deliver an aggregate capacity of 111 MWp. Both companies are examining these options to enhance the project's efficiency and profitability.
Even without immediate pursuit of these pathways, the increased capacity could potentially lead to a higher overall valuation if the project is sold.
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