US-based N2OFF, Inc., a clean tech firm focused on sustainable energy and agri-tech, has provided an update on its Solar PV Joint Venture Project with UK-based Solterra Renewable Energy Ltd. According to Solterra, the project recently received approval to connect to the power grid in Meltz, Germany, with a grid connection capacity of 110 MW, exceeding the design requirement of 97 MW. Solterra claims this surplus offers two potential value-enhancing opportunities: a 10% project capacity expansion or integrating battery storage solutions. N2OFF and Solterra are currently assessing both options for optimizing efficiency and profitability. Even without immediate implementation, the increased capacity could enhance the project’s overall valuation, especially if sold later.
Solterra and N2OFF plan solar capacity increase
N2OFF and Solterra are exploring ways to increase project efficiency and profitability. (Image Credit: Solterra Renewable Energy)
Actualize Solar has signed five long-term PPAs in 2024, advancing its 1.5 GW solar project portfolio across six US states. (Image Source: Businesswire)
Located in Enna and Catani a, the 242.78 MW solar plant was designed to produce 400 GWh annually, meeting the needs of 154,000 households. (Inage Source: Iberdola)
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)