N2OFF Announces Binding Agreement With Solterra For 1-Year Renewable Energy Projects In Albania, Focusing On Solar Energy And Battery Storage; Solterra To Conduct Feasibility Studies, N2OFF To Manage Financing

This new collaboration was driven by the successful fast tracking of joint projects in Germany and Italy follows the recently signed three-way clean energy cooperation agreement between Italy, Albania, and the United Arab Emirates

Neve Yarak, Israel, Feb. 10, 2025 (GLOBE NEWSWIRE) -- N2OFF, Inc. (NASDAQ:NITO) (FSE:80W) ("N2OFF" and the "Company"), a clean tech company engaged in sustainable solutions for energy and innovation for agri- tech, announced today it has signed a binding term sheet with Solterra Energy Ltd. ("Solterra") to collaborate exclusively on renewable energy projects in Albania for one year, focusing primarily on solar energy and battery storage. Under this agreement, which was announced on January 23, 2025, the parties will look to present potential Projects, introduced through their local relationships, while Solterra will conduct feasibility analyses. If the analyses yield positive results and both parties approve, Solterra will handle project development, and Nito will oversee financing, either directly or through a financing partner.