N2OFF Unlocks $1.69M in Value, Advances Key EU Solar Projects

NEVE YARAK, ISRAEL – December 29, 2025 – Cleantech investment company N2OFF, Inc. today announced significant progress across its European renewable energy portfolio, marking key de-risking milestones in Germany and Italy that have unlocked substantial value and solidified the path toward future monetization. Through a strategic partnership with Solterra Renewable Energy Ltd., N2OFF is advancing its solar and battery storage assets under a capital-efficient “Ready to Build” (RTB) model, positioning the company to capitalize on Europe’s accelerating energy transition.

The developments, which include navigating critical permitting stages and executing a financially astute contract amendment, have not only increased the projects' certainty but also created approximately $1.69 million in value. These moves provide investors with enhanced visibility into the portfolio's trajectory, with major approvals in both countries now targeted for 2026.

Strategic Gains and Savings Secured in Germany

N2OFF’s flagship solar project in Germany is moving forward with notable momentum, having navigated a crucial phase of its regulatory journey with remarkable success. The project recently neared completion of its first public consultation round without receiving any objections or material change requests. This outcome is a powerful signal of strong community and regulatory alignment, a critical hurdle that can often delay or derail large-scale energy developments. The absence of opposition at this stage significantly de-risks the project and builds confidence in its path to final approval.

With this positive feedback, the project is on a firm timeline. The submission of the draft zoning plan for the final consultation round is scheduled for late January 2026, immediately following the holiday period. Based on the current trajectory, N2OFF and its partner Solterra anticipate receiving final approval in the third quarter of 2026, keeping the asset firmly on track for monetization.

Beyond the regulatory progress, N2OFF has demonstrated a proactive approach to maximizing shareholder value through a strategic renegotiation of its development agreement with Solterra. In an amendment executed last week, N2OFF will provide approximately €280,000 in advance funding to its development partner. This injection of capital is designed to accelerate progress on the ground. In exchange for this upfront payment, Solterra agreed to a €11,000 per megawatt (MW) reduction in its development fees. This disciplined, capital-efficient transaction is projected to deliver project-level savings exceeding $1.69 million, directly enhancing the asset's future profitability. This maneuver underscores N2OFF's core strategy of actively optimizing returns while expediting the development of its high-potential assets.

Italy's Battery Storage Projects Power Toward 2026 Approvals

Simultaneously, the company has made pivotal strides in Italy. In late November, formal planning applications were submitted for a series of battery storage projects located in Sicily. This submission marks the culmination of over six months of extensive preparatory work and represents a key milestone toward bringing these valuable energy assets to a “Ready to Build” status.

These Italian projects are considered strongly de-risked due to several critical factors that have been secured in advance. Binding grid connection capacity has already been obtained, ensuring the projects will be able to feed power into the national grid once operational—a significant and often competitive hurdle to clear. Furthermore, preliminary land agreements are in place, which will be finalized upon the issuance of permits. This comprehensive groundwork substantially reduces uncertainty and enhances the probability of a smooth and successful permitting process.

Barring any material objections during the review period, planning approvals for the Sicilian battery storage portfolio are targeted for the second half of 2026. Upon reaching this critical “Ready to Build” stage, N2OFF will have significant monetization flexibility. The company will be positioned to assess the most lucrative path for value realization, with options including an outright sale of the de-risked projects to a larger utility or infrastructure fund, or a decision to proceed with construction and operation in alignment with strategic partner goals. This optionality allows N2OFF to adapt to market conditions and maximize returns for its investors.

A Diversified Strategy Built on the RTB Model

These recent milestones in Germany and Italy are emblematic of N2OFF's overarching business strategy, which centers on the RTB model for solar energy assets. This approach involves identifying and acquiring projects at an early stage, steering them through the complex and often lengthy processes of permitting, grid connection, and land acquisition, and bringing them to the point where construction can commence. By focusing on this value-creation phase, N2OFF minimizes its exposure to the high capital expenditures and risks associated with the construction and operational phases, while positioning itself to monetize highly valuable, de-risked assets. The company is currently the lead investor in four such projects across three different European Union countries, all of which were introduced through its collaboration with Solterra Renewable Energy.

While cleantech and renewable energy are a core focus, N2OFF operates as a diversified investment company with holdings in other innovative sectors. The company holds a 100% stake in MitoCareX Bio Ltd., a biotechnology firm engaged in drug discovery for cancer therapeutics by targeting mitochondrial proteins. Additionally, N2OFF controls approximately 98% of Save Foods Ltd., an Israeli agri-tech company that develops post-harvest treatments to prevent pathogen contamination and extend the shelf life of fruits and vegetables. This diversified portfolio provides exposure to multiple high-growth industries, balancing its long-term energy projects with ventures in life sciences and agriculture technology.

The tangible progress in its European solar and storage portfolio demonstrates a clear execution of N2OFF's strategy, turning development plans into valuable assets with a clear path to monetization. As Europe continues its push for energy independence and decarbonization, companies that can successfully navigate the complexities of project development are poised to play a crucial role and capture significant value in the expanding renewable energy market.