Israel’s N2OFF enters photo voltaic enterprise – pv journal International

Israel-based N2OFF mentioned it can enter the PV sector by lending €375,000 to Israeli PV developer Solterra Renewable Energy. The mortgage is a component of a bigger €500,000 plan, with different, unspecified events offering the remaining €125,000.

“Solterra is at present lively in three primary goal markets: Italy, Poland, and Germany, managing a portfolio in varied phases of photo voltaic PV growth with a complete cumulative capability of approx. of 300 MW,” the corporate mentioned in a press release.

According to Solterra’s web site, its “founders and administration have a long time of expertise, a confirmed observe file, and worldwide success with main worldwide renewable power corporations. Our regional branches are simply accessible and staffed by native professionals who communicate the native language and perceive the wants and complexities of the tradition.

N2Off operates within the cleantech trade by means of three subsidiaries. Save Foods focuses on post-harvest remedy for vegatables and fruits. NTWO OFF promotes agricultural practices to cut back nitrous oxide (N2O) emissions. Plantify Foods gives clear label wholesome meals choices.

“In latest months, we’ve got recognized what we consider to be a gorgeous alternative within the rising photo voltaic PV market,” mentioned N2OFF CEO David Palach. “Our resolution to enter this discipline was primarily pushed by our collaboration with consultants from Solterra, who’ve expertise main photo voltaic PV tasks. The present mortgage settlement marks the start of a collaboration that we consider with nice potential for revenue and income in future tasks.