10:30 AM EST, 01/02/2025 (MT Newswires) -- N2OFF ( NITO ) shares more than tripled in recent Thursday trading after the company won approval for the submission of the statutory plan for its 111 MWp solar photovoltaic joint-venture project in Melz, Germany.

The approval by the Melz municipal committee follows an environmental and planning review and brings the project closer to achieving ready-to-build status by the end of 2025, N2OFF ( NITO ) said Thursday in a statement.

The project, a venture with Solterra Renewable Energy, aims to develop renewable energy facilities across Europe.

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