The projects have secured preliminary grid connection approvals from Terna SpA, Italy's transmission system operator, and the Company believes it is on track to attain RTB status within 18-24 months. "We continue to fund our Italian subsidiary and looking forward to achieve Ready-to-Build status," said David Palach, CEO of N2OFF. "Our estimates are supported by 2024 data, and we believe the potential could be even higher, as Italy's solar market is experiencing strong growth fueled by government incentives and increasing public awareness to sustainability. Solar electricity generation is projected to reach 36.47 billion kWh in 2025, with an annual growth rate of 6.86% from 2025-2029 according to Statista and Italy aims for 52 GW of solar capacity by 2030 and 74.6% renewable electricity by 2050."