REG - Zenith Energy Ltd - Acquisition of Solar Energy Project

About this update from Zenith Energy Ltd.

RNS Number : 5963Z Zenith Energy Ltd 17 September 2025 September 17, 2025ZENITH ENERGY LTD.("Zenith" or the "Company")Acquisition of Solar Energy ProjectZenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA), the listed international energy production and development company, is pleased to announce the signing of an agreement to acquire a solar energy development project located in the Puglia region of Italy (the "Puglia Acquisition") by its wholly-owned Italian subsidiary created to manage its solar energy portfolio, WESOLAR S.R.L. ("WESOLAR").Key Highlights· The Puglia Acquisition will have a total installed capacity of approximately 6 MWp.· The Puglia Acquisition is categorised as being at 'Development' stage.· Puglia is one of Italy's most favourable regions for solar energy, having higher solar irradiation hours compared to other regions. This results in a superior economic yield for solar energy plants.· The Puglia Acquisition enables Zenith to consolidate its presence in Puglia, while at the same time complementing its established pipeline in Piedmont and Lazio. Together, these acquisitions provide the Company with significant development portfolios in Puglia, Lazio and Piedmont, three of Italy's most attractive and strategically important regions for solar energy.· The consideration for the Puglia Acquisition is EUR 750,000, which includes the purchase of the land hosting the Puglia Acquisition, and will be conditional to the achievement of all the necessary permits for it to achieve 'Ready-to-Build' categorisation.Zenith Energy Solar Portfolio (as of September 16, 2025)Project / StageCapacity (MWp)StatusNotesLiguria Solar Asset 0.5Production UpgradeCurrently producing 0.2 MWp, upgrade to 0.5 MWp planned.Puglia Solar Asset 3.0Ready-to-BuildAll permits obtained, grid connection ready, announced on July 30, 2025.Piedmont Photovoltaic Project10.0DevelopmentOriginally an agrivoltaics project, but then reclassified to photovoltaic as announced on August 22, 2025.Lazio Agrivoltaic Projects15.0DevelopmentFirst Lazio acquisition (10 MWp) announced Aug 6, 2025. Second acquisition (5 MWp) announced on August 27, 2025.Piedmont Agrivoltaic Development Projects30.0DevelopmentMulti-site acquisition announced on August 11, 2025.Puglia Solar Development Asset 6.0DevelopmentAcquisition signed on September 16, 2025.Total Portfolio64.5Andrea Cattaneo, ...

View stock analysis, news, and events for Zenith Energy Ltd.