REG - Zenith Energy Ltd - Acquisition of Agrivoltaic Solar Project in Italy

Zenith EnergyAnnouncement

Wed 07:00

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RNS Number : 1667U  Zenith Energy Ltd  06 August 2025

August 6, 2025

 

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Acquisition of Agrivoltaic Development Project in Lazio, Italy

Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA), the
listed international energy production and development company, is pleased to
announce the acquisition of a development-stage Agrivoltaic solar energy
production project in the region of Lazio, Italy (the "Acquisition"),  by its
wholly-owned Italian subsidiary created to manage its solar energy portfolio,
WESOLAR S.R.L. ("WESOLAR").

Acquisition Highlights

·    The Acquisition will have an installed capacity of approximately 10
MWp.

·    Agrivoltaic technology integrates agricultural activities with solar
energy production, optimising land use and supporting sustainable agricultural
practices.

·    The Company expects the Acquisition will achieve Ready-to-Build
status within the next 12 months.

·    The consideration for the Acquisition is EUR 1,300,000, which
includes the purchase of the land hosting the Acquisition, and will be payable
conditional to the achievement of all the necessary permits for it to become
'Ready-to-Build'.

The Company's Solar Energy Portfolio now includes:

·      Liguria Solar Asset: 0.5 MWp (Operational, currently producing at
0.2 MWp).

·      Puglia Solar Asset: 3 MWp (Ready-to-Build).

·      Agrivoltaic Project in Piedmont: 7 MWp (Development Stage).

·      Agrivoltaic Development Project in Lazio: 10 MWp (Development
Stage).

 

 Andrea Cattaneo, Chief Executive Officer, commented:

"We are pleased to announce the Acquisition-our largest to date. This
milestone holds significant symbolic value because it marks the early
achievement of our strategic goal of building a 20 MWp production capacity
portfolio by the end of 2025.

Following the Acquisition, Zenith now holds a diversified portfolio of solar
assets spanning operational, ready-to-build, and development stages. Each
project we pursue is subject to rigorous technical and legal due diligence,
both before and after acquisition, ensuring there is exclusive focus solely on
high-quality opportunities with a clear path to full permitting.

Looking ahead, we intend to leverage favourable financing options tailored to
Italy's solar sector to accelerate our expansion and minimise equity dilution.
Our strategic vision is clear: to acquire and develop promising solar projects
across various stages, capitalising on advantageous market conditions to build
a sustainable, revenue-generating portfolio with rapid investment recovery."

 

 

 

 

 

 

Further Information:

 Zenith Energy Ltd

Andrea Cattaneo, Chief Executive Officer  Tel: +1 (587) 315 1279

                                            E:       info@zenithenergy.ca (mailto:info@zenithenergy.ca)

 

Notes to Editors:

Zenith Energy Ltd. is a revenue generating, independent energy company with
energy production, exploration and development assets in North Africa, the US
and Europe. The Company is listed on the London Stock Exchange Main Market
(LSE: ZEN) and the Euronext Growth of the Oslo Stock Exchange (OSE: ZENA).

Zenith's strategic focus is on pursuing development opportunities through the
development of proven revenue generating energy production assets, as well as
low-risk exploration activities in assets with existing production.

 

For more information, please visit:  www.zenithenergy.ca
(http://www.zenithenergy.ca)

Twitter: @zenithenergyltd

LinkedIn:  https://bit.ly/3A5PRJb (https://bit.ly/3A5PRJb)

 

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 as it forms part of UK domestic law by virtue of
the European Union (Withdrawal) Act 2018 ("MAR"). Upon the publication of
this announcement via a Regulatory Information Service ("RIS"), this inside
information is now considered to be in the public domain.

 

 

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