REG - Zenith Energy Ltd - Acquisition of Ready-to-Build Solar Energy Project

Zenith EnergyAnnouncement

Wed 07:02

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RNS Number : 0792T  Zenith Energy Ltd  30 July 2025

July 30, 2025

 

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Acquisition of Ready-to-Build Solar Energy Project

Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA; PINK
MARKET: ZENAF), the listed international energy production and development
company, is pleased to announce that it has acquired a Ready-to-Build solar
energy production project located in the region of Puglia in Italy (the
"Acquisition"), by way of its Italian subsidiary created for the purpose of
managing its new solar energy portfolio, WESOLAR S.R.L. ("WESOLAR").

Acquisition Highlights

·      The Acquisition will have a power output of approximately 3 MWp.

·      It is strategically located next to the A14 motorway and is
approximately 500 meters from a local industrial zone.

·      Connected to a nearby E-distribuzione medium-voltage substation,
ensuring efficient integration into the local grid.

·     Situated in a region known for its strong solar irradiance, the
Acquisition is expected to benefit from high energy productivity. Classified
as "Ready-to-Build", the project has already obtained all necessary permits
for immediate commencement of construction.

·      The Acquisition spans a total of 3.5 hectares and was acquired
for EUR 280,000, equating to a cost of EUR 80,000 per hectare.

 Andrea Cattaneo, Chief Executive Officer, commented:

 "Zenith's recent acquisitions clearly demonstrate the successful execution
of our growth strategy as we work toward our goal of building a 20 MWp solar
energy portfolio by the end of 2025. In consideration of the several larger
acquisitions under active review, it is likely we shall significantly surpass
this target.

The acquisition strategy is designed to establish a sustainable,
forward-looking foundation for long-term, organic revenue generation and
profitability. We intend to finance this growth through favourable bank
lending terms, providing the Company with the financial flexibility to
redefine its strategic direction following the termination of its energy
production portfolio in Tunisia.

Today's acquisition is fully permitted and situated near a grid connection
point-an essential factor for the efficient sale of electricity. It should be
underlined that this is a conventional solar energy site, not an agrivoltaic
installation, which makes it a simpler and more cost-effective project to
develop.

We have a strong pipeline of upcoming developments across multiple areas and
look ahead with great optimism."

 

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), the Euronext Growth of the Oslo Stock Exchange (OSE: ZENA) and the
Pink Markets of the OTC (OTC PINK: ZENAF).

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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