REG - Zenith Energy Ltd - New acquisition: Agrivoltaic Development Project

Zenith EnergyAnnouncement

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RNS Number : 7707W  Zenith Energy Ltd  27 August 2025

August 27, 2025

 

ZENITH ENERGY LTD.

("Zenith" or the "Company")

New 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 an additional agrivoltaic solar energy development
project located in the Lazio region of Italy (the "Lazio Acquisition").

Key Highlights

·    On August 6, 2025, the Company announced the acquisition of its first
agrivoltaic development project in Lazio.

·    The Company has now completed the acquisition of an additional 10
hectares of farmland in Lazio for the development of a 5 MWp agrivoltaic solar
energy project.

·    The total consideration for the Lazio Acquisition is EUR 650,000,
including the purchase of the land hosting the project, and will be payable
conditional upon the successful conclusion of the permitting process and the
start of construction.

·    Agrivoltaic technology enables the dual use of land, combining
agricultural production with solar energy generation, thereby optimising land
productivity.

·    The Lazio Acquisition enables Zenith to consolidate its presence in
Lazio, while at the same time complementing its established pipeline in
Piedmont. Together, these acquisitions provide the Company with two
significant development portfolios in Lazio and Piedmont, two of Italy's most
attractive and strategically important regions for solar energy.

Zenith Energy Solar Portfolio (as of August 26, 2025)

 Project / Stage                            Capacity (MWp)  Status                Notes
 Liguria Solar Asset                        0.5             Production  Upgrade   Currently producing 0.2 MWp, upgrade to 0.5 MWp planned.
 Puglia Solar Asset                         3.0             Ready-to-Build        All permits obtained, grid connection ready, announced on July 30, 2025.
 Piedmont Agrivoltaic Project               10.0            Development           Reclassified from agrivoltaic to photovoltaic as announced on August 22, 2025.
 Lazio Agrivoltaic Projects                 15.0            Development           First Lazio acquisition (10 MWp) announced Aug 6, 2025. Second acquisition (5
                                                                                  MWp) announced on August 27, 2025.
 Piedmont Agrivoltaic Development Projects  30.0            Development           Multi-site acquisition announced on August 11, 2025.
 Total Portfolio                            58.5

 

Revenues Estimation from 55 MWp Solar Energy Portfolio

Zenith has commissioned a financial projection, from an expert consultant in
the Italian solar energy industry, to forecast revenues from a 55 MWp solar
energy portfolio, applying an assumption of an allocation of 40 MWp in the
North of Italy and 15 MWp in the Southern and Central part of the Italian
peninsula and using EEX power futures for 2026-2035 (the "Study"). The Study
projects annual generation of 97,795 MWh and average revenues of about EUR 9
million per year from 2026-2031, easing to roughly EUR 8 million per year
thereafter. Over the first decade of operation, this equates to an estimated
EUR 85.5 million in gross revenue, with a total expected infrastructure life
expectancy of approximately 25 years.

 

Andrea Cattaneo, Chief Executive Officer, commented:

"The addition of a second agrivoltaic project in Lazio increases our regional
development capacity to 15 MWp and marks a further step in strengthening
Zenith's Italian solar portfolio.

Together with our development pipeline in Piedmont, the Lazio Acquisition
establishes two development clusters in the two most attractive regions of
Italy for solar energy production. This cluster approach is expected to drive
operating efficiencies, improve development and construction economics, and
enhance long-term portfolio value.

We remain focused on a disciplined, step-by-step strategy to build a
diversified, scalable and cash-generative solar portfolio. Based the recent
Study commissioned by the Company, a portfolio of 55 MWp is projected to
generate approximately EUR 8-9 million per annum at steady state once fully
operational.

We will continue to grow assets under management as opportunities arise to
build an operation with substantial realisable value that delivers sustainable
value for shareholders."

 

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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