REG - Zenith Energy Ltd - Acquisition of Solar Energy Project

Zenith EnergyAnnouncement

Today 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250917:nRSQ5963Za&default-theme=true

RNS Number : 5963Z  Zenith Energy Ltd  17 September 2025

September 17, 2025

 

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Acquisition of Solar Energy Project

Zenith 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 / 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 Photovoltaic Project              10.0            Development          Originally an agrivoltaics project, but then reclassified 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.
 Puglia Solar Development Asset               6.0           Development          Acquisition signed on September 16, 2025.
 Total Portfolio                            64.5

 

Andrea Cattaneo, Chief Executive Officer of Zenith Energy, commented:

"The addition of a second solar energy project in Puglia increases our
regional development capacity to 9 MWp and marks a further step in
strengthening Zenith's Italian solar portfolio.

Together with our development pipeline in Piedmont and Lazio, the Puglia
Acquisition establishes three development clusters in the 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.

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), the Euronext Growth of the Oslo Stock Exchange (OSE: ZENA) and
has received conditional approval for listing on the Spotlight Stock Market in
Sweden.

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.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  ACQPKABPOBKDFCD