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Published on 07/12/2026 at 11:50 pm EDT
Zenith Energy Ltd. announced the acquisition of an additional 4.5 MWp ground-mounted photovoltaic development project located within the Metropolitan City of Rome in the Lazio region of Italy (the “Rome PV Project 2”).With construction now underway on the Company’s first solar plants in Puglia, Zenith continues to build its Italian pipeline towards the 200 MWp target, acquiring a second site in Rome at an attractive entry cost of EUR 70,000 per hectare. The Rome PV Project brings Zenith’s total solar development pipeline to 193 MWp, representing 96.5% of the Company’s 200 MWp target for 2026. The 4.5-hectare site occupies a prime position on the A1 motorway corridor north of Rome, adjacent to an established industrial area and connected to Central and Northern Italy’s major transport infrastructure.
Consideration is payable only upon securing all required permits and achieving Ready-to-Build status, in line with the Company’s capital-efficient acquisition model. The total land consideration for the Rome PV Project is EUR 315,000, reflecting a purchase price of EUR 70,000 per hectare. Zenith’s solar development pipeline now stands at 193 MWp, representing 96.5% of the Company’s 200 MWp target.
Construction commenced on the first of three Puglia plants on 30 June 2026. All three plants, comprising the Company’s 7 MWp Under Construction Portfolio (“UCP”), are expected to be operational and connected to the national grid by the end of 2026, generating revenue for the first time. Upon commissioning, the UCP will represent the first projects Zenith has taken from acquisition through to electricity production and will mark the Company’s transition to a renewable energy producer with operating revenues.
 
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