Zenith Energy has announced the acquisition of a 10MWp agrivoltaic solar project in Lazio, Italy, via its wholly owned subsidiary WESOLAR S.R.L.
The deal marks the company’s largest solar acquisition to date and supports its strategy to build a 20MWp portfolio by the end of 2025.
The €1.3m acquisition includes the purchase of the land and is conditional on the project reaching Ready-to-Build (RTB) status within 12 months.
Agrivoltaic systems combine solar power production with agricultural activity, allowing for dual land use and supporting sustainability goals.
Zenith’s current solar portfolio spans four regions in Italy. These include an operational 0.5MWp site in Liguria (currently generating 0.2MWp), a 3MWp RTB asset in Puglia, and development-stage agrivoltaic projects in Piedmont (7MWp) and Lazio (10MWp).
“We are pleased to announce the Acquisition our largest to date,” said CEO Andrea Cattaneo.
“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.”
Cattaneo further highlighted the company’s due diligence process and financing strategy:
“Each project we pursue is subject to rigorous technical and legal due diligence… Looking ahead, we intend to leverage favourable financing options tailored to Italy’s solar sector to accelerate our expansion and minimise equity dilution.”
Zenith aims to develop projects at various stages, with a focus on rapid investment recovery and long-term sustainability.
Interested in Italy’s solar market? Don’t miss your free ticket to Solar & Storage Live Italia – taking place 8-9 October at the Veronafiere exhibition centre.
