Zenith Energy Ltd. has reported developments in its Italian solar portfolio, including an upgrade to its Piedmont project.
The Piedmont project, first planned as a 7MWp agrivoltaic installation, has been reclassified as a 10MWp solar energy development following regulatory changes.
Zenith said this would improve project economics, simplify technical design, and boost electricity production and revenue potential, strengthening its position in Italy’s solar market.
The company has also acquired another agrivoltaic project in Lazio, bringing its pipeline in the region to 15MWp. The newly secured site covers 10 hectares and is planned for a 5MWp installation.
Zenith will pay €650,000 for the project once permitting and construction milestones are reached.
Chief Executive Andrea Cattaneo said the firm’s regional “cluster” approach aims to deliver efficiencies and long-term value. “The addition of a second agrivoltaic project in Lazio increases our regional development capacity to 15MWp and marks a further step in strengthening Zenith’s Italian solar portfolio,” he said.
“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,” Cattaneo added.
“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.”
Zenith noted that a 55MWp Italian portfolio, its stated goal, could generate around 97,795MWh annually, equating to an estimated €9m in annual revenues between 2026 and 2031, and around €8m thereafter.
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