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Zenith Energy ( (GB:ZEN) ) has provided an announcement.
Zenith Energy has acquired two agrivoltaic solar development projects in Italy’s Piedmont region with a combined expected capacity of 28 MWp, plus land for a 5 MW battery storage system, lifting its solar development pipeline to about 163.5 MWp. The deal, priced at €2.02 million contingent on permits and ready-to-build status by 2028, strengthens Zenith’s regional cluster strategy in Italy, a leading agrivoltaics market, and moves it closer to its 200 MWp pipeline target by end-2026.
The company plans to advance Italian solar projects to ready-to-build, selectively sell some to fund the rest, and ultimately bring a sizeable portion into production to secure recurring power revenues. Management highlights that a fully built 163.5 MWp portfolio could command substantial value and annual revenue under current Italian power prices, underscoring the strategic role of regulated European markets and grid-supportive storage in Zenith’s transition toward scalable renewable energy income streams.
The most recent analyst rating on (GB:ZEN) stock is a Hold with a £4.50 price target. To see the full list of analyst forecasts on Zenith Energy stock, see the GB:ZEN Stock Forecast page.
More about Zenith Energy
Zenith Energy Ltd. is an independent, revenue-generating energy company with production, exploration and development assets in North Africa, the U.S. and Europe. Listed in London, Oslo and on Sweden’s Spotlight market, it focuses on building proven, cash-generating power and pursuing low-risk exploration in assets with existing output.
Average Trading Volume: 1,120,970
Technical Sentiment Signal: Buy
Current Market Cap: £33.76M
Find detailed analytics on ZEN stock on TipRanks’ Stock Analysis page.