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Zenith Energy Expands Solar Portfolio with New Acquisition in Italy

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Zenith Energy Expands Solar Portfolio with New Acquisition in Italy

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Zenith Energy ( (GB:ZEN) ) has provided an announcement.

Zenith Energy Ltd. has acquired a ready-to-build solar energy project in Puglia, Italy, through its subsidiary WESOLAR S.R.L. This acquisition, with a power output of approximately 3 MWp, aligns with Zenith’s strategy to expand its solar energy portfolio to 20 MWp by the end of 2025. The project is strategically located near essential infrastructure and is expected to benefit from high solar irradiance, ensuring efficient energy production. The acquisition supports Zenith’s goal of sustainable revenue generation and profitability, following the termination of its energy production portfolio in Tunisia.

More about Zenith Energy

Zenith Energy Ltd. is an independent energy company focused on energy production, exploration, and development. It operates in North Africa, the US, and Europe, and is listed on the London Stock Exchange, the Oslo Stock Exchange, and the Pink Markets. The company aims to develop proven revenue-generating energy production assets and engage in low-risk exploration activities.

Average Trading Volume: 903,540

Technical Sentiment Signal: Sell

Current Market Cap: £13.63M

For detailed information about ZEN stock, go to TipRanks’ Stock Analysis page.

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