Zenith Energy Starts Building First Italian Solar Plants and Expands Puglia Pipeline

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

Zenith Energy has moved its Italian solar strategy into the construction phase, starting work on three ground-mounted projects in Puglia totaling 7 MWp through its subsidiary WESOLAR. The company estimates total investment of about EUR 3.87 million for land and build-out, expects roughly EUR 14.8 million in gross proceeds over the first decade of operations, and is targeting a 30-year production life for the assets.

Financing talks with banks are advanced, with around 80% of land and construction costs expected to be debt-funded and the balance provided as equity, ahead of physical construction planned to begin in July 2026. To sustain growth of its Italian pipeline, Zenith has also acquired two additional Puglia PV projects with a combined expected capacity of about 5 MWp, lifting its overall solar portfolio to roughly 125.5 MWp and underscoring a strategy that blends project development, selective monetisation and building recurring electricity revenue.

The most recent analyst rating on (GB:ZEN) stock is a Hold with a £3.50 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 is an independent, revenue-generating energy company with production, exploration and development assets in North Africa, the US and Europe. Listed in London, Oslo and Sweden, it focuses on developing proven energy production assets and low-risk exploration to build stable, cash-generative operations across multiple markets, with a growing strategic emphasis on renewables, particularly Italian solar power.

Average Trading Volume: 1,049,230

Technical Sentiment Signal: Sell

Current Market Cap: £20.22M

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