Zenith Energy Shares Surge 12% Following 10MW Solar Project Acquisition in Italy

Key Facts

1Zenith Energy acquired a 10MWp agrivoltaic development project in the Piedmont region of Italy.

2The company's shares rose approximately 12% to 9.79p following the announcement.

3With this acquisition, the company's total solar portfolio reaches 120.5MWp.

Zenith Energy Ltd has announced the acquisition of a 10MWp agrivoltaic development project in the Piedmont region of Italy. The acquisition, executed through its subsidiary WESOLAR SRL, marks a significant expansion of the company's renewable energy footprint in the Italian market. Following the announcement, Zenith's share price surged by approximately 12% to reach 9.79p. This latest addition brings the company's total solar energy portfolio to 120.5MWp. The project is expected to reach "Ready-to-Build" status within the next 12 to 15 months. This move aligns with Zenith's strategy to capitalize on Italy's industrialized power markets and diversify its energy assets. Investors are reacting positively to the company's accelerated growth in the European green energy sector.