Zenith Energy Ltd. (LSE:ZEN) has started construction-phase preparations for three solar installations with a combined capacity of 7 MWp in Italy’s Puglia region, the company said in a press release.
The projects—Andria-1, Andria-3 and Andria-4—are being developed via Zenith’s fully owned Italian subsidiary, WESOLAR S.R.L. Layout designs for the ground-mounted facilities have been finalized, and grid connection requests have been submitted.
The total projected investment for the three plants is about €3.87 million. This includes roughly €3.15 million allocated to solar panels and construction works, along with €720,000 earmarked for land purchases. Zenith expects the projects to generate approximately €14.8 million in gross revenue during their first 10 years of operation, with an anticipated operational life of around 30 years.
Groundbreaking is planned for July 2026. The company is currently running a competitive tender process for construction contractors and is in advanced talks with banks to arrange financing that could cover about 80% of the overall project costs.
In addition, Zenith disclosed the acquisition of two further ground-mounted photovoltaic projects in Puglia with a combined planned capacity of around 5 MWp. The agreed land purchase price is €779,000, subject to obtaining the required regulatory approvals.
Following these additions, Zenith’s solar portfolio now totals approximately 125.5 MWp across several Italian regions, including Liguria, Lazio, Piedmont and Puglia.
The portfolio comprises projects at varying stages of development, from early-phase initiatives to ready-to-build assets. Zenith said it aims to pursue a balanced strategy—progressing projects toward construction readiness while selectively building and retaining assets to establish recurring electricity production revenues.
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