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Press release

Analyst Group: Analyst Group Comment on Zenith’s Increase in Solar Development Pipeline to 173.5 MWp and Update on Italian Electricity Production

Zenith Energy

Zenith Energy Ltd. (”Zenith” or the ”Company”) announced on Friday, March 20, 2026, that the Company has acquired an additional agrivoltaic development project with an expected installed capacity of approximately 10 MWp, located in the Lazio region of Italy (”Rieti-2”). The total consideration amounts to EUR 1,020,000, payable upon securing all required permits and achieving Ready-to-Build (”RtB”) status. Following the acquisition, Zenith’s solar development pipeline has increased to approximately 173.5 MWp, all secured in less than 12 months, representing approximately 87% of the Company’s stated 200 MWp target by the end of 2026. The Company also provided an update on electricity production at the Torrente Cigno concession, with gross revenues expected to reach approximately EUR 370t for the first quarter of 2026. On March 23, 2026, Zenith further announced that construction of its 7 MWp Under Construction Portfolio (”UCP”) in Puglia is now scheduled to commence in early July 2026, with grid connectivity fully secured and construction financing covering 85% of total land acquisition and construction costs confirmed as fully arranged.


Read Analyst Group’s comment here


About Analyst Group: One of Sweden's leading equity research boutiques with focus on small and medium-sized listed companies.
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This is a press release from Analyst Group regarding the publication of a comment on Zenith Energy. Readers may assume that Analyst Group has received compensation for making the comment. The Company has not been given an opportunity to influence the parts where Analyst Group has had opinions about the Company, future valuation or anything else that could be considered a subjective assessment.

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