Zenith Energy advances Italian solar projects, secures funding

Zenith Energy Ltd. has launched a tender process for the construction of a 7 MWp portfolio of solar energy assets in Italy's Puglia region. The initial project, Andria-1 (3 MWp), is already "ready-to-build" with all necessary permits. Two additional projects, Andria-2 and Barletta-1, are expected to reach "ready-to-build" status within four months, forming part of an acquisition announced on September 16, 2025.

Construction for all three plants is slated to begin by June 2026. The company highlights favorable land conditions, minimal civil works required, and advantageous grid-connection conditions in the Barletta-Andria-Trani Province, strategically positioning these projects for Zenith's development pipeline in Italy.

Zenith is negotiating with three banks to secure construction financing, anticipating an agreement for up to 90% of the costs by the tender's conclusion. Chief executive Andrea Cattaneo emphasized the company's focus on revenue generation and the significance of this phase, projecting first revenue from renewable solar energy and positioning Zenith for exponential portfolio growth, supported by "green" bank facilities and potential capital injections in 2026.