Zenith solar pipeline valued at €27.5m, backing renewable strategy

Zenith Energy Ltd. announced an independent valuation of its solar energy development pipeline, totaling 110.5 MWp, at €27,500,000.00. The valuation, conducted by an Italian consultancy, reinforces Zenith's strategy to expand into solar parks in Europe, following a strategic decision to broaden its industrial base. The company plans to sell a 50% interest in these projects once they reach Ready-to-Build (RTB) status.

The development pipeline's value underscores the potential for future revenue generation. RTB status signifies that all necessary permits, authorizations, and grid connection requirements are secured, enabling construction to commence. Zenith's chief executive, Andrea Cattaneo, highlighted the company's track record in bringing energy assets into production since 2010, emphasizing that this valuation provides shareholders with reassurance regarding the value-creation potential of its renewable energy activities.