Zenith Energy Ltd (LSE:ZEN) (LSE: ZEN; OSE: ZENA; XSAT: ZENA SDR) said it has acquired an additional agrivoltaic development project in Lazio, Rieti‑2, with an expected installed capacity of approximately 10 MWp and an anticipated annual output of about 14–15 GWh once operational.
The company said the total consideration for Rieti‑2 is EUR 1,020,000 and will be payable upon securing all required permits and achieving Ready‑to‑Build ("RtB") status; Zenith is currently awaiting an independent valuation of its RtB and operational portfolio and will publish the Valuation via a regulatory news service when received.
Separately, Zenith said its Torrente Cigno concession in Italy generated an average monthly production of approximately 1,000 MWh in January and February 2026. Italian PUN Index prices averaged EUR 132/MWh in January, EUR 114/MWh in February and are tracking at ~EUR 142/MWh for March, giving an average reference price of about EUR 129/MWh across the three months; based on current levels the company expects gross revenues of ~EUR 140,000 for March, bringing Q1 2026 gross revenues from Torrente Cigno to ~EUR 370,000.
Andrea Cattaneo, Chief Executive Officer, said: "In less than a year, Zenith has built a solar development pipeline of nearly 175 MWp, and we expect to surpass our 2026 target of 200 MWp before the end of the first half of the year." The company also reiterated that construction‑phase activities have commenced on three Puglia projects with a combined 7 MWp capacity, which Zenith expects could generate roughly EUR 1 million of annual revenues and have an estimated payback period of around 5–6 years, subject to market and operational conditions.
