Zenith Energy Acquires 10 MWp Agrivoltaic Solar Project Rieti-2 in Lazio, Italy
Zenith Energy Ltd. has acquired Rieti-2, a 10 MWp agrivoltaic solar development project in the Lazio region of Italy, for EUR 1,020,000 payable upon achieving Ready-to-Build status. The acquisition brings Zenith's total Italian solar development pipeline to 173.5 MWp, secured in under 12 months, advancing towards its 2026 target of 200 MWp. The project is expected to generate 14–15 GWh of electricity annually once operational.
Transaction date: · Source: irtools.co.uk
Key facts
- Transaction date
- Technology
- Solar PV
- Capacity
- 10 MW
- Transaction price
- 1 million (currency as reported in the source)
- Buyer
- Zenith Energy Ltd.
- Country
- Italy
- Region
- Lazio
- Location
- Rieti, Lazio, Italy
- Continent
- Europe
- Development status
- Under Development
- PPA
- n.a.
Technology details
10 MWp agrivoltaic development project integrating agricultural activities with solar energy production. Expected to produce approximately 14–15 GWh of electricity per year once operational. Project expected to reach Ready-to-Build (RtB) status at the conclusion of the development process.
Additional information
Total consideration of EUR 1,020,000, payable upon securing all required permits and achieving RtB status. Seller not disclosed. Following this acquisition, Zenith's total solar development pipeline stands at 173.5 MWp, all secured in less than 12 months, against a 2026 target of 200 MWp. An independent valuation of the full portfolio (covering RtB and fully operational value) is pending. Zenith has also commenced construction-phase activities for three Puglia solar projects with a combined capacity of 7 MWp, expected to generate annual revenues of approximately EUR 1 million. Zenith is listed on LSE (ZEN), OSE (ZENA) and XSAT (ZENA SDR).
Source
Original announcement: https://irtools.co.uk/71/story/2b7823b1-b2a8-4974-9782-d7ba5bf7796e