Zenith Energy Acquires 28 MWp Agrivoltaic Solar Development Projects in Piedmont, Italy
Zenith Energy Ltd. has acquired two agrivoltaic solar development projects of approximately 23 MWp and 5 MWp in the Piedmont region of Italy, along with land secured for a 5 MW BESS. The total consideration is EUR 2,016,000, payable upon achieving Ready-to-Build status by March 2028. The acquisitions bring Zenith's Italian solar pipeline to approximately 100 MWp in Piedmont and its total development pipeline to 163.5 MWp.
Transaction date: · Source: irtools.co.uk
Key facts
- Transaction date
- Technology
- Solar PV, Battery Storage (BESS)
- Capacity
- 28 MW
- Transaction price
- 2 million (currency as reported in the source)
- Buyer
- Zenith Energy Ltd.
- Country
- Italy
- Region
- Piedmont
- Location
- Piedmont, Italy
- Continent
- Europe
- Development status
- Under Development
- PPA
- n.a.
Technology details
Two agrivoltaic solar development projects with expected installed capacities of approximately 23 MWp and 5 MWp respectively. An integrated 5 MW Battery Energy Storage System (BESS) is also planned on secured land to optimise energy dispatch and support local grid requirements. Projects expected to reach Ready-to-Build (RtB) status by March 2028.
Additional information
Total consideration of EUR 2,016,000, payable upon securing all required permits and achieving RtB status. Seller not disclosed. Following these acquisitions, Zenith's solar development pipeline has reached approximately 163.5 MWp, representing approximately 82% of its targeted 200 MWp pipeline by end of 2026.
Source
Original announcement: https://irtools.co.uk/71/story/412a1448-4921-4512-90b8-7fa69bc97005