October 30, 2026
ZENITH ENERGY LTD.
("Zenith" or the "Company")
New 5 MWp PV Development Project in Puglia
Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA; XSAT: ZENA SDR), the international
energy production and development company, is pleased to announce the addition
of a new ground-mounted photovoltaic development project with an anticipated
installed capacity of approximately 5 MWp, located in the Province of Foggia, in
the Puglia region of Italy (the "Project").
The Project increases the Company's total solar development pipeline to
approximately 238 MWp, bringing it close to its target of 240 MWp by the end of
2026.
Overview of the Project
- The Project is expected to proceed under the Simplified Authorisation
Procedure (Procedura Abilitativa Semplificata, or PAS), subject to the
applicable eligibility requirements. This route may allow a significantly more
efficient permitting process than ordinary authorisation procedures.
- The Company estimates that the Project could reach Ready-to-Build status in
approximately 8 to 10 months including grid connection, final design and the PAS
procedure.
- Based on preliminary assessments, the Company anticipates a comparatively
straightforward grid connection with relatively limited associated
infrastructure costs, compared with projects requiring much longer connection
routes.
- The Project is classified as being in the development stage.
- The land purchase comprises approximately 8 hectares at EUR 70,000 per
hectare, for a total consideration of approximately EUR 560,000. The
consideration becomes payable only once the Project achieves Ready-to-Build
status, limiting the Company's financial exposure until the Project is fully
authorised.
.
Andrea Cattaneo, Chief Executive Officer, commented:
"This new 5 MWp project strengthens our position in Puglia, where our first
plants are already under construction.
With our pipeline now at approximately 238 MWp, we are within reach of our 240
MWp targets for the end of 2026. Our focus remains on projects that can move
quickly towards Ready-to-Build, and negotiations on the sale of selected
development assets are continuing."
Further Information:
Zenith Energy Ltd
Andrea Cattaneo, Chief Executive Officer
Tel: +1 (587) 315 1279
E: info@zenithenergy.ca
Notes to Editors:
Zenith Energy Ltd. is a revenue generating, independent energy company with
energy production, exploration and development assets in North Africa, the US
and Europe. The Company is listed on the London Stock Exchange Main Market (LSE:
ZEN), the Euronext Growth of the Oslo Stock Exchange (OSE: ZENA) and on the
Spotlight Stock Market in Sweden (XSAT: ZENA SDR).
Zenith's strategic focus is on pursuing development opportunities through the
development of proven revenue generating energy production assets, as well as
low-risk exploration activities in assets with existing production.
For more information, please visit: www.zenithenergy.ca
Twitter: @zenithenergyltd
Market Abuse Regulation (MAR) Disclosure
The information included in this announcement is defined as inside information
pursuant to MAR article 7 and is publicly disclosed in accordance with MAR
article 17 and section 5-12 of the Norwegian Securities Trading Act. The
announcement is made by the contact person.
nd section 5-12 of the Norwegian Securities Trading Act. The\
announcement is made by the contact person.\