Zenith Energy LTD.Com Shs (ZEN): Italian solar development pipeline

This situation live

ZEN Zenith Energy LTD.Com Shs

£30m · 3.8p · +2% since the first step

20 Oct 2025 · 98.5 MWp pipeline; Puglia 8 months to RTB · −9% until the next step The Company expects the Puglia Acquisition to achieve 'Ready-to-Build' status within 8 months.

17 Nov 2025 · Pipeline 110.5 MWp, above 100 MWp target · +5% until the next step With the original 100 MWp development target now substantially met, Zenith will define a new capacity objective and broaden its strategy to support continued growth in electricity production.

8 Dec 2025 · Pipeline 110.5 MWp; Puglia build funded in part · +7% until the next step the commencement of construction of our first solar plant in the Puglia region of Italy

2 Feb 2026 · Pipeline 120.5 MWp; target 200 MWp · +6% until the next step Since the independent valuation was completed, Zenith's solar portfolio has increased to 120.5 MWp as of February 2, 2026.

5 Mar 2026 · Pipeline 135.5 MWp; target 200 MWp · +36% until the next step Following subsequent acquisitions, the Company's solar pipeline has expanded to approximately 135.5 MWp, and an updated independent valuation has, accordingly, been commissioned.

13 Mar 2026 · Pipeline about 163.5 MWp; 82% of 200 MWp target · +36% until the next step Following completion of the Acquisitions, Zenith's solar development pipeline has increased to approximately 163.5 MWp, representing approximately 82% of the targeted capacity.

20 Mar 2026 · Pipeline 173.5 MWp; valuation awaited · +7% until the next step The Company is currently awaiting an independent valuation of the portfolio, covering both RtB and the value once the projects are fully operational (the "Valuation").

31 Mar 2026 · Independent valuation received: EUR 54.7m · +0% until the next step Updated independent valuation of the Development Pipeline: EUR 54.7 million.

23 Apr 2026 · Pipeline 178.5 MWp after Puglia addition · −7% until the next step Following completion of the Puglia Acquisition, Zenith's solar development pipeline has increased to a total of 178.5 MWp

27 Apr 2026 · 183.5 MWp; approaching 200 MWp target · −25% until the next step We are now approaching our target of 200 MWp and are excited to begin construction of our first site in July 2026.

8 Jun 2026 · 188.5 MWp; 94% of 200 MWp target · +0% until the next step The Rome PV Project brings Zenith's total solar development pipeline to 188.5 MWp, representing 94% of the Company's 200 MWp target for 2026.

12 Jun 2026 · 188.5 MWp; CfD scheme approved; commissioning slips · −11% until the next step is expected to commence construction in July 2026, with commissioning targeted for Q4 2026.

13 Jul 2026 · 193 MWp; Puglia construction started 30 June · −9% until the next step Construction commenced on the first of three Puglia plants on 30 June 2026.

17 Sep 2026 · Pipeline about 212 MWp; target now 240 MWp · −4% until the next step The Acquisition increases Zenith's total solar development pipeline to approximately 212 MWp, taking another step towards the Company's target of 240 MWp by the end of 2026.

28 Sep 2026 · Pipeline about 223 MWp; target 240 MWp · −9% since With our pipeline now at approximately 223 MWp, we are firmly on course to hit our 240 MWp target by the end of 2026.

Project milestones

Italian solar development pipeline

Pipeline about 223 MWp; target 240 MWp

DEC31 Next: Reach 240 MWp pipeline; Puglia plants commissioned before end-2026 in 68 days

Every step · 15

20 Oct 2025 98.5 MWp pipeline; Puglia 8 months to RTB – The Company expects the Puglia Acquisition to achieve 'Ready-to-Build' status within 8 months. ↗
17 Nov 2025 Pipeline 110.5 MWp, above 100 MWp target – With the original 100 MWp development target now substantially met, Zenith will define a new capacity objective and broaden its strategy to support... ↗
8 Dec 2025 Pipeline 110.5 MWp; Puglia build funded in part – the commencement of construction of our first solar plant in the Puglia region of Italy ↗
2 Feb 2026 Pipeline 120.5 MWp; target 200 MWp – Since the independent valuation was completed, Zenith's solar portfolio has increased to 120.5 MWp as of February 2, 2026. ↗
5 Mar 2026 Pipeline 135.5 MWp; target 200 MWp – Following subsequent acquisitions, the Company's solar pipeline has expanded to approximately 135.5 MWp, and an updated independent valuation has,... ↗
13 Mar 2026 Pipeline about 163.5 MWp; 82% of 200 MWp target – Following completion of the Acquisitions, Zenith's solar development pipeline has increased to approximately 163.5 MWp, representing approximately 82% of... ↗
20 Mar 2026 Pipeline 173.5 MWp; valuation awaited – The Company is currently awaiting an independent valuation of the portfolio, covering both RtB and the value once the projects are fully operational (the... ↗
31 Mar 2026 Independent valuation received: EUR 54.7m – Updated independent valuation of the Development Pipeline: EUR 54.7 million. ↗
23 Apr 2026 Pipeline 178.5 MWp after Puglia addition – Following completion of the Puglia Acquisition, Zenith's solar development pipeline has increased to a total of 178.5 MWp ↗
27 Apr 2026 183.5 MWp; approaching 200 MWp target – We are now approaching our target of 200 MWp and are excited to begin construction of our first site in July 2026. ↗
8 Jun 2026 188.5 MWp; 94% of 200 MWp target – The Rome PV Project brings Zenith's total solar development pipeline to 188.5 MWp, representing 94% of the Company's 200 MWp target for 2026. ↗
12 Jun 2026 188.5 MWp; CfD scheme approved; commissioning slips – is expected to commence construction in July 2026, with commissioning targeted for Q4 2026. ↗
13 Jul 2026 193 MWp; Puglia construction started 30 June – Construction commenced on the first of three Puglia plants on 30 June 2026. ↗
17 Sep 2026 Pipeline about 212 MWp; target now 240 MWp – The Acquisition increases Zenith's total solar development pipeline to approximately 212 MWp, taking another step towards the Company's target of 240 MWp by... ↗
28 Sep 2026 Pipeline about 223 MWp; target 240 MWp – With our pipeline now at approximately 223 MWp, we are firmly on course to hit our 240 MWp target by the end of 2026. ↗

What is happening

Zenith Energy LTD.Com Shs: Italian solar development pipeline – Pipeline about 223 MWp; target 240 MWp. ['Pipeline about 223 MWp; target 240 MWp']

In short: Pipeline grew from 120.5 MWp (Feb 2026) to 193 MWp on 13 Jul 2026. Stradella 1 (9 MWp, Lombardy) on 17 Sep 2026 took it to about 212 MWp. On 28 Sep 2026 Stradella 2 and 3 (about 11 MWp) lifted it to about 223 MWp, against a 240 MWp target by end-2026. Puglia plants (7 MWp) remain under construction.
Announced: 20 Oct 2025 · 98.5 MWp pipeline; Puglia 8 months to RTB
Latest: 28 Sep 2026 · Pipeline about 223 MWp; target 240 MWp
Target: At least 200 MWp by end-2026
CfD scheme: FER X, EUR 23bn; projects below 1 MWp qualify without auctions
Bidding rules: Above 1 MWp via competitive bidding; below 1 MWp direct access at an ARERA-set strike price
Price: EUR 90,000 per hectare, about 12 hectares, total about EUR 1,080,000
Permitting: Expected to progress efficiently, subject to ordinary administrative approvals
Pipeline: approximately 223 MWp as of 28 Sep 2026; target 240 MWp by end of 2026
Payment terms: Payable only after formal STMG acceptance
Pavia cluster: About 20 MWp across Stradella 1, 2 and 3

What comes next

Reach 240 MWp pipeline; Puglia plants commissioned before end-2026 (31 Dec 2026).

Briefing Pro

New to Zenith Energy LTD.Com Shs? Get up to speed in 2 minutes.

What it does, how it got here, what management promised and delivered – written from its own announcements.

Get the ZEN briefing →

From the company's own announcements. Not investment advice.

Also at Zenith Energy LTD.Com Shs 5 open

Disposal of a part (break-up)Partial sale of solar portfolio – Buyer talks advancing; MoU non-binding Legal & regulatoryICC-2 annulment application – Pending at Swiss Court; ECHR route added Legal & regulatoryTunisian authorities dispute and oil confiscation – Post-hearing briefs; Tunisian assets impaired in audited accounts Large acquisition / reverse takeoverAcquisition of Daybreak Oil and Gas – Non-binding exclusivity signed; due diligence Dilutive fundraiseDilutive placing to fund projects – Completed; UK shares admit around 16 December Zenith Energy LTD.Com Shs – company page →