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Zenith Energy Ltd - oil company with interests in Italy, Tunisia and the US - Signs deal to acquire a solar energy development project located in Puglia, Italy. The total consideration for the deal is €875,000, including the purchase of associated land. Zenith has purchased two hectares of land for a first battery energy storage system. ‘Puglia is among Italy’s most favourable regions for solar power generation, benefiting from high solar irradiation levels that deliver a superior economic yield for photovoltaic projects,’ Zenith says. ‘The Puglia acquisition consolidates the company’s presence in Puglia and complements its existing development pipeline in Piedmont and Lazio. Collectively, these three clusters form a strategically significant solar development portfolio across Italy’s most attractive renewable energy generation areas.’ Current stock price: 3.71 pence 12-month change: up more than double from 1.50p Copyright 2025 Alliance News Ltd. All Rights Reserved.
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