Highlights

  • Zenith launches tender for 7 MWp solar projects in Puglia, Italy, starting with Andria-1.
  • Financing negotiations are ongoing to cover up to 90% of construction costs.
  • Andria-2 and Barletta-1 expected to reach Ready-to-Build status within four months.

Zenith Energy Ltd. (LSE:ZEN) has begun a tender process for the construction of a portfolio of solar energy assets in the Puglia region of Italy. The total installed capacity of the projects will be 7 MWp.

Project Status and Timeline
The first project, Andria-1 (3 MWp), has Ready-to-Build status with all permits secured for immediate construction. The other two projects, Andria-2 and Barletta-1, are currently in the Development phase and are expected to reach Ready-to-Build status within four months. Construction for all three projects is scheduled to begin by June 2026.

Site and Grid Advantages
The land for these projects has undergone detailed due diligence and requires only limited civil works, helping to contain construction costs. The projects also have favorable grid-connection conditions and are located in a less saturated area of the Province of Barletta-Andria-Trani.

Construction Financing
Zenith is in advanced discussions with three banks to secure financing for Andria-1, Andria-2, and Barletta-1. The agreement is expected to cover up to 90% of the construction costs, subject to the conclusion of the tender process.

Pipeline Development
Once Andria-2 and Barletta-1 achieve Ready-to-Build status and receive all necessary approvals, the company will provide further updates. The projects form part of the acquisition announced on 17 September 2025 and are part of Zenith’s broader development pipeline in Italy.

Operational Outlook
Construction across all three plants is expected to start in mid-2026, with the combined capacity totaling approximately 7 MWp. The projects benefit from minimal preparatory work and grid access conditions that support the development schedule.

Share Price Snapshot

ZEN was trading 11.84% higher at GBX 4.25 per share as of 20 November 2025.