Member Info for Elegance

Zenith Energy Ltd (LSE: ZEN; OSE: ZENA) has expanded its Italian solar development pipeline to approximately 163.5 MWp through the recent acquisition of two agrivoltaic projects in Piedmont totaling 28 MWp (23 MWp and 5 MWp), with associated land for a 5 MW Battery Energy Storage System. The deals are on deferred payment terms (€2,016,000 due upon Ready-to-Build status, anticipated by March 2028), supporting the Company’s low-risk, clustered asset strategy in a market favoring agrivoltaics via streamlined permitting and dual land-use benefits. An updated independent valuation of the pipeline has been commissioned, following a prior assessment of €27.5 million for 110.5 MWp at Ready-to-Build stage. Recent ARERA regulations (Deliberations 385/2025/R/EEL and 564/2025/R/EEL) mandate cybersecurity and grid integration enhancements (including central controllers and remote active power control) for PV systems over 100 kW, with staggered compliance deadlines through 2028;

ARERA provides forfait-type financial contributions to offset upgrade costs—up to €10,000 for plants 500 kW–1 MW and up to €7,500 for 100–500 kW plants (indexed to compliance timing)—while non-compliance risks suspension of economic incentives and grid injection payments, thereby helping safeguard revenues for qualifying assets like those in Zenith’s pipeline. These elements position Zenith to advance toward sustainable electricity generation aligned with Italy’s renewable targets.

https://www.pv-magazine.com/2026/03/17/italian-solar-sector-gears-up-for-cybersecurity-regulations-on-pv-systems-over-100-kw/

I stood by you when you initially said "im out and waiting for 4.5p but considering you messed that up and couldnt remember what day you got back in and are now declaring your out after a slight pull back of only 8% consider we are 111% up this month, I think ill pass on following you to HE1.

Someone on here said "dont always pass up someone recommending a share in here" on Monday someone mentioned FCM so I thought id take a look and a punt. Id like to thank that person who ever it was. 2 core holes in with gold and 6 to go, up on FCM whilst ZEN is taking a pause. Both have a long way still to go.

Targa, all markets do make a difference, if you take a look at the Norway forum they even quote the london share price when thinking about buying in, so to call someone an idiot for quoting either Sweden or London isn't ... "clever" really.

And to those muttering about funding, Andrea has specifically said that Zenith shouldnt need any until June three or so months away so to speculate now would be without vailidity.

Eareye, whilst it could go to the 17p prior to ICC2, that was on the basis of a potential win, an annulment is not a win.

I do appreciate we have potential uranium this time round and increased solar.

L2 had 6 packets at 90,000 this morning on the bid, they are now gone so next support is at 4.5 by the looks of it, without news Asper might get lucky by Monday / Tuesday.

Ezhik

Thats the RNS I am waiting for, construction of solar, I know full well they are not all 2028, the point I was making to EarEye was 2028 isnt going to sustain the share price and it hasnt. there lots to come end of this month and next but it was likely to be a pull back once it hit 6p.

Cant really knock those who have sold if theres been a subsequent drop as long as they dont start screaming Sell sell sell..

Eye, down 6% in Oslo with London likely to follow suit as they have the lions share of the market.

I am glad I dont have the institutional investment mindset, I still hold, but can react quicker if need be rather than some pension scheme.

@Asper, whilst we all want this to go up, you may have called it.

Eye Eye

I'll take that as a compliment whilst it was not intended, your right I am a private investor who is able to be fluid with investments, whilst investing the last 30 years I have held on occasion some investments for over 5 years, so I can have an institutional investor mindset, that said, I do look at the here and now as well as the long term goals of each company I invest in.

I was simply stating what had been said in Oslo, I know you read it too, I look forward to updates that effect us now as well as those that take fruit in a couple of years time.

As is being discussed over in Oslo, these solar parks are not set to be established until 2028, that's two years away at best.

I am also concious we could see a raise at some point soon although Andrea did say "we shouldnt need one".... He didnt say we wouldnt.

Aspers may actually see his 4.5p order at some point next week if we dont receive more news flow, some very chunking sells (250k) came through in the afternoon in the UK and Oslo closed below previous close.

I also noticed this come up on L2 as a late trade today but not showing on LSE, its from March 11th and would make it a sell.

Mar 11, 2026 4:35:28pm 4.76 1250000

Eye, I am watching Sweden and Norway, on L2 london there also appears to be serveral block trades going on that hasnt initially appeared on LSE. Its understandable that we have settled at 5-5p after such a great week.

I expect we will get an update soon on solar whether that be an acquisition, construction or other, id also have thought we might get an update on the new gas conncetion.

Seems 5p has a fairly large resistance band on L2, not sure 4.5p will be seen soon.

EyeEye we were lagging behind them last week and have only just caught up so its not suprising they will be pushing forward again ahead of us, question is what news is next?

Swiss court clarification on Tunisia’s ICC2 case

Update on hearing date on ICSID

Uranium

Another Solar acquisition

Leak on a offer for ICSID.. the pressure must be piling on now?

Zenith will be gaining some visability today amongst new investors and quite rightly so, well done LTH.

7p just came up on the ask on L2... gently does it, this has legs, steady as she goes.

Callit, totally agree and whilst I think there will be a settlement, Zenith will only settle on strict rules of receiving payment.

Andrea Pinna, a partner at the international law firm Pinna Goldberg (with offices in Paris, London, Washington, and Dubai).

Pinna’s role focuses on leveraging his specialized knowledge to enforce awards and recover assets in multi-jurisdictional settings, which is critical for Zenith’s strategy to attach Tunisian or ETAP (Entreprise Tunisienne d’Activités Pétrolières) assets worldwide under frameworks like the New York Convention. This includes targeting enforceable jurisdictions where Tunisia has commercial interests, as Zenith has publicly signaled its intent to aggressively pursue enforcement rather than accept delays or obstructions.

Zenith will get the money, it’s just a matter of time.

The more I read into this, I believe Zenith has actually been given a gift! …

The court is almost certain to kick this objection straight out of the park in very short order, leaving Tunisia with basically no defense on the merits. That means the whole thing is now effectively uncontested, proceedings accelerate big time.

I’d expect the final decision (annulment) much sooner than the usual 6 months from the date of filing, so this could land any day now.

Tunisia’s procedural fumble just lit a rocket under Zenith’s case!

Big update from Zenith Energy today (March 11, 2026 RNS): CNAOG’s annulment application against the ICC-2 award is moving forward at the Swiss Federal Supreme Court in Lausanne—filed Sept 2025, procedurally accepted Oct 2025. Tunisia missed the deadline to file its proper response and instead tried a weak jurisdictional challenge, claiming (absurdly) that a Tunisian Court of Appeal should handle it. Under Swiss PILA Article 191, the Swiss Supreme Court has exclusive jurisdiction over annulments of international arbitrations seated in Switzerland—no basis for Tunisia to drag this to their own courts. This default looks like a procedural own-goal for Tunisia, potentially strengthening Zenith’s position. More to come, but it’s not looking good for Tunisia on ICC2 and possibly ICSID as well.

And there I was thinking this is extremely positive, this only amplifies Andreas skin in the game without upfront cash outlay, I was thinking that he might be privy to back chatter channels on how the arbitration is going, we are now in March, next month is final hearings. Exciting times.