Zenith Energy has signed a memorandum of understanding to sell a portfolio of solar power projects in Piedmont, Italy, with a planned capacity of approximately 50 MWp for EUR 12 million. The projects are expected to have a combined acquisition and development cost of around EUR 5 million, which means an estimated gross profit of approximately EUR 7 million. The buyer is an international player planning a data center in the area with electricity supply from the projects. If completed, the deal will be Zenith's first divestment within the Italian solar energy portfolio.