Kyivstar Acquires Six Solar Power Plants for UAH 3.6B

Kyivstar Group (KYIV), the parent company of JSC Kyivstar and part of VEON Group (VEON), announced it is expanding its energy assets with the acquisition of six solar power plants in the Lviv region. "The group of six acquired assets has a total installed capacity of 105 megawatts. The total consideration paid is UAH 3.6B or $80.8M. The solar assets being acquired generated approximately 113 GWh of electricity, while delivering approximately UAH 682M of revenue and UAH 596M of EBITDA in 2025. This acquisition marks another step forward in the development of Kyivstar's energy generation portfolio. The company began expanding its energy asset base in December 2025 with the acquisition of Sunvin 11. Following the addition of the newly acquired assets, Kyivstar's green energy generation has increased to 118 MW, enabling it to produce electricity equivalent to approximately 30% of its current annual consumption. Kyivstar will supply electricity produced by the newly acquired solar power plants to Ukraine's unified energy system in accordance with current market and regulatory rules," the company stated.