Kyivstar Acquires Six Solar Power Plants to Expand Energy Portfolio
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 26 2026
0mins
Source: Newsfilter
- Acquisition of Solar Assets: Kyivstar has acquired six solar power plants in the Lviv region for UAH 3.6 billion (approximately USD 80.8 million), increasing its total green energy capacity to 118 MW, which meets about 30% of its annual electricity needs.
- Financial Performance Boost: The newly acquired solar assets are expected to generate approximately 113 GWh of electricity in 2025, yielding around UAH 682 million in revenue and UAH 596 million in EBITDA, significantly enhancing the company's financial stability and profitability.
- Enhanced Market Supply Capability: Kyivstar will supply electricity produced by the new plants to Ukraine's unified energy system, leveraging market prices and green energy tariffs to improve its ability to hedge electricity costs, thereby supporting operational efficiency in a rapidly growing market.
- Sustainability Strategy: This acquisition aligns with Kyivstar's long-term vision to enhance the safety and sustainability of its infrastructure through renewable energy investments, while also supporting the recovery and development of the Ukrainian economy, demonstrating confidence in the future.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy KYIV?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on KYIV
Wall Street analysts forecast KYIV stock price to rise
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 13.780
Low
17.00
Averages
17.75
High
20.00
Current: 13.780
Low
17.00
Averages
17.75
High
20.00
About KYIV
Kyivstar Group Ltd is a United Arab Emirates-based telecommunications and digital services company. The Company provides services across mobile and fixed line technologies, including fourth Generation Mobile Network Technology (4G), big data, cloud solutions, cybersecurity, and digital television (TV), among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Kyivstar Group to Release Q2 2026 Financial Results
- Earnings Release Announcement: Kyivstar Group plans to release its consolidated financial and operating results for Q2 and the first half of 2026 on July 31, 2026, which is expected to provide investors with critical performance metrics and market trend analysis.
- Management Conference Call: Following the earnings release, Kyivstar will host a conference call with senior management to discuss the financial results, enhancing communication with investors and increasing transparency and trust.
- Market Position: As Ukraine's leading digital operator and the first Ukrainian company to list on Nasdaq, Kyivstar solidifies its leadership position in the market while providing a broad range of connectivity and digital services.
- Service Diversity: Kyivstar's offerings include mobile and fixed-line voice, data services, ride-hailing, e-health, digital TV, and enterprise solutions, highlighting its crucial role in digital transformation and driving future growth.
See More
Kyivstar Acquires E-wings to Enhance Digital Mobility
- Acquisition Agreement: Kyivstar's subsidiary Uklon has entered into an agreement to acquire electric scooter operator E-wings for UAH 97.6 million (approximately $2.2 million), further enriching its digital ecosystem.
- Scooter Operations: E-wings operates a fleet of about 3,000 electric scooters across 11 Ukrainian cities, and the acquisition will add micromobility services to Uklon's existing ride-hailing, delivery, advertising, and travel offerings, creating a multimodal transportation platform.
- Strategic Expansion: This acquisition not only enhances Uklon's service portfolio but also reflects Kyivstar's strategic intent in building a digital ecosystem around essential everyday services aimed at improving quality of life and supporting sustainable urban mobility.
- Future Outlook: The transaction is expected to complete in Q3 2026, marking a significant step in Kyivstar's further expansion into digital services, creating economic value and promoting sustainable development in Ukraine.
See More
Uklon Acquires E-wings to Enhance Urban Mobility Ecosystem
- Acquisition Scale: Uklon has signed a definitive agreement to acquire E-wings for UAH 97.6 million (approximately USD 2.2 million), expected to close in Q3 2026, marking a significant step in Uklon's transformation into a comprehensive urban mobility ecosystem.
- Service Integration Plan: Following the transaction, Uklon intends to integrate E-wings' electric scooter rental service directly into its main app, enabling users to access a variety of mobility options, including scooter rentals, ride-hailing, and intercity travel, thereby enhancing user experience and service convenience.
- Market Expansion Potential: E-wings operates in 11 Ukrainian cities with a fleet of approximately 3,000 electric scooters, and its integration into Uklon will further enrich the digital service portfolio, strengthening Kyivstar's competitiveness in the rapidly growing urban mobility market.
- Innovation-Driven Technology: Uklon recently launched Ukraine's first live testing of autonomous vehicle technology, and combined with electric scooters and ride-hailing services, is expected to create additional opportunities for expanding Kyivstar's digital offerings and enhancing user engagement.
See More
Uklon Acquires E-wings to Enhance Mobility Platform
- Acquisition Overview: Uklon has signed a definitive agreement to acquire E-wings for UAH 97.6 million (approximately USD 2.2 million), transitioning from a ride-hailing service to a multimodal mobility platform that integrates scooters, delivery, and ticketing, enhancing user experience.
- Market Expansion Strategy: This acquisition will expand Uklon's service coverage from 27 cities to include E-wings' operations in 11 cities, expected to enhance its market share in Ukraine and promote sustainable urban mobility development.
- Integration Advantages: The integration of E-wings will allow Uklon users to access scooter services directly through a unified interface, improving travel convenience while supporting low-emission transport solutions in Ukraine, aligning with global green mobility trends.
- Future Development Outlook: The transaction is expected to complete in the third quarter of 2026, marking Uklon's further positioning in the autonomous driving and robotaxi market, reinforcing its role as a key player in Ukraine's digital ecosystem.
See More
Kyivstar Group Appoints New CFO
- Executive Transition: Kyivstar Group has appointed Taner Kızıltoprak as Chief Financial Officer effective July 1, 2026, with Taner joining as an advisor on June 1, indicating a strategic leadership shift within the company.
- Financial Leadership Experience: Taner brings over 20 years of financial leadership experience, having served as CEO of 106 Dijital and held senior roles at Turkcell Group, which is expected to positively impact Kyivstar's digital ecosystem expansion.
- Predecessor's Contributions: Former CFO Boris Dolgushin significantly contributed to the company's strategic transformation during his tenure, particularly in the successful acquisition and integration of multiple businesses, showcasing Kyivstar's stability and continuity in financial management.
- Commitment to Social Responsibility: Over the past three years, Kyivstar has allocated over UAH 4.4 billion to support the Defense Forces and social projects, reflecting its commitment to wartime support and social responsibility, further solidifying its leadership position in the market.
See More
Uklon Launches Ukraine's First Autonomous Vehicle Testing
- Autonomous Vehicle Testing: Uklon becomes the first mobility company in Ukraine to conduct live testing of autonomous vehicle technology, utilizing advanced sensors, LiDAR, and real-time connectivity, positioning itself as a leader in Ukraine's autonomous mobility and robotaxi ecosystem.
- Significant Investment Support: VEON has invested $1.3 billion in Ukraine's digital infrastructure from 2023 to 2026, representing one of the largest sustained commitments by any foreign investor, facilitating the rollout of next-generation services including autonomous driving.
- Partnership Development: Uklon collaborates with Boryspil International Airport to pave the way for long-term driverless operations, highlighting its pivotal role in the future robotaxi ecosystem while aligning with Ukraine's Digital Development Strategy to 2030.
- Innovation-Driven Growth: VEON CEO Kaan Terzioglu emphasizes that Uklon's launch showcases how innovative technologies developed by Ukrainian talent are driving economic growth, further solidifying VEON's leadership in the digital services sector.
See More
Kyivstar Group to Release Q2 2026 Financial Results
- Earnings Release Announcement: Kyivstar Group plans to release its consolidated financial and operating results for Q2 and the first half of 2026 on July 31, 2026, which is expected to provide investors with critical performance metrics and market trend analysis.
- Management Conference Call: Following the earnings release, Kyivstar will host a conference call with senior management to discuss the financial results, enhancing communication with investors and increasing transparency and trust.
- Market Position: As Ukraine's leading digital operator and the first Ukrainian company to list on Nasdaq, Kyivstar solidifies its leadership position in the market while providing a broad range of connectivity and digital services.
- Service Diversity: Kyivstar's offerings include mobile and fixed-line voice, data services, ride-hailing, e-health, digital TV, and enterprise solutions, highlighting its crucial role in digital transformation and driving future growth.
See More
Kyivstar Acquires E-wings to Enhance Digital Mobility
- Acquisition Agreement: Kyivstar's subsidiary Uklon has entered into an agreement to acquire electric scooter operator E-wings for UAH 97.6 million (approximately $2.2 million), further enriching its digital ecosystem.
- Scooter Operations: E-wings operates a fleet of about 3,000 electric scooters across 11 Ukrainian cities, and the acquisition will add micromobility services to Uklon's existing ride-hailing, delivery, advertising, and travel offerings, creating a multimodal transportation platform.
- Strategic Expansion: This acquisition not only enhances Uklon's service portfolio but also reflects Kyivstar's strategic intent in building a digital ecosystem around essential everyday services aimed at improving quality of life and supporting sustainable urban mobility.
- Future Outlook: The transaction is expected to complete in Q3 2026, marking a significant step in Kyivstar's further expansion into digital services, creating economic value and promoting sustainable development in Ukraine.
See More
Uklon Acquires E-wings to Enhance Urban Mobility Ecosystem
- Acquisition Scale: Uklon has signed a definitive agreement to acquire E-wings for UAH 97.6 million (approximately USD 2.2 million), expected to close in Q3 2026, marking a significant step in Uklon's transformation into a comprehensive urban mobility ecosystem.
- Service Integration Plan: Following the transaction, Uklon intends to integrate E-wings' electric scooter rental service directly into its main app, enabling users to access a variety of mobility options, including scooter rentals, ride-hailing, and intercity travel, thereby enhancing user experience and service convenience.
- Market Expansion Potential: E-wings operates in 11 Ukrainian cities with a fleet of approximately 3,000 electric scooters, and its integration into Uklon will further enrich the digital service portfolio, strengthening Kyivstar's competitiveness in the rapidly growing urban mobility market.
- Innovation-Driven Technology: Uklon recently launched Ukraine's first live testing of autonomous vehicle technology, and combined with electric scooters and ride-hailing services, is expected to create additional opportunities for expanding Kyivstar's digital offerings and enhancing user engagement.
See More
Uklon Acquires E-wings to Enhance Mobility Platform
- Acquisition Overview: Uklon has signed a definitive agreement to acquire E-wings for UAH 97.6 million (approximately USD 2.2 million), transitioning from a ride-hailing service to a multimodal mobility platform that integrates scooters, delivery, and ticketing, enhancing user experience.
- Market Expansion Strategy: This acquisition will expand Uklon's service coverage from 27 cities to include E-wings' operations in 11 cities, expected to enhance its market share in Ukraine and promote sustainable urban mobility development.
- Integration Advantages: The integration of E-wings will allow Uklon users to access scooter services directly through a unified interface, improving travel convenience while supporting low-emission transport solutions in Ukraine, aligning with global green mobility trends.
- Future Development Outlook: The transaction is expected to complete in the third quarter of 2026, marking Uklon's further positioning in the autonomous driving and robotaxi market, reinforcing its role as a key player in Ukraine's digital ecosystem.
See More
Kyivstar Group Appoints New CFO
- Executive Transition: Kyivstar Group has appointed Taner Kızıltoprak as Chief Financial Officer effective July 1, 2026, with Taner joining as an advisor on June 1, indicating a strategic leadership shift within the company.
- Financial Leadership Experience: Taner brings over 20 years of financial leadership experience, having served as CEO of 106 Dijital and held senior roles at Turkcell Group, which is expected to positively impact Kyivstar's digital ecosystem expansion.
- Predecessor's Contributions: Former CFO Boris Dolgushin significantly contributed to the company's strategic transformation during his tenure, particularly in the successful acquisition and integration of multiple businesses, showcasing Kyivstar's stability and continuity in financial management.
- Commitment to Social Responsibility: Over the past three years, Kyivstar has allocated over UAH 4.4 billion to support the Defense Forces and social projects, reflecting its commitment to wartime support and social responsibility, further solidifying its leadership position in the market.
See More
Uklon Launches Ukraine's First Autonomous Vehicle Testing
- Autonomous Vehicle Testing: Uklon becomes the first mobility company in Ukraine to conduct live testing of autonomous vehicle technology, utilizing advanced sensors, LiDAR, and real-time connectivity, positioning itself as a leader in Ukraine's autonomous mobility and robotaxi ecosystem.
- Significant Investment Support: VEON has invested $1.3 billion in Ukraine's digital infrastructure from 2023 to 2026, representing one of the largest sustained commitments by any foreign investor, facilitating the rollout of next-generation services including autonomous driving.
- Partnership Development: Uklon collaborates with Boryspil International Airport to pave the way for long-term driverless operations, highlighting its pivotal role in the future robotaxi ecosystem while aligning with Ukraine's Digital Development Strategy to 2030.
- Innovation-Driven Growth: VEON CEO Kaan Terzioglu emphasizes that Uklon's launch showcases how innovative technologies developed by Ukrainian talent are driving economic growth, further solidifying VEON's leadership in the digital services sector.
See More
