Kyivstar Group Ltd. has acquired 100 % of the shares of SUNVIN 11 LLC, the operator of a 12.947‑MW solar power plant in Ukraine, for UAH 347.57 million (about USD 8.24 million). The purchase adds a renewable generation asset to Kyivstar’s portfolio and marks the company’s first direct ownership of an energy‑producing facility.
The acquisition is part of Kyivstar’s broader strategy to reduce exposure to volatile electricity prices and to reinforce network reliability in a country that has faced repeated power outages due to conflict. The plant’s output is expected to cover roughly 4 % of Kyivstar’s annual electricity consumption, while any excess power will be fed into the national grid under current market rules. The deal also aligns with VEON’s commitment to invest USD 1 billion in Ukraine between 2023 and 2027, supporting the country’s post‑war reconstruction and renewable‑energy targets.
By owning a generation asset, Kyivstar can lock in stable power costs for its extensive telecom infrastructure, potentially lowering long‑term operating expenses and protecting margins in a war‑torn economy. The solar plant complements the company’s existing backup generators and battery systems, creating a hybrid energy strategy that enhances resilience during grid disruptions and reduces dependence on external suppliers.
CEO Oleksandr Komarov said the investment “demonstrates Kyivstar’s commitment to renewable energy and strengthens our ability to deliver reliable services to customers, even in challenging conditions.” He added that the move is part of a broader effort to build a sustainable, low‑carbon footprint network that supports Ukraine’s energy independence and post‑war recovery.
The acquisition positions Kyivstar as a technology and sustainability leader in the Ukrainian market, strengthening its competitive moat against rivals that rely solely on grid power. It also signals the company’s willingness to pursue further opportunities in the alternative‑energy sector, potentially opening the door to additional renewable projects that could further diversify its energy mix and enhance long‑term profitability.
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