Kyivstar Group Ltd. Expands Renewable Energy Footprint with Six Solar Power Plant Acquisition
Kyivstar Group Ltd. (Nasdaq: KYIV) announced the completion of an $80.8 million acquisition of six solar power plants located in the Lviv region of Ukraine. The transaction, which closed on 26 May 2026, added a total installed capacity of 105 MW to the company’s energy portfolio.
Details of the Acquisition
| Item | Value |
|---|---|
| Total installed capacity | 105 MW |
| Total electricity generation (2025) | ~113 GWh |
| Revenue (2025) | UAH 682 million (≈$19.4 million) |
| EBITDA (2025) | UAH 596 million (≈$16.9 million) |
| Consideration paid | UAH 3.6 billion (≈$80.8 million) |
| Green energy generation after acquisition | 118 MW (≈30 % of Kyivstar’s annual consumption) |
The six assets were purchased for UAH 3.6 billion, and the acquisition brings the company’s green energy generation capacity to 118 MW. This is a direct result of the earlier purchase of Sunvin 11 (13 MW) in December 2025, which started the company’s expansion into renewable energy assets.
Operational Impact
Kyivstar will supply the electricity generated by the newly acquired solar plants to Ukraine’s unified energy system under existing market and regulatory conditions. By providing power at market‑priced green tariffs, the company aims to hedge its own electricity costs while supporting the national grid. The acquisition is positioned to enhance operational efficiency as connectivity demand continues to rise across Ukraine.
Context
Kyivstar Group Ltd. is a subsidiary of Vimpelcom Amsterdam B.V. and operates as Ukraine’s leading digital operator. Its service portfolio includes mobile and fixed‑line voice and data, ride‑hailing, e‑health, digital TV, and enterprise solutions such as Big Data, cloud, and cybersecurity. The expansion into renewable energy aligns with the company’s broader investment strategy and reflects an increasing emphasis on sustainability within the telecommunications sector.
The acquisition was reported by multiple outlets, including Investing.com, CEOCa, and Globe Newswire, confirming the transaction’s completion and outlining the strategic benefits for Kyivstar’s energy generation capabilities.
