Ukrainian Telecom Operator Kyivstar Buys Solar Plant to Boost Energy Independence

The national electronic communications operator Kyivstar, a subsidiary of Kyivstar Group Ltd — the first Ukrainian company whose shares are traded on the Nasdaq stock exchange in the USA — is beginning investments in the alternative energy sector.

The company announces the acquisition of 100% of the corporate rights of LLC “SANVIN 11” — the owner of an operational solar power plant with a capacity of 12.947 MW, located in Ukraine. According to preliminary estimates, the solar power plant can produce electricity equivalent to about 4% of Kyivstar’s annual consumption. The transaction value amounted to 347.57 million hryvnias.

This investment opens a new strategic direction for Kyivstar — the development of its own generating capacities — and will allow the company to diversify energy sources and reduce operational risks associated with energy supply instability.

The electricity produced by the solar power plant will be supplied to Ukraine’s unified energy system in accordance with current market and regulatory rules, allowing Kyivstar to partially hedge risks associated with electricity price fluctuations.

This move also reinforces Kyivstar’s position as one of the largest private investors in the Ukrainian economy and as a technological leader systematically implementing innovations for the country’s sustainable future.