Business
Kyivstar Acquires Six Solar Power Plants, Further Diversifies Energy Sources
KYIV, Ukraine and NEW YORK, May 26, 2026 (GLOBE NEWSWIRE) -- Kyivstar Group Ltd. (Nasdaq: KYIV; KYIVW), the parent company of JSC Kyivstar (“Kyivstar”), Ukraine's leading digital operator and part of VEON Group (Nasdaq: VEON), today 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 (MW). The total consideration paid is UAH 3.6 billion (USD 80.8 million). T
About this update from Kyivstar Group Ltd.
[{"type":"image","alt":"Kyivstar Group Ltd","displaySize":"","headline":null,"caption":"Kyivstar Group Ltd","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":130,"url":"https://media.zenfs.com/en/globenewswire.com/7d1595865a8c9896f561a506e6607f4d"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Mt58mEeCZNHAq8gN_kO_4g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE4Mg--/https://media.zenfs.com/en/globenewswire.com/7d1595865a8c9896f561a506e6607f4d","width":300,"height":130},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/Mt58mEeCZNHAq8gN_kO_4g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE4Mg--/https://media.zenfs.com/en/globenewswire.com/7d1595865a8c9896f561a506e6607f4d","width":300,"height":130}},"lazy":false},{"type":"text","content":"KYIV, Ukraine and NEW YORK, May 26, 2026 (GLOBE NEWSWIRE) -- Kyivstar Group Ltd. (Nasdaq: KYIV; KYIVW), the parent company of JSC Kyivstar (“Kyivstar”), Ukraine's leading digital operator and part of VEON Group (Nasdaq: VEON), today announced it is expanding its energy assets with the acquisition of six solar power plants in the Lviv region.","length":352,"tagName":"p"},{"type":"text","content":"The group of six acquired assets has a total installed capacity of 105 megawatts (MW). The total consideration paid is UAH 3.6 billion (USD 80.8 million). The solar assets being acquired generated approximately 113 GWh of electricity, while delivering approximately UAH 682 million of revenue and UAH 596 million of EBITDA in 20251.","length":332,"tagName":"p"},{"type":"text","content":"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 (13 MW). 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.","length":430,"tagName":"p"},{"type":"text","content":"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. This enhances the company’s ability to hedge electricity costs by supplying energy from these solar power plants to the national grid at market prices with green energy ...