Business
VEON’s Kyivstar Invests in Renewable Energy in Ukraine with Acquisition in Solar Power Company
Dubai and Kyiv, December 16, 2025: VEON Ltd. (Nasdaq: VEON), announces that Kyivstar (Nasdaq: KYIV; KYIVW), Ukraine's leading digital operator, has acquired 100% of LLC SUNVIN 11, adding 12.9 MW of solar generation capacity to its energy resilience investments. The acquisition marks Kyivstar’s first investment into renewable energy. Electricity generated by the solar facility will be supplied to Ukraine’s national grid in accordance with applicable market and regulatory frameworks. The acquisiti
About this update from Kyivstar Group Ltd.
[{"type":"text","content":"Dubai and Kyiv, December 16, 2025: VEON Ltd. (Nasdaq: VEON), announces that Kyivstar (Nasdaq: KYIV; KYIVW), Ukraine's leading digital operator, has acquired 100% of LLC SUNVIN 11, adding 12.9 MW of solar generation capacity to its energy resilience investments.","length":265,"tagName":"p"},{"type":"text","content":"The acquisition marks Kyivstar’s first investment into renewable energy. Electricity generated by the solar facility will be supplied to Ukraine’s national grid in accordance with applicable market and regulatory frameworks.","length":224,"tagName":"p"},{"type":"text","content":"The acquisition will enable Kyivstar to participate in Ukraine’s country-wide energy resilience, while also supporting Kyivstar’s operational and financial foundations by partially hedging against volatility in energy costs and dependability. The solar power facility is also expected contribute to an incremental improvement in Kyivstar’s overall carbon footprint.","length":365,"tagName":"p"},{"type":"text","content":"“Investing in renewable energy is a strategic step that contributes to the development of renewable energy in Ukraine while enabling Kyivstar to enhance operational and financial stability. This investment, combined with the recent introduction of Starlink Direct to Cell satellite connectivity and ongoing installations of batteries and generators to directly power Kyivstar’s network mean that our customers can rely on us for connectivity and innovative digital services,” said Oleksandr Komarov, CEO of Kyivstar.","length":516,"tagName":"p"},{"type":"text","content":"This acquisition represents further progress on Kyivstar’s and VEON’s commitment to invest USD 1 billion into Ukraine over 2023-2027, including through investments in connectivity, energy resilience, and Kyivstar’s portfolio of innovative digital businesses.","length":258,"tagName":"p"},{"type":"text","content":"About KyivstarKyivstar Group Ltd. is a Nasdaq-listed holding company that operates JSC Kyivstar, Ukraine’s leading digital operator and the first Ukrainian company to have its shares traded on a U.S. stock exchange. Kyivstar Group’s operations span a broad range of connectivity and digital services, including mobile and fixed-line voice and data, ride-hailing, e-health, digital TV, and enterprise solutions such as Big Data, cloud, and cybersecurity. Together...