Kyivstar has acquired 100% of LLC SUNVIN 11, enhancing its renewable energy capacity in Ukraine with a commitment to invest USD 1 billion in the sector by 2027.

Information on the Target

Kyivstar, a leading digital operator in Ukraine and a Nasdaq-listed entity, has recently completed the acquisition of 100% of LLC SUNVIN 11, a solar power company. This acquisition introduces an additional 12.9 MW of solar generation capacity to Kyivstar's portfolio and marks its inaugural investment in the renewable energy sector. Electricity generated from this facility will be supplied to Ukraine's national grid, adhering to all relevant market and regulatory standards.

The strategic move into renewable energy not only enhances Kyivstar’s operational capabilities but also contributes to Ukraine’s broader efforts in energy resilience. This investment is expected to provide Kyivstar with greater stability against fluctuations in energy costs while also making a positive impact on its overall carbon footprint.

Industry Overview in Ukraine

Ukraine has made substantial strides toward enhancing its renewable energy sector, driven by a national commitment to sustainability and energy independence. The governmental policies have been increasingly favorable, enco