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Kyivstar Acquires SUNVIN 11, a 12.9 MW Solar Plant in Ukraine

The UAH 347.57 million purchase marks the operator’s first renewable investment as it hedges power costs and feeds output into the national grid.

Overview

  • Kyivstar bought 100% of SUNVIN 11, adding an operational 12.947 MW solar facility to its assets.
  • Electricity from the plant will be dispatched into Ukraine’s unified energy system under current market and regulatory rules.
  • The company estimates the plant’s output could cover roughly 4% of its annual electricity consumption.
  • Kyivstar presents the move as strengthening energy resilience and financial stability, complementing batteries, generators, and Starlink Direct to Cell initiatives.
  • The deal advances VEON and Kyivstar’s 2023–2027 Ukraine investment plan of USD 1 billion, with further renewable acquisitions under evaluation.