Kyivstar Acquires 105 MW Solar Portfolio in Ukraine’s Lviv Region to Expand Renewable Energy Capacity to 118 MW

Kyivstar, a subsidiary of Kyivstar Group Ltd, has announced the acquisition of six solar power plants in the Lviv region of Ukraine as part of its strategy to expand its renewable energy portfolio and strengthen operational energy resilience.

The acquired solar assets have a combined installed capacity of 105 MW, with the transaction valued at approximately UAH 3.6 billion (USD 80.8 million). Following the acquisition, Kyivstar’s total renewable energy generation capacity has increased to 118 MW.

The latest development marks another milestone in the company’s renewable energy expansion plans. Kyivstar entered the power generation sector in December 2025 through the acquisition of the 13 MW Sanvin 11 solar power plant. With the addition of the newly acquired facilities, the company said its renewable energy generation capacity can now produce electricity equivalent to nearly 30% of its current annual electricity consumption.

According to Kyivstar, electricity generated from the acquired solar power plants will be supplied to Ukraine’s unified power system in line with existing market and regulatory requirements. The company noted that the move will also help partially mitigate risks associated with fluctuations in electricity prices.

Oleksandr Komarov stated that renewable energy represents one of the key investment priorities within Kyivstar’s broader infrastructure strategy. He said the expansion of the company’s own generation capacity supports its long-term objective of building a secure and technologically efficient infrastructure while increasing investments in Ukraine’s economy alongside parent company VEON.

Kyivstar added that investments in renewable energy projects will help diversify its energy sourcing strategy and strengthen operational sustainability amid increasing electricity costs and rising data traffic demand. The company also emphasized that its green energy initiatives align with ESG principles, contribute to the development of Ukraine’s energy sector, and support long-term sustainable development objectives.

The company said it will continue investing in projects that combine technological efficiency, renewable energy integration, and support for the Ukrainian economy.