Kyivstar, Ukraine’s largest mobile operator, announced the acquisition of six solar power plants (SPPs) with a total installed capacity of 105 MW in Lviv Oblast for 3.6 billion UAH, or $80.8 million, according to a company statement on Tuesday.
“Renewable energy is one of the key areas of Kyivstar’s investment portfolio, as it opens up opportunities for the further use of ‘green’ electricity to cover part of the company’s energy needs,” Kyivstar CEO and President Oleksandr Komarov is quoted as saying in the release.
Taking into account the initial purchase last December of the 13-MW “Sunwin 11” solar power plant for $3 million in the Zhytomyr region, Kyivstar’s total “green” generation capacity has grown to 118 MW, enabling the company to generate electricity equivalent to approximately 30% of its current annual consumption, the press release states.
“Electricity from the acquired solar power plant group will be fed into Ukraine’s unified power grid in accordance with current market and regulatory rules, which will allow Kyivstar to partially hedge against risks associated with fluctuations in electricity prices,” Kyivstar explained.
The mobile operator noted that these “green” projects also enable it to build a long-term energy consumption model, strengthen the country’s energy sector, and align with sustainable development goals.
“Kyivstar will continue to invest in initiatives that combine technological efficiency, compliance with ESG principles, and support for the Ukrainian economy,” the company noted.
As reported, in March of this year, Kyivstar received approval from the AMCU to purchase six solar power plants in the Lviv region: Energo-Postach-Plus LLC, Lightful, Sunlight Generation, Ternovytsia Solar, Energy Space, and Ternovytsia Solar Plus.
In the first quarter of 2026, Kyivstar increased its EBITDA by 28.5% to UAH 7.5 billion, while revenue grew by 31.3% to UAH 13.9 billion.
In 2025, the Kyivstar Group increased its EBITDA by 30% to UAH 27 billion, with revenue growing by 30.3% to UAH 48.2 billion. In particular, in the fourth quarter of last year, EBITDA increased by 23.1% to UAH 7.2 billion, with revenue growing by 30.1% to UAH 13.5 billion.
