“Kyivstar,” Ukraine’s largest telecommunications operator, which acquired a 12.947 MW solar power plant operator in the Zhytomyr region for $3 million late last year, plans to acquire six more solar power plant operators in the Lviv region: EnergoPostach-Plus LLC, Lightful, Sunlight Generation, Ternovitsa Solar, Energy Space, and Ternovitsa Solar Plus.
According to a statement from the Antimonopoly Committee of Ukraine, it granted Kyivstar PJSC the relevant approval on Thursday.
As previously reported by the Interfax-Ukraine agency, the AMCU had already granted permission to purchase these solar power plants in July 2021, but at that time the potential buyer was the French company Total Eren S.A. (a subsidiary of Total).
At that time, the project involved more than 100 MW of installed capacity: “Energy Space” (5.94 GW and 5.797 GW), “Ternovitsa Solar” (13.023 GW and 15.537 GW), “Ternovitsa Solar Plus” (12.382 GW and 15.537 GW), “Sunlight Generation” (5.94 GWp and 5.797 GWp), “EnergoPostach-Plus” (5.94 GWp and 5.797 GWp), and “Lightful” (5.94 GWp and 5.79 GWp).
According to data from YouControl, the main beneficiary of “Energy Space” and “Ternovitsa Solar Plus” is Vsevolod Trofimenko, a member of the family that owns the Multiplex cinema chain, “Ternovitsa Solar,” “Sunlight Generation,” “Energopostach-Plus,” and ‘Lightful’—Ivan Torsky, who was the CEO of the development holding “TKS.”
On March 13, during the presentation of the group’s annual report, Kyivstar CEO and President Oleksandr Komarov noted that the first solar power plant acquired at the end of last year generates electricity equivalent to 4% of Kyivstar’s annual electricity consumption.
According to him, such investments serve as a hedge against energy costs, which represent one of the company’s largest recurring expenses. They align with the strategy to support Ukraine’s recovery and energy independence, while also meeting the needs of digital services.
“Expanding our presence in the energy sector is a natural hedge against rising prices in the coming periods,” CFO Boris Dolgushin added at the time.
In 2025, Kyivstar Group increased its EBITDA by 30% to UAH 27 billion, with revenue growing by 30.3% to UAH 48.2 billion; including a 23.1% increase in EBITDA to UAH 7.2 billion in the fourth quarter of last year, with revenue growing by 30.1% to UAH 13.5 billion.
