AcquisitionsMay 26, 2026, 04:38 PM
Kyivstar Acquires Six Solar Plants in Lviv Region for $80.8M
AI Summary
Kyivstar Group Ltd. announced the acquisition of six solar power plants in Ukraine's Lviv region, adding 105 MW to its energy portfolio. The total consideration for the acquisition was UAH 3.6 billion ($80.8 million). This strategic move increases Kyivstar's green energy generation to 118 MW, covering approximately 30% of its annual electricity consumption, aiming to diversify energy sources, hedge electricity costs, and support Ukraine's renewable energy sector.
Key Highlights
- Kyivstar Group acquired six solar power plants in the Lviv region.
- The acquired assets have a total installed capacity of 105 megawatts (MW).
- Total consideration paid was UAH 3.6 billion, equivalent to $80.8 million.
- The acquired solar assets generated UAH 682 million revenue and UAH 596 million EBITDA in 2025.
- Kyivstar's total green energy generation capacity increased to 118 MW.
- This new capacity enables Kyivstar to produce electricity equivalent to approximately 30% of its annual consumption.
- The acquisition price per MW is $0.77 million.
Price Impact
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