Ukraine's leading digital operator business is now making a major push into solar power.
By buying six solar plants in western Ukraine, Kyivstar Group says its total green power generation capacity has risen to 118 megawatts.
What happened?
The deal, disclosed in a company announcement on GlobeNewswire in late May, cost UAH 3.6 billion, or about $80.8 million USD, and covers six solar facilities in the Lviv region with a combined capacity of 105 megawatts.
Kyivstar said that once these assets are added to a 13-megawatt solar purchase completed in December 2025, the company will be able to generate electricity equal to roughly 30% of its current annual consumption. That represents a major expansion of its renewable energy portfolio.
Rather than using the output only internally, the company plans to export electricity from the plants to Ukraine's unified energy system at current market rates. Kyivstar said this approach gives it another way to manage power costs while continuing to power the mobile and digital services used by more than 22 million customers.
Why does it matter?
Mobile networks, internet access, and digital services all depend on a steady power supply. Renewable energy can help make that supply more resilient, particularly in a country where energy sovereignty has become a national security issue.
Renewable energy is creating jobs, supporting domestic growth, and giving companies a chance to build more durable operations than those tied to volatile fossil fuel markets.
According to Kyivstar, the six plants produced about 113 gigawatt-hours of electricity in 2025, and unaudited management accounts show around UAH 682 million in revenue and UAH 596 million in EBITDA.
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What are people saying?
Kyivstar President Oleksandr Komarov described the acquisition as both a business decision and a long-term investment in the country's future.
"Renewable energy is a key focus area of Kyivstar's investment portfolio, and this acquisition opens further opportunities for the use of green electricity to meet the company's energy needs," Komarov said.
He added: "The development of our own energy generation is an important component of our long-term vision aimed at building safe, sustainable and efficient infrastructure. Together with VEON, we continue to increase investments in the Ukrainian economy because we believe in Ukraine and its successful future."
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