Kyivstar, Ukraine’s largest telecom operator, is considering acquiring Sunvin 11 LLC, the company that owns a 12.95 MW solar power plant in the Zhytomyr region. The plant, which was commissioned in 2019, is a key component of Ukraine’s efforts to expand its renewable energy capacity. The potential acquisition could significantly bolster Kyivstar’s energy infrastructure and support the country’s transition to cleaner energy sources.
The Antimonopoly Committee has been monitoring the transaction to ensure that it does not violate any antitrust regulations. Kyivstar’s move to acquire the solar plant underscores its growing interest in energy diversification. The company has previously invested in various green energy projects, including wind farms and solar installations, demonstrating its commitment to sustainability.
Analysts suggest that the acquisition could have both financial and environmental benefits for Kyivstar. By integrating renewable energy into its operations, the company could reduce its reliance on traditional energy sources and lower operational costs in the long run. Additionally, the transition to renewable energy aligns with Ukraine’s national energy strategy, which aims to increase the share of renewable energy in the country’s power mix.
The deal is still under review, and the final decision depends on regulatory approvals. If completed, the acquisition would mark a significant step in Kyiv,star’s strategy to integrate energy and telecom services. The company is positioning itself as a leader in the green energy transition in Ukraine, emphasizing its role in the country’s sustainable development goals.