Kyivstar buys Ukrainian solar power company Sunvin 11

Details: John Tanner; Category: Energy & Sustainability; 18 December 2025; 8730 views

Veon-owned digital telco Kyivstar says it has made first investment in renewable energy by buying solar power company Sunvin 11, which owns a 12.9-MW solar plant in the Zhytomyr region of Ukraine.

In a statement issued Tuesday, Kyivstar said it had acquired 100% of Sunvin 11, and that electricity generated by Sunvin’s solar facility will be supplied to Ukraine’s national grid in accordance with applicable market and regulatory frameworks.

Kyivstar CEO Oleksandr Komarov said the acquisition will enable the telco to participate in Ukraine’s country-wide energy resilience, while also supporting Kyivstar’s operational and financial foundations by partially hedging against volatility in energy costs and dependability.

“This investment, combined with the recent introduction of Starlink Direct to Cell satellite connectivity and ongoing installations of batteries and generators to directly power Kyivstar’s network mean that our customers can rely on us for connectivity and innovative digital services,” Komarov said In a statement.

No financial details of the transaction were disclosed. Veon and Kyivstar said the Sunvin acquisition represents further progress on their earlier commitment to invest US$1 billion into Ukraine between 2023 and 2027.