Kyivstar (KYIV) announced an investment in the alternative energy sector. Kyivstar has acquired 100% of the shares of Sunvin 11, the owner of an operational solar power plant with a capacity of 12.947 MW, located in Ukraine. The value of the transaction amounts to $8.24M. This investment launches a new strategic direction for Kyivstar-the development of its own energy-generating capacities. The electricity produced by the acquired solar power plant will be supplied to Ukraine’s unified energy system in accordance with current market and regulatory rules, enabling Kyivstar to partially hedge risks related to fluctuations in electricity prices. According to preliminary estimates, the plant can generate electricity equivalent to approximately 4% of Kyivstar’s annual consumption.
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