Kyivstar, Ukraine’s largest telecommunications operator, has received permission from the Antimonopoly Committee of Ukraine (AMCU) to acquire six solar power plants located in western Ukraine’s Lviv region.
The total capacity of those solar power plants exceeds 100 megawatts (MW).
JOIN US ON TELEGRAM
Follow our coverage of the war on the @Kyivpost_official.
The acquisition aims to strengthen Kyivstar’s network resilience during potential blackouts and energy shortages. As part of this effort, the company is expanding its renewable energy capacity and previously secured approval to acquire a controlling stake in Odesa-based producer Sanvin 11.
The AMCU granted the approval following an application submitted last year, giving the telecommunications operator control over several energy companies – including Enerhopostach-Plus, Lightful, Sunlight Generation, Ternovytsya Solar, Energy Space and Ternovytsya Solar Plus – according to the committee’s website.
The solar assets were previously controlled by Ivan Torskyi, owner of the Greenville development company, and the Trofymenko family, who own the Multiplex cinema chain. Forbes Ukraine noted that the owners attempted to sell these same assets to the French energy giant Total in 2021, but the transaction was never completed.
The telecommunications giant has also expanded its digital portfolio, acquiring 100% of the medical marketplace Tabletki.ua, 97% of taxi and delivery service Uklon, as well as the Helsi medical platform, IT company Kyivstar.Tech and the Kyivstar TV platform.
Other Topics of Interest
