VEON (NASDAQ:VEON) said its Ukrainian subsidiary Kyivstar has acquired 100% of LLC SUNVIN 11, securing 12.9 megawatts of solar generation capacity as the telecom operator continues investing in energy resilience amid ongoing national infrastructure challenges.
The deal, completed on December 16, 2025, marks Kyivstar’s first direct investment in renewable energy.
Electricity generated by the solar facility will be supplied to Ukraine’s national grid under the country’s market and regulatory framework.
Kyivstar said the acquisition is intended to partly hedge against energy price volatility, strengthen operational continuity during periods of grid instability, and incrementally reduce its carbon footprint as telecom operators come under growing pressure to improve sustainability metrics.
VEON and Kyivstar have pledged to invest $1 billion in Ukraine between 2023 and 2027, spanning connectivity, digital services, and energy-resilience initiatives.
The solar acquisition expands Kyivstar’s diversification beyond traditional telecom infrastructure, reflecting broader sector trends to secure reliable power sources for critical network operations.