Kyivstar has purchased a solar power plant capable of providing 4% of its annual consumption

Kyivstar started working in the renewable energy sector, having become the owner of an operational solar power plant with a capacity of 12.947 MW. This is the company's first step towards creating its own generating capacity and ensuring the energy independence of its telecommunications network. This was reported the company's press service.

The company has completed the acquisition of 100% of the corporate rights of Sanwin 11 LLC, which owns an operating solar power plant in Ukraine. According to preliminary estimates, the plant is capable of producing an amount of electricity that covers about 4% of Kyivstar's annual consumption. The value of the deal was UAH 347.57 million.

According to data According to YouControl, the company "Sanvin 11" operates in the field of solar energy and is registered in Odesa. The company owns a ground-based solar power plant located in the Zhytomyr region.

"Investing in renewable energy is a strategic step that will increase the reliability of our network. We strive to implement solutions that make our services energy-independent while contributing to the development of the country's energy potential," commented Oleksandr Komarov, CEO of Kyivstar.

The electricity generated by the solar power plant will be fed into the integrated power grid of Ukraine in accordance with current market rules. This will allow the telecom operator to partially reduce the risks from electricity price fluctuations and decrease its dependence on the instability of the energy supply.

"Why did we decide to invest in alternative energy? For a national electronic communications operator, this will allow us to diversify energy sources and confirms Kyivstar's position as one of the largest private investors in the Ukrainian economy," – wrote on Facebook, Komarov.

• On November 6, it became known that Kyivstar received permission of the Antimonopoly Committee for the purchase of the company "Sanvin 11", which specializes in the production of electricity.