Kyivstar acquires six solar plants in Lviv for UAH3.6 billion

Kyivstar completed the acquisition of six solar power plants in Ukraine's Lviv region on Tuesday for UAH3.6 billion (US$80.8 million).

TL;DR

• Kyivstar bought six solar power plants in the Lviv region of Ukraine.
• The deal value was UAH3.6 billion, equal to US$80.8 million in the source report.
• Kyivstar said the acquisition expands its renewable energy portfolio and supports a new revenue stream.

Kyivstar said on Tuesday that it had completed the acquisition of six solar power plants located in the Lviv region of Ukraine. The company disclosed the transaction in an announcement reported by Developing Telecoms.

The reported value of the transaction was UAH3.6 billion, which the source equated to US$80.8 million. The acquisition adds six solar generation assets to Kyivstar's portfolio in western Ukraine.

Kyivstar said it is pursuing renewable energy as a new revenue stream. The company described the purchase as an expansion of its renewable energy portfolio.

Related questions

• How many solar power plants did Kyivstar acquire in the Lviv region?
• What was the value of Kyivstar's solar plant acquisition in Ukraine?
• Why did Kyivstar say it bought the six solar power plants?