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 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.
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