VEON’s Kyivstar Invests in Renewable Energy in Ukraine with Acquisition in Solar Power Company
VEON (Nasdaq: VEON) announced that Kyivstar (Nasdaq: KYIV; KYIVW) has acquired 100% of LLC SUNVIN 11, adding 12.9 MW of solar generation capacity to its energy resilience investments on December 16, 2025.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
VEON (Nasdaq: VEON) announced that Kyivstar (Nasdaq: KYIV; KYIVW) has acquired 100% of LLC SUNVIN 11, adding 12.9 MW of solar generation capacity to its energy resilience investments on December 16, 2025.
Electricity from the solar facility will be supplied to Ukraine’s national grid under applicable market and regulatory frameworks. Kyivstar said the acquisition is its first investment in renewable energy, aims to partly hedge against energy cost volatility and improve operational stability, and is expected to incrementally reduce Kyivstar’s carbon footprint.
The deal advances Kyivstar’s and VEON’s pledge to invest USD 1 billion into Ukraine (2023–2027) across connectivity, energy resilience, and digital businesses.
Positive
- 12.9 MW of solar generation capacity added
- Kyivstar’s first renewable energy investment
- Advance of a USD 1 billion Ukraine investment commitment (2023–2027)
Negative
- None.
Details
News Market Reaction – VEON
On Dec 16, the day this news came out, VEON closed 1.45% above the previous close.
Data tracked by StockTitan Argus for the Dec 16 session.
Key Figures
- Solar capacity added
- 12.9 MW
- Capacity of LLC SUNVIN 11 facility acquired by Kyivstar
- Ownership acquired
- 100%
- Kyivstar stake in LLC SUNVIN 11
- Ukraine investment plan
- USD 1 billion
- Kyivstar and VEON commitment for 2023–2027
- Share price
- $52.34
- VEON price before news publication
- Daily price change
- 2.35%
- Move over prior 24 hours pre-news
- Today’s volume
- 75,132 shares
- Trading volume vs 20-day average of 100,501
- 200-day MA
- $49.37
- Long-term moving average level
- Price vs 52-week high
- -18.22%
- Distance from 52-week high of $64
Historical Context
-
Banglalink approval to operate as a payment service provider in Bangladesh.
-
Recognition for JazzCash, Kyivstar and Jazz at World Communication Awards.
-
Addition to S&P Global BMI and MSCI Ukraine Index boosting visibility.
-
Beeline Kazakhstan breaking ground on Tier III hyper cloud data center.
-
Kyivstar to lead development of Ukraine’s national LLM using Google Gemma.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
solar generation capacity technical
carbon footprint technical
satellite connectivity technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Dubai and Kyiv, December 16, 2025: VEON Ltd. (Nasdaq: VEON), announces that Kyivstar (Nasdaq: KYIV; KYIVW), Ukraine's leading digital operator, has acquired
The acquisition marks Kyivstar’s first investment into renewable energy. Electricity generated by the solar facility will be supplied to Ukraine’s national grid in accordance with applicable market and regulatory frameworks.
The acquisition will enable Kyivstar to participate in Ukraine’s country-wide energy resilience, while also supporting Kyivstar’s operational and financial foundations by partially hedging against volatility in energy costs and dependability. The solar power facility is also expected contribute to an incremental improvement in Kyivstar’s overall carbon footprint.
“Investing in renewable energy is a strategic step that contributes to the development of renewable energy in Ukraine while enabling Kyivstar to enhance operational and financial stability. This investment, combined with the recent introduction of Starlink Direct to Cell satellite connectivity and ongoing installations of batteries and generators to directly power Kyivstar’s network mean that our customers can rely on us for connectivity and innovative digital services,” said Oleksandr Komarov, CEO of Kyivstar.
This acquisition represents further progress on Kyivstar’s and VEON’s commitment to invest USD 1 billion into Ukraine over 2023-2027, including through investments in connectivity, energy resilience, and Kyivstar’s portfolio of innovative digital businesses.
About Kyivstar
Kyivstar Group Ltd. is a Nasdaq-listed holding company that operates JSC Kyivstar, Ukraine’s leading digital operator and the first Ukrainian company to have its shares traded on a U.S. stock exchange. Kyivstar Group’s operations span a broad range of connectivity and digital services, including mobile and fixed-line voice and data, ride-hailing, e-health, digital TV, and enterprise solutions such as Big Data, cloud, and cybersecurity. Together with VEON, Kyivstar intends to invest USD 1 billion in Ukraine between 2023-2027, through investments in infrastructure and technological development, charitable donations and strategic acquisitions. For more information, please visit https://investors.kyivstar.ua. Nasdaq tickers: KYIV; KYIVW
About VEON
VEON is a digital operator that provides converged connectivity and digital services to nearly 150 million connectivity and 120 million digital users. Operating across five countries that are home to more than
Forward-Looking Statements
This release contains “forward-looking statements”, within the meaning of the Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements include, but are not limited to, the impact of LLC SUNVIN 11 on Kyivstar’s operating, financial and sustainability performance. There are numerous risks, uncertainties that could cause actual results and performance to differ materially from those expressed by such statements, including risks relating to the timing and impact of the impact of LLC SUNVIN 11 on Kyivstar’s operating, financial and sustainability performance, among others discussed in the section entitled “Risk Factors” in VEON’s 2024 Form 20-F filed with the SEC on April 25, 2025 and other public filings made by VEON with the SEC. The forward-looking statements contained herein speak only as of the date of this release and VEON disclaims any obligation to update them, except as required by law.
Contact Information
VEON
Hande Asik
Chief Communications and Strategy Officer
pr@veon.com
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.